What is Chapter 13 Bankruptcy?

What is Chapter 13 Bankruptcy?

Are you employed? Do you own property and want to avoid foreclosure? Chapter 13 bankruptcy is designed to allow you to maintain possession of your property. Chapter 13 is also referred to as ‘the wage earners plan,’ because it allows individuals with a steady income...
How Chapter 7 Bankruptcy Works

How Chapter 7 Bankruptcy Works

A Chapter 7 Bankruptcy case begins with filing a petition with the court serving the area where the individual resides, or in the area where the individual has set up their principal assets. In addition to the petition, the individual must also submit: List of assets...