Why File Chapter 13 Bankruptcy?
A Chapter 13 bankruptcy is designed for people who are: (1) behind on their house payments and their property is about to be foreclosed upon; or (2) behind on their vehicles and their cars are about to be repossessed. It is also designed for people who owe the IRS, or those who simply make too much money each month to remain in Chapter 7. Chapter 13 has several advantages. For instance, we are often able to substantially reduce your payments on your vehicles. However, either Chapter 7 or Chapter 13 will typically allow you to discharge unsecured debts! Misconceptions: A common misconception is that if you file a Chapter 13 bankruptcy, you always pay back your credit card or other similar unsecured non-priority debt. To the contrary, that is rarely the case. Most of our Chapter 13 clients pay back none or an extremely insignificant amount of their unsecured debt. Most people also mistakenly believe that bankruptcy will destroy their credit. To the contrary, your credit score will improv
