We are affordable Columbus, Ohio Chapter 13 Bankruptcy Lawyers who offer free Chapter 13 consultations. Call now to set an appointment in our Columbus Chapter 13 Bankruptcy Office.
Local (614) 252-2300
Chapter 13 Bankruptcy is a form of bankruptcy where you pay back creditors according to a payment plan set up by our office. Unsecured creditors (credit cards, medical bills, utility bills, signature loans, etc.) receive a percentage of the debt owed and secured creditors (car loans, finance companies that have collateral. mobile homes loans, boats, furniture, jewelry, etc.) will receive 100% of the value of the collateral. Your monthly net income minus necessary monthly expenses helps us determine your Chapter 13 plan payment. Long term debts (such as mortgages) may be paid directly by you if you are current on your payments. If you are behind on your mortgage payments, your regular monthly payments and the mortgage arrearages must be paid through the Chapter 13 plan. Generally, a Chapter 13 Debtor will retain all of his/her possessions. A Debtor who would benefit from a Chapter 13 case is someone who owes income taxes, large mortgage arrearages, co-signed debts, student loans, back child support, etc. Also, a debtor that has assets that can be lost in a Chapter 7, may wish to file a Chapter 13.