“How Does Chapter 13 Bankruptcy Work? A Guide to Debt Reorganization and Repayment”

Chapter 13 bankruptcy is a debt reorganization plan that allows you to repay your debt over a three to five-year period through an affordable monthly payment. The payment is based on your disposable income (income minus expenses) and the value of your assets. Creditors must be repaid at least as much as they would if your assets were liquidated under Chapter 7. Attorney David Siegel will help you understand your repayment plan and guide you through the process.