Who should file a Chapter 13 Bankruptcy?

A Chapter 13 Bankruptcy allows you to pay your secured debt and some percentage of your unsecured debt over a period of time not to exceed 60 months.  In some instances you may not pay anything to unsecured creditors. There are several reasons why you may need or want to file a Chapter 13 Bankruptcy. One of Dailey Law Offices’ Columbus Bankruptcy Lawyers will discuss these reasons with you at your free initial consultation. If your gross household income is over a certain amount for your family household size then you will need to file a Chapter 13. If you are in arrearages on your mortgage payments and you want to keep your home then you will need to file a 13, even if your income qualifies you to file a Chapter 7.

Once one of Dailey Law Offices’ Columbus Bankruptcy Lawyers determines that you need to file a Chapter 13 a payment plan will be calculated and proposed to the trustee. The payment plan is based on the greater of either your disposable income or what your unsecured creditors would have received had you filed a Chapter 7 Bankruptcy. You will be able to retain all of your property and can include tax debt in your plan payments.

Dailey Law Offices’ Columbus Bankruptcy Lawyers act quickly and aggressively to ensure that a feasible Chapter 13 Plan is confirmed.

Contact Dailey Law Offices today to speak with an experienced Columbus Bankruptcy Lawyer who can assist you in formulating a feasible plan that will allow you to free yourself from your debt.