Chapter 13 Bankruptcy

Chapter 13 Bankruptcy

Regular income individuals may seek an adjustment of debts under Chapter 13 Bankruptcy.

Even individuals operating an unincorporated business or self-employed, are eligible for chapter 13 bankruptcy relief as long as the individual's unsecured debts are less than $307,675 and secured debts are less than $922,975.

Chapter 13 Bankruptcy consolidate credit card bills
Find what you were looking for FAST by searching OUR SITE or the entire WEB now.

Web Consolidate-Credit-Card.Net

A particular advantage of chapter 13 is that it provides individual debtors with an opportunity to save their homes from foreclosure by allowing them to make past due payments through a payment plan.

Fees that must be paid to the clerk of the court upon filing:

  • $235 case filing fee
  • $39 miscellaneous administrative fee
  • A discharge releases the debtor from all debts provided for by the plan or disallowed, with the exception of certain debts referenced in 11 U.S.C. § 1328.

    Debts not discharged in chapter 13:

  • certain long term obligations (such as a home mortgage)
  • debts for alimony and child support
  • certain taxes
  • debts for most government funded or guaranteed educational loans or benefit overpayments
  • debts for death or personal injury caused by the debtor's operation of a motor vehicle while under the influence of alcohol or other substances
  • debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime.

  • Return from chapter 13 bankruptcy to Home page.

    Consolidate Credit Card

    Copyright © 2004-2005 Debt Consolidation - All Rights Reserved.

    DISCLAIMER: The law will vary depending on your state, jurisdiction and the specifics of your case. The information provided by Consolidate-Credit-Card.Net is intended for educational purposes only. All the content on this website should NOT be considered professional advice or a substitute for professional advice. For such services, we recommend getting a free initial consultation by a licensed debt counselor in your state.