What is a Chapter 13 repayment plan?

Under Chapter 13 bankruptcy, debtors have an opportunity to create a repayment plan for all of their outstanding debts that is better suited to their financial situation than their previously-existing payment requirements. In a successful Chapter 13 filing, debtors will typically be able to pay back their debts over a 3-5 year period and secure a fresh, financial start.

For more information about Chapter 13 bankruptcy and the ways that a qualified attorney can help you overcome your financial difficulties, contact a Raleigh Chapter 13 bankruptcy lawyer at the Bradford Law Offices, PLLC by calling (919) 758-8879 today.