What is Chapter 13 Bankruptcy? The Three Facts You Need to Know

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What are the different types of bankruptcy

What is Chapter 13 bankruptcy?

Chapter 13 bankruptcy is a way for people to climb back out of unmanageable debt with the help of a Chapter 13 bankruptcy attorney and the bankruptcy court. It’s second only to Chapter 7 bankruptcy as the most common form of bankruptcy — in 2013, approximately 333,626 filed Chapter 13 bankruptcy.

But how can you tell if this form of bankruptcy is the right choice for you and your unique financial needs? What makes it different from Chapter 7 or even Chapter 11 bankruptcy?

Whether you’re new to the Continue Reading No Comments