Chapter 13 / Debt Repayment
Chapter 13 is a wage earner repayment plan. It is a federal law designed to help individuals, married people and single-owner businesses repay a portion of their debts with dignity and peace of mind. A plan for the repayment of debts is created by you and your attorney and, with the approval of your creditors, confirmed by the Court. A Chapter 13 bankruptcy filing may:
- Allow you to stop foreclosure on your home
- Give you time to catch up on your house payments
- Stop repossession of your vehicle
- Stop the IRS from garnishing your wages