Is Chapter 13 right for you?

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 Posted February 17th, 2015 under Bankruptcy and Taxes

Determine if chapter 13 is the right bankruptcy option.

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Chapter 13 is an alternative to chapter 7, and is designed for people with a regular income, who want to pay off their debts, but need a certain amount of time to do so. In chapter 13, debtors repay their creditors either in full, or in part, over a period of up to three years. In some cases, you could repay your creditors over five years. Anyone can apply for chapter 13 bankruptcy if their debts are less than $269,750, and their secured debts are less than $807,750. However, corporations, partnerships, and those who have had a bankruptcy petition dismissed in the past 180 days cannot file under chapter 13.

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If you are thinking about #bankruptcy in the Jacksonville, Florida area, you should call attorney David Pinkston. David is very experienced with all aspects of bankruptcy law yet very personable and easy to talk to. Call Us Today! 904.306.5791


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