A Chapter 13 bankruptcy, also referred to as a "wage-earner" plan, works well for consumers with mostly secured debt. Chapter 13 is called a wage-earner plan because you must have a source of income to qualify for Chapter 13 relief. Under Chapter 13, you will be able to keep your secured property, such as mortgaged homes and financed cars, and the court will establish a time frame, usually five years, during which you will make agreed upon payments to your creditors. At the end of the agreed upon time frame, any remaining debt will usually be discharged. If you are earning money but you are unable to make minimum monthly payments on your debt, Chapter 13 could provide the relief and protection you need.

A Chapter 13 filing will immediately stop creditor harassment and legal action.

WARNING: If your creditors are suing you and you have received a summons and complaint, you must respond in a timely manner or you will suffer a default judgment that may not be removable in bankruptcy. You should consult an experienced personal bankruptcy lawyer immediately.

Visit our Bankruptcy section to learn more.

Contact us anytime to schedule a FREE CONSULTATION with an experienced Chapter 13 attorney. (864) 222-0200

Serving the greater Anderson, South Carolina metro area, including Oconee, Pickens, and Greenville, South Carolina.