"Is Chapter 13 Worth It"
If you're considering filing for Chapter 13 bankruptcy, you're probably wondering if it's worth it. After all, it's a big decision with a lot of consequences.
Here's a quick overview of what Chapter 13 bankruptcy is and how it works. Then we'll dive into whether or not it's worth it for you.
Chapter 13 bankruptcy is also known as reorganization bankruptcy. It allows debtors to repay their creditors over a period of time, usually three to five years.
During that time, the debtor makes monthly payments to a trustee who then distributes the funds to the creditors. Creditors are typically only repaid a portion of what they're owed, but they're not allowed to take any further action against the debtor during the repayment period.
So, is Chapter 13 worth it? That depends on your individual situation.
The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
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