Chapter 13 Bankruptcy
Chapter 13 Bankruptcy protects your assets from creditors.
What Chapter 13 Bankruptcy Will Do For You
Chapter 13 Bankruptcy protects your assets from creditors. If you want to keep your home, car, retirement account, a line of credit or other valuable assets, this is the option for you.
Stop foreclosure and repossession immediately! Call Credit-Yogi day or night at 1-866-964-9644 or click below to get a FREE CONSULTATION with a bankruptcy attorney.
Note: Student loan debt and felony charges cannot be eliminated but there is help aside from bankruptcy. For help with student loan debt, click below.
Will I Lose My Home and Car if I File for Chapter 13 Bankruptcy?
The benefit of Chapter 13 Bankruptcy is that you get to keep your assets. If you have a lot of equity in your home, or drive a luxury car, you may need to use the equity in those assets to help pay down your debt. Your Credit-Yogi bankruptcy attorney could immediately stop foreclosure and repossessions and help you keep your home and car.
Stop foreclosure and repossessions now! Call Credit-Yogi 24/7 at 1-866-964-9644 or click below to speak to a certified bankruptcy attorney.
Do I Qualify for Chapter 13 Bankruptcy?
Generally speaking any individual, self-employed person, or small business can qualify for Chapter 13 Bankruptcy, provided their unsecured debt is under $30,475 and secured debts are less than $1,081,400. (These figures change periodically.) You also must receive credit counseling from an approved debt counselor prior to filing – your bankruptcy attorney can help with this. One call to Credit-Yogi will get you started.
How Chapter 13 Bankruptcy Works
Chapter 13 Bankruptcy makes it possible for you to pay back your debts over time, without interest, without being harassed by creditors – without losing your home or car. Your bankruptcy attorney will work with your creditors to remove late fees, stop interest from accruing, and even reduce the amount you owe.
Once a judge approves your bankruptcy, an impartial trustee is appointed to administer your case. You repay the agreed-upon amount of debt to all your creditors with one monthly payment to the trustee, over a set period of time – which may be up to five years. The trustee then distributes your payments to all your creditors. Your bankruptcy ends when all creditors have been paid.
Call Credit-Yogi now at 1-866-964-9644 or click below to get on the phone with a certified bankruptcy attorney to see if you qualify for Chapter 13 Bankruptcy.
Will Chapter 13 Bankruptcy Hurt My Credit Rating?
A Chapter 13 Bankruptcy is a long process – up to five years, depending on your repayment plan. This can stay on your credit report for up to ten years after that, however there are strategies to keep specific credit lines open. If you’re considering bankruptcy, your credit score has likely already been harmed. If you’re unable to get out of debt on your own, your credit report will continue to go negative anyway.
Bankruptcy puts a stop to the collections and gets you on track. You will be able to reduce some debts, and consolidate other debt – including your mortgage and car payments into your Chapter 13 repayment plan. Once everything is paid off, you can then take steps to restore your credit.
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