Chapter 13

Bankruptcy Glossary

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

Chapter 13.

Chapter 13 is a valuable tool that lets you catch up overdue mortgage or car payments, taxes and domestic support obligations. It also applies where you have the ability to repay some or all of your debts over time.

Under Chapter 13, you normally keep all of your property, both exempt and non-exempt, as long as you resume (or continue) making your regular payments on secured debts, and keep current under the repayment plan required by the bankruptcy laws. This plan may pay all of your debts, or just a portion; this will depend on your particular circumstances. A repayment plan can from three to five years.

After completing your plan payments, most balances of your unsecured debts are discharged, except for some things like taxes, student loans, support or other non-dischargeable debts.


1701 Scott Avenue Charlotte North Carolina 28203
phone: 704 / 377-0776
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The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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