Only those with a sufficient amount of income can be eligible for the repayment plan of the court.
Most commonly, the idea most people have when bankruptcy is spoken of is that a judge or a judge orders the severance of a person’s assets and leaves them with little to none. That is, however, commonplace for chapter 7 bankruptcy. Chapter 13 bankruptcy is a way to provide relief to those who are overwhelmed with debt and will require your seeking the help of Chapter 13 bankruptcy lawyers.
Concerning chapter 13 bankruptcy, the person has the opportunity to avoid bankruptcy by changing the dates of their repayments to creditors. The whole process brings together the person’s debts into one unified repayment plan and also barrs creditors from contacting the per. The filing of a chapter 13 bankruptcy would require you to file with the information for your state of residence or the location where your company is in. You will also have to give your financial statement and a list of all your debt obligations to creditors. p3ums9o9bg.