Ronald Wilcox, Esq.
Bankruptcy-Debt Relief Attorney
(408) 296-0400
2160 The Alameda
First Floor, Suite F
San Jose, CA 95126
Question # 16:
What is a Chapter 13 reorganization?
A chapter 13 is a type of bankruptcy where you reorganize
your finances and repay some, or all, of your debts over
time.
Many
times a a chapter 13 bankruptcy is more appropriate than a
chapter 7. Generally, you would make one monthly payment to a
trustee, who would then repay some, or all of your debt, over a
period of time. It's sort of like a consumer counseling or debt
repayment plan, but usually with more teeth, since you may still
be able to discharge some of your debt. A chapter 13 may be
very helpful in you need to repay mortgage arrears over time, or
repay or restructure some tax debts you could not discharge in
chapter 7, or for several other reasons. Since chapter 13 plans
require careful planning it is best to personally meet with a
qualified debt relief - bankruptcy attorney to find out more
about how a chapter 13 reorganization may help you!
By an act of the United States Congress,
I am a debt relief agent helping people file for bankruptcy and/or
protecting them from collection agency harassment. The determination of the need for legal services, or
debt relief services, and the choice of a lawyer are extremely
important decisions and should not be based solely upon advertisements. Law changes from place to place and time
to time. This website is not and is not intended to be an
advertisement outside the state of California. This website is helpful, but is not meant to be legal advice.
Thus, it is not a substitute for meeting with an attorney and
obtaining specific legal advice. No
attorney client relationship has or will be established with Attorney
Ronald Wilcox unless and until a written retainer agreement has been
executed. Ronald Wilcox is admitted in California.
For the most part, this web site only discusses chapter 7 bankruptcy. When the word
"bankruptcy" is used in this web site, it is only referring to chapter
7 bankruptcy. There are other chapters of bankruptcy. These other
chapters may be better for you depending on your particular
circumstances. The chapter you choose to file has many consequences.
To determine which chapter is best in your situation, you should speak
with a qualified bankruptcy attorney.
