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Chapter 13

Chapter 13 is the debt repayment chapter for individuals (including those who operate businesses as sole proprietorships) who have regular income, whose secured debts do not exceed certain figures that change from time to time as established by the bankruptcy code. Chapter 13 generally permits individuals to keep their property by repaying creditors out of their future disposable income (your total income minus expenses). It also draws distinctions between debt that is dischargeable and non-dischargeable, secured and unsecured. The chapter 13 debtor proposes a repayment plan which must be approved by the Bankruptcy Court. This feature allows you to satisfy your obligations while a Court protects you from creditors and foreclosure. Your payments go through a bankruptcy trustee, who then distributes your funds to your creditors.

This chapter allows you to keep your home, your car and wages. It also helps you bounce back to having a strong credit rating.

The Law Office of David A. Miller, PC focuses on the following forms of individual and commercial bankruptcy.