Rapid Relief For Debt-Strapped Pennsylvanians
Also referred to as a "wage-earner" plan, Chapter 13 allows you to repay your debts according to a court-approved repayment plan over a three- to five-year period. Under Chapter 13, you make one payment to your trustee, who is then responsible for distributing the funds to your creditors.
Like Chapter 7, Chapter 13 triggers an instant automatic stay — a warning from the courts that you have filed for Chapter 13 and that no efforts may be made to collect on your debts while your case is in process.
Like Chapter 7, Chapter 13 allows for the discharge of some unsecured debt such as medical bills and credit card debt.
Unlike Chapter 7, Chapter 13 has the power to stop foreclosure in its tracks, provided it is invoked prior to the sale of your home.
Unlike Chapter 7, Chapter 13 does not relieve you of responsibility for paying your secured debts. You will have to make monthly payments to your trustee for three to five years. You may have to pay back a portion of your unsecured debt as well.
There are many differences between the two chapters, along with unique features and requirements of Chapter 13. Our lawyers will lay out a course of action for you, will do most of the application work for you and will keep you up to date as your case progresses.
Contact Our Stroudsburg Office To Discuss An Affordable Payment Reschedule
Contact our office today to discuss your bankruptcy issues with our experienced Stroudsburg Chapter 13 bankruptcy lawyers. We are available 9 a.m. to 5 p.m. weekdays and by appointment. Call us at 570-234-0344, toll free at 800-506-0191 or communicate via email to schedule an initial explanatory consultation with an attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.