Chapter 13 Can Help You Keep Your Home

Posted on April 21, 2020 By

Homeowners are often devastated when they learn there is a possibility their home could be foreclosed. No one wants to lose their home after trying to make their payments on time for years. When foreclosure becomes a possibility, homeowners need to be aware of the legal help that can stop the process immediately. With Chapter 13, homeowners will be able to protect their rights and stop any collection activity.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is often referred to as a wage earner’s bankruptcy because there is a payment required each month. A person must have a reliable source of income coming in to ensure they can make their payments on time. The payments will be required through a restructured payment plan that must be submitted to the courts for approval.

When a person is going through the process of filing for bankruptcy, their lawyer will take over all the steps. The amount of paperwork that will be filed can be daunting and it is helpful knowing a lawyer is involved with ensuring every step is carried out to exacting specifications.

How to Get Started

If a person has done everything they can possibly do to settle their debt but has been unsuccessful, there is legal help available. To start the process, an individual first needs to schedule a consultation to determine if they are a good candidate for Chapter 13.

Once the lawyer has all the information supplied by their client, they will start the process of preparing the paperwork and ensuring their client is ready for the hearing before the judge. It will be up to the bankruptcy judge to determine if the individual will be approved.

The granted bankruptcy period will likely be between three to five years, depending on the types of debt the individual owes and how much income they have each month. If you are interested in learning more about bankruptcy, visit

They will be happy to help you by first scheduling a consultation appointment to get started. Allow them to assist you every step of the way to ensure your rights are protected.