If your debt has got out of control, don’t let this be a burden to you. There are steps that you can take to get out of debt. One such way includes filing a Chapter 13 bankruptcy. By filing for Chapter 13, you can regain power of your financial status by acquiring a payment plan that fits nicely into your budget. Let’s take a close look at what a Chapter 13 bankruptcy can do for you.
- Protect your assets
- Eliminate interest, and in some cases all of it
- Help you stay in control of your assets
- Consolidate your debts into one monthly payment
- Eliminate junior mortgages
- Reduce your car payment
- Eliminate your unsecured debt
- Protect co-signers
- No liquidation