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Chapter 13 Bankruptcy


What is Chapter 13 Bankruptcy?

In a chapter 13 bankruptcy, the debtor is permitted to retain the debtor’s assets. However, the debtor must re-structure and re-pay a certain amount of the debts to the creditors, typically over a period of 3 to 5 years. A re-payment plan must be approved by the Bankruptcy Court. Payments made by the debtor under the re-payment plan are made to the trustee who then distributes the funds to the debtor’s creditors. Chapter 13 bankruptcy can be a good way to eliminate certain debts and to retain certain assets.


CONTACT US today to schedule your FREE and CONFIDENTIAL consultation with one of our New Tampa Bankruptcy Attorneys! Our offices are located in Tampa Palms and are convenient to Wesley Chapel, Lutz, and all of Hillsborough and Pasco counties.

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