Bankruptcy: Chapter 13

Chapter 13 bankruptcy – or the “wage earner’s plan”, was set up to allow an individual with a regular income to make up a plan to repay his/her debts, in monthly installments. Even if this sounds like a good plan, it’s best if you look at it as a last resort. There are ways to avoid chapter 13 bankruptcy by carefully managing your debt and seeking professional help. The best solution out there for you is to find a debt counseling agency. A non-profit organization with a clear privacy policy and a wide range of services is what you should be looking for. Look around until...