Chapter 13 is used to stop foreclose on your home. Chapter 13 is a bill consolidation or reorganization. You can file a chapter 13 case if your home is in foreclosure. You can file chapter 13 if you owe past due taxes. Chapter 13 is designed to provide you with the time to propose a repayment plan. A Chapter 13 bankruptcy is designed to provide you with time to repay past due house payments to avoid foreclosure of your home. Chapter 13 is designed to provide you with time to reorganize a small business or to reorganize a self-employed person.
Chapter 13 is designed to allow you to propose a plan to repay creditors over a period of time from 36 to 60 months. As long as you make your monthly plan payment, you are protected by the court from your creditors.
Chapter 13 is available to individuals with employment, to individuals who are self-employed, and to small business owners.