What is the Chapter 13 repayment plan?
If you file for bankruptcy under Chapter 13, you will need to submit a repayment plan. This is a document outlining how you will repay your creditors, including how often you will make payments and how much each one will be. Your plan may be for three or five years, and it must be approved by the judge overseeing your case and your creditors.
If you qualify for Chapter 13 bankruptcy, it can be an effective way to repay your creditors and start over with a clean slate. To learn more, contact the Milwaukee Chapter 13 bankruptcy attorneys of the DeLadurantey Law Office, LLC at 414-377-0518.