You've been laid off, or recently faced a medical issue, or had a family emergency – and now funds are tight. You may have missed the mortgage payment a couple of months in a row, and now the bank is threatening you with foreclosure – and you just don't have the cash on hand to catch back up. Does this sound eerily familiar? This is a story we hear often – and what many people don't know is that for situations where you are behind due to a short-term life event (unpaid maternity leave, illness, layoff, etc), filing a Chapter 13 Bankruptcy could stop that foreclosure, protect your assets and help you get back on your financial feet. A Chapter 13 Bankruptcy can be a really effective solution for individuals and families who are facing financial hardship, yet still have decent income. Unlike other forms of bankruptcy that eliminate most of your debt completely, with a Chapter 13 Bankruptcy you still pay some or all of your debt, but you will be able to do so in a way that is much easier on you financially.
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