Understanding Chapter 13 Bankruptcy

For people who are struggling with debt, and wish to achieve debt relief and save their homes from foreclosure, Chapter 13 may be a viable option.

At the law office of Jeffrey L. Hill, P.C., we can help you determine if Chapter 13 bankruptcy or another type of bankruptcy is right for you. If you do not qualify for Chapter 7 bankruptcy, Chapter 13 may be right for you.

Our office is located in Bankruptcy, Colorado, and we represent clients in Aurora, Centennial and surrounding communities. Please complete our online contact form to schedule a time to meet with our attorney.

How Does Chapter 13 Bankruptcy Work?

In Chapter 13 bankruptcy, a repayment plan is established that spans a period of three or five years. Most people who file Chapter 13 bankruptcy pay back far less than what they owe. This is allowed by law and is an integral part of the Chapter 13 bankruptcy process.

The Benefits Of Filing Chapter 13 Bankruptcy

One benefit of filing Chapter 13 over Chapter 7 bankruptcy is that Chapter 13 bankruptcy stays on your credit report for a period of seven years instead of 10 years. Another benefit to filing Chapter 13 bankruptcy is that it allows you to avoid home foreclosure.

If it has been less than 8 years since you have previously filed a Chapter 7 bankruptcy and you find yourself in a financial dilemma, talk to our lawyer about the Chapter 13 option, as a Chapter 13 filing may be a viable option for you.

Contact Us To Schedule Your Free Initial Consultation

To schedule a free initial consultation, where we can answer your questions about the bankruptcy process, please call us at 303-800-7214.

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Jeffrey L. Hill, P.C. is a debt relief agency, we provide bankruptcy assistance to individuals and companies as defined by 11 U.S.C. Section 110.