Chapter 13 is the second most common type of bankruptcy, and you may have heard it referred to as the "debt reorganization bankruptcy." Under Chapter 13 you pay your disposable income into the bankruptcy for three to five years while retaining your property, and at the end you receive relief from your debts.
Chapter 13 can be used to save a home from foreclosure, pay substantial tax obligations, consolidate payments to creditors, and discharge divorce debts (Not including alimony and child support).
Chapter 13 bankruptcy is rarely easy, but here at Yellowstone Bankruptcy we strive to simplify the process and help clients avoid some legal traps that can prevent you from completing the case.
Contact Yellowstone Bankruptcy to converse with our attorney over the phone or in person at one of our law offices in Billings, Powell WY, or Bozeman.
Bret T. Allred is an experienced attorney who can explain your options.
Some of the advantages of a Chapter 13 bankruptcy,: