Filing Chapter 13 Bankruptcy

Those who want to consider filing chapter 13 bankruptcy should think about the following items. Those who may be behind on their mortgage payments or owe money to the IRS; if you have assets that you wish to protect and that would be liquidated under a chapter 7 plan; your disposable income is too high to qualify for a chapter 7 bankrupcty; if you need some relief from creditors yet wish to maintain the original payment plans with your creditors; you wish to leave chapter 7 bankruptcy as an option in the future; or if you have filed chapter 7 within the last six years, have a co-signor or have the capability to repay your indebtedness within three to five years.