Eleven Reasons to Choose Filing Chapter 13

11 Reasons for Chapter 13

1. Catch up on back mortgage payments at 0% interest.
2. Catch up on car loan payments and repay vehicles loans at low interest rates.
3.  “Cram down” the loan on a vehicle or other property purchased more than two and 1/2 years ago to its fair market value.
4. Recover recently repossessed vehicles and repay the loan at low interest rates over time.
5. Strip off your underwater 2nd or 3rd mortgages.
6. Discharge property settlement obligations from a divorce decree.
7. Repay recent tax debts and back child support over time.
8. Protect non-exempt property at risk in a Chapter 7.
9. Repay private student loans on your own terms.
10. Protect co-debtors on loans being repaid in full through the Chapter 13 from further debt collection.
11. Retain the ability to pursue prepetition claims against creditors for unfair debt collection or consumer fraud.

Contact us if you want to discuss these aspects of Chapter 13 more.