What’s Part 13 Personal Bankruptcy? Part 13 personal bankruptcy, also called a wage earner’s program, are a court-approved process that lets you create a payment plan to include most or all of your loans during the period of three to five many years.

Through this process, you’ll be able to shield your property from property foreclosure. To increase qualification for section 13 bankruptcy proceeding, your secured and unsecured debt has to be less than specific amount, among some other requirement. To determine if declaring Chapter 13 bankruptcy proceeding will be the correct step for you, an effective starting point is check with a monetary expert. Continue reading