Do I qualify for a Chapter 13?

In order to qualify for a Chapter 13, we will have to show the Court that you will be able to fund a monthly plan based on your income. This means that in order to qualify for a Chapter 13 bankruptcy, you must be working or have a consistent source of income for your repayment plan to be approved by the court. Not only must you be able to pay for your monthly living expenses, but you must also be able to make a monthly payment to the Court for them to disperse to your creditors.

We will also have to prove that your debts are below the statutory debt limits set for a Chapter 13.

A Chapter 13 is debt-specific and complicated. Since the Chapter 13 plan will last for 3 to 5 years, and you will be legally obligated to make those payments, it is important to understand the laws and propose a feasible and manageable repayment plan. Our experienced attorneys will analyze your financial situation and advise you of whether a Chapter 13 is the best route for you. Once determined, we will prepare your bankruptcy case and repayment plan, and do everything we can to make sure you are comfortable with your payments moving forward.

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Call [8773017005] to schedule a Free Consultation with an attorney at the Stone Haven Law Group to get a better understanding of your options.