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
When you are renting a property, you must have a sense of good stewardship. Tenants have rights as well as responsibilities during a tenancy agreement. These things should be respected ...
READ MORE
How to get accident injury claim
Accidents happen in life suddenly. They have the capacity to completely destroy your life. First there is the mental trauma it leads to and then there is loads of medical ...
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
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
a lawyer in his office showing a document with the text lawsuit written in it
Ultimately, if you are really sure that will win, then go ahead and file the lawsuit. Good Case You must make sure that you have a good case before deciding to file ...
READ MORE
Divorce Reasons
People say that love is blind, so it is not a surprise that people do crazy things when in love. However when you have a look at the number of ...
READ MORE
How copyright work
The term copyright is not a novel term. However still here are many who have no idea about how copyright work? If you are one of those who are in ...
READ MORE
Different Investment Property Purchasing Options
There are various ways for buying a real estate investment property. You can buy it under your name. If you want anonymity and protection from liability, you can buy under ...
READ MORE
hire a lawyer
Life is complicated as they say. And there are times that we will be in a situation where our position or transaction involves legal issues. When confronted with this scenario, ...
READ MORE
Contact Affordable Lawyer
Tenant Rights and Responsibilities
How to get accident injury claim
Decide when you should file a lawsuit?
How to get workers compensation lawyer
Decide When You Should File A Lawsuit
Divorce Reasons
How copyright work
Different Investment Property Purchasing Options
Do I need a lawyer or not?