Chapter 13

How do I qualify for a Chapter 13?

Putting together the information for a Chapter 13 and the steps you need to take as far as credit counseling, etc. that you need to do for a Chapter 7 are much the same in a Chapter 13. You should download the document package at the link provided, view the movie, gather the documentation, fill out the workbook, start the credit counseling part of it and call our office to schedule a consultation. You need to have a regular and stable source of income that gives you enough disposable income in order to fund a plan payment. In other words, there must be enough money left over at the end of the month after you've paid your basic, necessary and reasonable living expenses to have some funds available to pay into the Chapter 13 Trustee every month. There's no set formula for that-every case is different and we will help you figure that out. Chapter 13 can be a very viable solution to your debt problems and while it is a more complicated case due to the reorganization and repayment of the debt over a significant period of time it is a very effective and useful tool to help resolve difficult debt issues.