Should I File Chapter 13?

An individual that has the desire to pay their creditors but does not have the means, may be an ideal candidate for a Chapter 13 repayment plan. Chapter 13 was created for this debtor in mind. In this scenario, a debtor is able to pay some or all of his creditors on better repayment terms. These terms are agreed upon by the debtor, creditors, trustee and bankruptcy court, which allow both the debtor and creditors to be satisfied.

Bankruptcy is not a “get out of jail free” card for individuals who do not desire to pay their debts. Each year it allows millions of Americans to get on solid financial footing. The Fears | Nachawati Law Firm has handled numerous Chapter 13 cases and would welcome the opportunity to represent you.