Is chapter 13 bankruptcy always a good alternative? 2 Answers as of August 16, 2010
If I do not qualify for chapter 7 bankruptcy, will I definitely qualify for chapter 13? Someone told me that if you cannot file for chapter 7 then chapter 13 is almost always the next best option and that they usually let you file.Free Case Evaluation by a Local Lawyer!
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Law Offices of Juan Dotson | Juan Dotson
You should make an appointment to consult with an attorney about your ability to pay back debts. Chapter 13 bankruptcy requires the debtor to make bankruptcy plan payments toward their debts for 3 or 5 years. Depending on your circumstances, you could pay from 0% to 100% of your debt back over a period of time while you protect your secured assets from being taken by creditors.
Answer Applies to: California
Replied: 8/10/2010
Diefer Law Group, P.C. | Abel Fernandez
Yes, chapter 13 can be a great alternative to chapter 7 bankruptcy. For more information, please call me.
Answer Applies to: California
Replied: 8/10/2010
