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Chapter 13 Bankruptcy Reorganization Attorneys

This is the second most common type of bankruptcy filed in the United States, with roughly 38% of bankruptcy cases falling under this chapter. It is often referred to as a restructuring or reorganization bankruptcy. Unlike the short duration of a Chapter 7 case, a Chapter 13 typically takes between 36 and 60 months to complete.

In this type of bankruptcy, the individual is required to make monthly payments to a trustee, who then distributes the funds according to a plan developed with your attorney. Chapter 13 is not just for individuals who do not qualify for Chapter 7. Despite a common misconception, you are not required to pay creditors in full.

Chapter 13 allows you to do several things that are not available in Chapter 7, including but not limited to: reinstating a mortgage to avoid foreclosure and loss of your home, paying off vehicles under restructured terms, retaining property that would otherwise be lost in Chapter 7, and, in some cases, eliminating second mortgages.

A Chapter 13 bankruptcy also provides a broader discharge than Chapter 7, allowing you to eliminate certain debts that may not be dischargeable in a Chapter 7 case.

ITEMS TO BE PROVIDED FOR YOUR CASE

THESE NEED TO BE SUBMITTED EITHER VIA PDF FORMAT OR IN OFFICE TO BE SCANNED TO PDF FORMAT

CHAPTER 13 CLIENTS:

  • Federal & State tax returns filed last four years
    • If you do not have complete copies please obtain copies at:
    • Please let us know if you are not required to file taxes.
  • 6 months of current pay stubs or payroll summary
    • The summary should show all deductions withheld from gross pay
    • You will be required to keep our office current with all paystubs.
    • You will be required to turn over paystubs after filing.
  • 90 days of current bank statements prior to the date of filing
    • Additional statements will be required after filing. You are required to turn over the statement that covers your filing date.
  • 90 days of online bank statements prior to the date of filing
    • PayPal, Venmo, cash app, etc.
    • Additional statements will be required after filing. You are required to turn over the statement that covers your filing date.
  • Domestic Support Obligation
    • If you pay support to anyone
    • This will include information like name, address, phone # of who you pay along with amount paid and frequency.
  • Homeowners, auto and life insurance
    • list all beneficiaries and cash value on life insurance policies
  • Divorce, separation or child support information
    • Including case information/documentation
  • 401K, IRA or any Pension and Retirement statements for the most recent quarter prior to filing
    • Including loans taken from retirement savings accounts
  • List of all debts –all debts that may not be on the credit reports
    • List all debts including:
      • Debts you intend to continue to pay after filing.
      • Debts owed to family members.
      • Debts owed for taxes and student loans.
  • Certificate of Credit Counseling
    • We will provide you with the information to complete this once your case is ready to be filed.
    • You will need to take a class after filing from the same provider.
  • Driver’s license and SS Card
    • Make sure this is clear; it must be readable when uploaded
    • You may send a picture of this.