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Scared to answer the phone (or even open the mail) because you're behind on your mortgage, taxes or other bills? Are creditors threatening foreclosure or repossession?
Here's the answer!
Get out of debt without losing your property
Stop mounting fees and interest
Design an affordable repayment plan
Stop garnishments, attachments and foreclosure
Make a new start
If you're at risk of losing property, or if you have overwhelming debts that can't be eliminated in Chapter 7 bankruptcy, Chapter 13 can offer a solution. It enables you to reorganize your debts into a repayment plan you can afford, without losing any property.
In this compassionate and comprehensive guide, personal finance experts Robin Leonard takes you through the entire Chapter 13 process, step by step, and shows you how to:
determine if you qualify for Chapter 13 bankruptcy
calculate the total amount of your debts and income
complete the official bankruptcy forms
devise a Chapter 13 repayment plan
file your forms with the bankruptcy court
stop a house foreclosure, make up missed mortgage payments and get back on track
pay off your tax debt
pay off your student loan, child support or alimony arrears
modify your plan when problems come up
represent yourself in bankruptcy court
deal with unexpected changes such as new debt, missed payments, loss of income
The 5th edition, completely updated and revised, shows you how to value collateral and choose an interest rate when writing a bankruptcy plan. It also contains the latest forms and sample letters to creditors, as well as all the forms and instructions necessary to file for Chapter 13 bankruptcy.
This book covers bankruptcies that seek repayment of personal debt under Chapter 13 of the U.S. Bankruptcy code. It does not cover cancellation of debt (Chapter 7) or business or farm bankruptcies. For Individual Chapter 7 bankruptcy, see Nolo's How to File for Chapter 7 Bankruptcy.