Chapter 13 Bankruptcy
Chapter 13 Bankruptcy in Cleveland, Ohio
An individual(s) single or married filing jointly can file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. A Chapter 13 bankruptcy can provide an avenue to save secured property such as your house, automobile, household goods and furnishings, and investment property from foreclosure. Chapter 13 can also help with your tax problems. For example, if you are behind on your home mortgage payments we can file Chapter 13 and create a payment plan that will bring you current with the lender when the Chapter 13 is discharged. If you are behind with your auto payments we can file a Chapter 13 bankruptcy to pay the lender through the plan and prevent a repossession, have an auto returned after a repossession, and if the auto was purchased over 910 day when the bankruptcy was filed and it is now worth less than the money owed a cram down. With a cram down you are usually paying less for the auto than the contract price.
With a Chapter 13 Bankruptcy you can deal with your IRS, State, or Local debts by paying the priority tax debt through a payment plan and discharging the unsecured tax debt.