There is a way to reduce your debt and not lose everything you have worked for all your life. Chapter 13 bankruptcy can do just that. It allows you to pay your debtors over a five-year period with little or no interest incurred. There is one catch however; you have to have a regular income. There are other criteria that you have to meet, but the regular income is the most important. To find out if you qualify, you will need to contact a bankruptcy attorney. He will be able to lead you through this process with ease.
In filing a Chapter 13 bankruptcy, an attorney can help you determine if this is the best way for you to go. When it is determined that you should go this way, he will assist you in making a budget. This will help in deciding the amount of payments you will be able to afford. He will also help you determine the best way to deal with your creditors and assist you in getting the methods set up to do so.
Now that you have made these decisions, you and your attorney will need to complete a plan for the Chapter 13 and complete the forms required by the courts to get the procedure started. These forms can now be filed with the court systems. A filing fee...
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