Virginia Beach Bankruptcy Lawyer

Affordable Representation for Bankruptcy and Debt Management

What is a chapter 13 bankruptcy?

Chapter 13 is one method under the Bankruptcy Code to obtain relief from your creditors while at the same time providing a fair means to pay them back as much as you can. It allows you to keep some or all of your property during the time you are paying your creditors back and it permits you to modify some contract payments and interest rates. Your chapter 13 plan can eliminate certain late charges and penalties and allows you to extend payments on some of your debts. chapter 13 has gained widespread acceptance across the country as an attractive alternative to chapter 7 bankruptcy.