Making the decision to file for Chapter 13 bankruptcy is not easy. It will impact your credit, your personal and business reputation, and even your self-image. On the other hand, it can greatly improve your quality of life in the short-term as the persistent letters and calls from debt collectors stop. In Chapter 13 bankruptcy, you make an agreement to pay back your debts in part or full over a

Bankruptcy protection is often utilized to stop foreclosure and provide the debtor an opportunity to restructure mortgage arrears on affordable repayment terms. When debtors fall behind on their mortgage, the bank usually insists upon upfront repayment of ALL past due mortgage arrears, or repayment over a very brief window of time – two to three months. This financial predicament is usually impossible for the debtor who wants to save its