Janvier Law Firm, PLLC

Posts tagged "Chapter 13 Bankruptcy"

Can Chapter 13 bankruptcy help with foreclosure?

Personal bankruptcy options can help with the many concerns those facing overwhelming debt face. Those with overwhelming debt are also likely facing a significant amount of stress related to their debts, especially if they are facing the foreclosure process and the prospect of losing their family home.

How Chapter 13 bankruptcy may be able to help you

Chapter 13 bankruptcy is a personal bankruptcy option that allows the filing party to repay creditors according to a repayment plan developed with the help of the bankruptcy court. It differs from Chapter 7 personal bankruptcy because it does not involve the liquidation of assets but it is also important to keep in mind that it helps the filing party reorganize their debts so the amount they have to repay will also be worked out with the help of the bankruptcy court.

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