Chapter 13 Bankruptcy

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is designed for individuals with regular income who choose to pay all or some of their debt in monthly installments over a three to five year period.

You make one payment to the bankruptcy trustee, who distributes the funds to your creditors. After you complete the installment payments, you receive a discharge of the remaining balances on your debts.

Why would a debtor choose to undertake a chapter 13 plan and to make partial repayment to their creditors over 3 to 5 years instead of just discharging their debts without any payment in a chapter 7? There are many reasons, including, that a debtor makes too much money to file a chapter 7, that the debtor wants to keep an asset that he or she would lose in a chapter 7 bankruptcy, or that the debtor has non-dischargeable debts like taxes or back child support that the debtor needs to pay off in affordable monthly installments.

Why Should You Choose Steven Shareff?

Over 25 years of experience in representing bankruptcy clients, affordable fees, and personal attention and care is what separates Steven from other bankruptcy firms.

  • Free Initial Consultation
  • Evening Hours
  • Weekend Hours
  • Hours by Appointment
  • 25 Years Experience
  • Affordable Legal Care
  • Stop Lawsuits, Garnishments
  • Stop Foreclosure
  • Simple Flat Fee
  • You Will Speak To an Attorney Right Away.
  • Virginia State Bar
  • NACBA Member