Chapter 13 bankruptcy is referred as an adjustment of debts petition. This option will apply if you make a decent living and have fallen behind on secured debts - like house payments. This type of bankruptcy gives you a chance to catch up on the payments you owe. If all of these are discharged, you won't have to pay any of them after bankruptcy proceedings. Taxes, student loans, and child support are the payments that are extremely difficult to have discharged. Now-a-days you can file a petition online, within your local district. This option is very convenient. Without an attorney the process can be daunting, and you have to do it in person.
Tuesday, April 22, 2008
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