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About Chapter 13 Bankruptcy

You might need to file under the Chapter 13 bankruptcy code because you make too much money to qualify for a Chapter 7.  The 2005 Bankruptcy Act now makes it more difficult for people with higher incomes to liquidate their debts in bankruptcy. For example, if you live in a household of four people and earn a net income of $90,900.00 or more, you might not qualify to file the Chapter 7 bankruptcy code. There is a sliding scale depending on household size.

Even if you financially qualify for a Chapter 7 bankruptcy, you might choose to file a Chapter 13 bankruptcy because it will allow you to:

Common Chapter 13 Bankruptcy Questions

How does a Chapter 13 Bankruptcy work?
How long do these payment plans last?
What if my Chapter 13 bankruptcy plan fails?
How much do I have to pay an attorney to file a Chapter 13 bankruptcy?
What is the process in filing a Chapter 13 bankruptcy petition?
What is a Bankruptcy Trustee?
Do you ever need to appear in front of a judge?
What if I can’t make payments on my Chapter 13 bankruptcy plan?