Individuals with higher income may want to consider Chapter 13 bankruptcy law, which provides for repayment of some or portions of their debt(s). Filing a Chapter 13 may help debtors save their home by stopping the foreclosure proceedings and allowing debtors to repay their mortgage arrears, enables individuals to repay non-dischargeable debts such as property taxes, alimony or child support debts over several years. An experienced bankruptcy attorney can often obtain a low percentage Chapter 13 payment plan, which ultimately helps to reorganize debts through a repayment plan. If you, your company, or someone you know is considering bankruptcy contact our office today for a free consultation.
A bankruptcy claim covers a vast area of categories relating to, but not limited to the following: