DISCLAIMER

The information contained on this page is for information, only. It is not intended to be legal advice, nor should you make legal decisions based on this information. Please consult an attorney to see how the law applies to your particular situation.

Many people like to refer to Chapter 13 as the "catch your breath" provision of the Bankruptcy Code.  It is designed for people who have money to pay back their creditors but who can't do it quickly enough to satisfy overbearing creditors.  Chapter 13 allows you stop the harassing phone calls and lawsuits and gives you time to catch your breath while you pay your creditors. The first step is to make a list of all of your debts, your income and your budget.  Then, we can propose a monthly payment that you can afford. You pay this new amount to the trustee each month and it covers all of your consumer debt. All credit card debt, medical bills, finance companies, and car notes (In some cases, we can include IRS debt). It even lets you get caught up on back mortgage payments and stops the interest and penalties on back taxes. In your Chapter 13 plan, the credit card companies and all other unsecured creditors are barred from collecting interest.

How much you pay each month depends on what you can afford, not what the creditors demand. Depending on your income and budget we may be able to wipe out all unsecured debt in your Chapter 13 plan.  It doesn't cost you anything to come into my office, meet with me, and see what kind of plan might work for you.