How to file chapter 13 bankruptcy involves a process of determining if you're eligible. Then, the preparation of the petition and schedules occurs. You must come up with an appropriate repayment plan for your debts that the chapter 13 trustee accepts.

Once the trustee accepts the payment plan, you make payments directly to the trustee. The trustee distributes payments to the creditors. As a chapter 13 debtor, you keep your home, your vehicle, and other belongings while you pay off your debts.

One of the biggest differences between chapter 7 and chapter 13 involves home ownership. If you own a home and foreclosure is a concern, a chapter 13 may allow you to save your home, since repaying what you owe is worked into your payment plan.



If you have a regular income of some kind and have unsecured debt of $400,000 or less, call the Law Offices of B David Sisson now for your free phone consultation: 405-447-2521!