Chapter 13
Benefits of Chapter 13 Bankruptcy
- You can avoid or prevent a foreclosure on your home
- You can catch up on past-due mortgage payments through the repayment plan
- You can restructure your debt through a reorganization that can lower your payments
- Once you file, creditors are prohibited from collection efforts through an “automatic stay” by the court
Benefits of Chapter 13 Bankruptcy
Chapter 13 bankruptcy has many benefits, especially for those with mortgage and car loan arrearages that can be paid off through the plan.
Benefits include:
- You can avoid or prevent a foreclosure on your home
- You can catch up on past-due mortgage payments through the repayment plan
- You can restructure your debt through a reorganization that can lower your payments
- Once you file, creditors are prohibited from collection efforts through an “automatic stay” by the court
Learn How Chapter 13 Bankruptcy Can Help You
Kyle understands that filing for bankruptcy is a big step and a decision that you will need to properly weigh. That is why he is here to ensure that you understand all that is involved in the process, including the pros and cons, and how it will specifically apply to your circumstances.
Get started on a debt relief plan by booking your free consultation with Kyle today.