If you are wanting to know more about bankruptcy chapter 13 and if you should file for it maybe this will help you.
A chapter 13 bankruptcy is also known as a wage earner’s plan. It helps people with regular income develop a plan to repay all or most of their debts. The person who is in debt proposes a repayment plan to make installments to people they owe money to over three to five years time. Chapter 13 offers people an opportunity to save their homes from foreclosure. Individuals can will be able to stop the foreclosure proceedings and can cure delinquent mortgage payments over time. Also while being protected by chapter 13 individuals have no direct contact with creditors.
So if you are interested in filing bankruptcy but you don’t want to lose assets like your house you might want to file for chapter 13 bankruptcy. You should contact a lawyer to see how to do this today.