There are a number of bankruptcy codes which are of great aid for the individuals, family, business persons, enterprises and married couples. So there is the Chapter 13 bankruptcy which also goes by the name of wage earners plan. With the aid of this plan the individual who have regular income are aided to develop a plan which can help in the repayment of all or parts of their debts. The repayment plan involves making installments to creditors in a period of three to five years. The tenure is three years if the current monthly income of the debtor is less than the applicable state median. However if the debtor monthly income is more than the applicable state median the tenure can go up to the five year span. However the five year tenure cannot be crossed, no matter what situation comes forward. Again in the entire tenure the law does not allow the creditor to pursue the collection.
There are certain eligibility criteria for the applicability of Chapter 13. These are as follows:-
• If an individual is self employed or is a part of unincorporated business and if the unsecured debts are less than $ 383,175, then the individual is eligible for the relief under Chapter 13. However the secured debts should not be more than $ 1,149,525. And again these values are subjected to change.
• Also if a petition of the individual has been dismissed during the preceding 180 days he or she is not eligible for the same or any other bankruptcy plan.
Once again the filing of the same requires the legal services, thus there is provision of the Affordable Chapter 13 legal services. In here you can take the aid of pre bono attorneys. This can be pursued with the aid of local service in your area. Then there are the options of credit counseling which can be considered with ease.

Related Posts
How to get affordable legal services?
Life is beautiful until and unless you get into some sort of medical or social or personal or legal problems. When any of such problems come across, the first impact ...
READ MORE
How to file for Bankruptcy ?
If you are one of such victim facing huge debt, and searching information desperately for the processes of "How to file for bankruptcy ? ", you are about to find ...
READ MORE
Decide when you should file a lawsuit?
Before deciding to file a lawsuit, here are important things you should consider. First, determine if you have a good case. Reflect if you can accept compromise settlement, or if ...
READ MORE
All about affordable lawyer fees
Even when you want to consider the world as a beautiful place to live there happens the bad all the time. There are accidents; property disputes; divorces; abductions; killing and ...
READ MORE
How to get affordable personal injury lawyer
Injuries can happen to anyone, anytime and even when you hate to think about it there is the probability that even right now you might be a bearer of the ...
READ MORE
Consumer Rights Law
Consumer Rights Law is a legal area that covers a large body of laws passed by the government to protect consumers by regulating many of the following business transactions and ...
READ MORE
Why to discuss your legal issue with multiple lawyers ?
Cases vary in issues, facts and remedies. Some of them are intertwined with other cases or an offshoot of one issue. Others file cases which are simply asking for clarification ...
READ MORE
Law and order
Law and order are the two most important aspects for a nation to grow.There are different types of laws.Federal laws apply to everyone whereas State and Local laws apply to people ...
READ MORE
Corporations and S Corporations vs. LLCs
How do you want your business to be structured? Do you want it to be a Limited Liability Corporation (LLC) or an S Corp (based on the subsection S of ...
READ MORE
How to get workers compensation lawyer
For those of you who are in job need to have a clear idea about what you as an employee are liable for. And by this aspect it does not ...
READ MORE
How to get affordable legal services?
How to file for Bankruptcy ?
Decide when you should file a lawsuit?
All about affordable lawyer fees
How to get affordable personal injury lawyer
Consumer Rights Law
Why to discuss your legal issue with multiple
Law and order
Corporations and S Corporations vs. LLCs
How to get workers compensation lawyer