Why Choose Chapter 13?

With the help of a Chapter 13 bankruptcy plan, you are able to repay creditors through a repayment plan that typically lasts three to five years.

You will feel much better once you come out the other side, as your debt will be cleared and you are able to move forward with your finances in order.

While many people understand the benefits of a Chapter 13 bankruptcy plan, others shy away from this because they believe Chapter 7 is the better option.

Here are several reasons why you should consider Chapter 13:

You don’t qualify for Chapter 7

If you have too much money, Chapter 7 is out of the question. But just because you cannot move forward with that type of filing does not mean you are left out in the cold. Chapter 13 may be considered a “plan B” for some, but it is still effective.

You realize that paying your creditors is the right thing to do.

With Chapter 13 bankruptcy, you will pay back your creditors through a repayment plan. This is in contrast to a Chapter 7 filing in which some or all of your debt is discharged.

If you have a moral desire to do the right thing, this is the way to go.

You are tired of running from creditors and worrying about what the future holds.

Are you hoping to put all the collection efforts in the past? Are you tired of thinking about when the next phone call from a creditor will come? If you find yourself in this position, a Chapter 13 bankruptcy plan will put an end to all of this. Once you file, you will feel the weight come off your shoulders.

If you live in the Philadelphia area and feel that this is the best way to get your financial life back in order, contact us at your earliest convenience. We have helped many people file a Chapter 13 bankruptcy plan in the past, and are here to answer your questions and address your concerns.