Chapter 13 Bankruptcy

Chapter 13 bankruptcy involves rehabilitation and government protection and is designed for people with a regular income and those whose income exceeds that allowed under Chapter 7. 

Chapter 13 allows you to keep valuable assets.  Harris Law Office tailors a plan to meet your financial needs and desires that will structure repayment of your debts over a three- to five-year period. This plan allows you to “catch up” on your overdue payments by paying a percentage of what you owe. Under the plan, you pay an appointed trustee, who then pays your creditors. The amount of repayment is determined by the type of debt and your income. Debts subject to a Chapter 13 repayment plan can include mortgages, car payments, alimony and child support, taxes, high-interest loans, credit cards.

While the plan is in effect, your creditors cannot harass or sue you or attach your wages. Chapter 13 filers must complete payments under the plan in order for their debts to be discharged.