Chapter 13

  • You can file a Chapter 13 bankruptcy even if you've already filed a Chapter 7 or 13 within the last 8 years.

  • Chapter 13 immediately stops garnishments, repossessions, collections, lawsuits, foreclosure, and harassment by all collectors, even the IRS

  • You can include all debts.

  • You consolidate your debts into one manageable payment.

  • For most debts, you pay back only what you can afford, not what you owe.

  • You can keep your house if you can start making your regular mortgage payments, and you may be able to refinance in 1 yr.

  • If you have a 2nd mortgage and your house value has decreased, you may be able to erase your 2nd mortgage.

  • The Court will not take any of your property or possessions.

  • If you are married, you can file a joint case with your spouse, or you can file by yourself.