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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Chapter 13 Bankruptcy

Chapter 13 Bankruptcy

December 23rd, 2011 | Add a Comment


Chapter 13 has some really fabulous uses. I discuss the technicalities at “CHAPTER 13-BANKRUPTCY” Here I am just discussing it generally, and it may be best to start at the other page and then come back here. Chapter 13 is a personal reorganization that works very cost effectively for those who have unsecured debt of less than $336900 and secured debt of less than $1010000. See “LIABILITIES” for a discussion of the differences in this type of debt. Chapter 13 can save your home if youve fallen behind on mortgage payments. It can strip off a completely unsecured second mortgage. It can stop interest and penalties on otherwise nondischargeable tax debt.

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