Due to COVID-19, all cases can be filed without coming into our office. Everything can be handled over the phone or through zoom.
You are also welcome to come into our office to review your situation in person!

Important Chapter 13 Bankruptcy Tips


Chapter 13 Philadelphia Bankruptcy Tips

3 Important Tips About Chapter 13

Filing for Chapter 13 bankruptcy is an excellent way to reorganize your debt and catch up on missed payments. Unlike Chapter 7, with a Chapter 13 filing, you must pay back some of your debt through a repayment plan. Even though this lasts three to five years, when everything is said and done you will feel much better about your financial situation.

If Chapter 13 bankruptcy is on the horizon, here are three tips that will make the process less stressful:

Honesty is the Best Policy

When completing Chapter 13 bankruptcy paperwork, the thought of stretching the truth may begin to creep into your mind. Don’t let this be your downfall. It is important that you are 100 percent honest with all the information you supply. Be sure to disclose all your income, assets, expenses, and liabilities in an accurate manner.

Focus on the Repayment Plan

The last thing you want to do is propose a repayment plan that is going to put you under too much stress. Remember, you will not receive a Chapter 13 discharge until your repayment plan comes to an end. For this reason, you want to be sure that you can make every payment in full and on time.

Note: since there is a lot that goes into proposing a repayment plan, it is best to speak with a knowledgeable bankruptcy attorney.

Be open and honest with your bankruptcy trustee

Since your Chapter 13 bankruptcy repayment plan will last a minimum of three years, there is a good chance that your circumstances will change along the way. If this happens, it is a must that you get in touch with your trustee without delay. You have the right to request the court to modify your repayment plan. You may not get the outcome you want, but if your circumstances change, it is worth asking.


These are the types of Chapter 13 bankruptcy tips that are often times overlooked because a person is focused too much on the end result.

If you are confused as to which steps to take and unsure of what the future will bring, it is time to consult with an attorney. We have helped many people successfully file for Chapter 13 bankruptcy, and are here to assist you every step of the way.

To learn more, please download our free chapter 13 bankruptcy in Philadelphia report here.

Call Now Button