Chapter 13 Bankruptcy

A more in-depth process than Chapter 7, Chapter 13 is a viable options in many situations, especially for those individuals who are gainfully employed but have excessive lapses on payments to creditors. Chapter 13 can be a means of stopping home foreclosures. By paying your mortgage after filing for Chapter 13 bankruptcy, you may be able to pay back payments over 3-5 years.

Our knowledgeable bankruptcy attorneys can help you determine if this is the best option for you and assess your overall financial options.

Those who file for Chapter 13 “wage earner” bankruptcy, also consider these other reasons:
  • Protect specific assets otherwise forfeited in Chapter 7
  • Income levels preventing you from passing the means test mandatory in Chapter 7
  • Allows time to catch up on back taxes, family support, or other un-discharged debts
  • Filing for Chapter 7 Bankruptcy within the last 8 years

Who Can File a Chapter 13?

Any Individual or married Couple can file a Chapter 13 so long as they meet some basic requirements. First and foremost, they must be able to fund a Chapter 13 plan. This means that after all of the basic living expenses of the Debtor are paid, there is money left over to pay a Chapter 13 plan. If the Debtor does not have enough remaining funds to pay the Chapter 13 Plan, the Case will not continue. Secondly, if the Debtor received a Discharge in a prior Chapter 13, they must wait 4 years after the date of the prior filing before they are eligible to receive a Discharge in a new Chapter 13. If you are thinking of filing a Chapter 13, it is strongly suggested that you contact one of our Attorneys.

4807 Rockside Road, Suite 400
Independence, Ohio 44131

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Bankruptcy May
Be An Option
Chapter 7 &
Chapter 13 Stops
We are a debt relief agency.  We help people file for bankruptcy relief under the bankruptcy code.
Blomgren & Bobka Co., L.P.A.
4807 Rockside Road Suite 400
Independence, Ohio 44131

phone: 216-622-1234
fax: 216-642-8296

Visit us on Facebook

Business Hours:
Monday - Friday: 9:00am - 5:00pm
Weekends By Appointment