Advantages of Declaring a Chapter 13 Bankruptcy

Chapter 13 bankruptcies can be complicated processes. A Chapter 13 bankruptcy allows you time to reorganize your debts while at the same time retaining your assets. The payment process consists of a schedule of monthly payments that are made to the court over the course of a three-to-five-year period. This allows your creditors to receive the money you owe them in monthly installments.Read the full article