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Chapter 13

Pay Off Your Debts With Chapter 13 Bankruptcy


Most people only think of bankruptcy as a process in which you go to court and get your debts erased. But in fact, there are two types of consumer bankruptcies: The more familiar liquidation bankruptcy, where your qualifying debts are discharged through Chapter 7.  A Chapter 13 and reorganization bankruptcy, you may choose to partially or fully repay your debts. Reorganization bankruptcy for individuals is a Chapter 13 bankruptcy, while a Chapter 11 is for large businesses and individuals with extremely large amounts of debt. Chapter 12, is for family farmers.) These numbers come from the chapters of the federal Bankruptcy Code.

Chapter 13 bankruptcy can give you a chance to rearrange your financial affairs and repay a portion of your debts. Through a "Chapter 13 plan." Under a typical plan, you make periodic payments to the Chapter 13 trustee for three to five years. The bankruptcy trustee then distributes the money to your creditors according to the terms of your plan. Chapter 13 bankruptcy isn't for everyone. If your total debt burden is too high or your income is too low or irregular, you may not be eligible. You may be better off handling your debt problems in another way - such as filing for Chapter 7 bankruptcy, seeking help from a nonprofit consumer counseling group, or negotiating with your creditors directly.

Chapter 13 bankruptcy is a way to lower your debts and pay them off over time at a rate you can afford.  You may even be eligible to pay a fraction of what you owe.  I can create a payment plan that suits your needs and I will walk you through the entire process, giving you the chance to comfortably manage your debts.

For you to qualify for Chapter 13 bankruptcy, you must have "stable and regular" income. Your income must be high enough so that after you pay for your basic needs, you have sufficient money left over to make periodic (usually monthly) payments to the Chapter 13 trustee for three to five years. The total amount you must pay will depend on how much you owe, the type of debts you have, the value of non-exempt assets and your household income on a budget.

A Chapter 13 bankruptcy is helpful in the following situations: You are behind on your mortgage or auto loan, and want to make up the missed payments over time and reinstate the original agreement. You have a tax debt that cannot be eliminated (discharged) in Chapter 7 bankruptcy, but can be paid off over time in a Chapter 13 payment plan. You have a sincere desire to repay your debts, but you need the protection of the bankruptcy court to do so. You need help repaying your debts now, but need to leave open the option of filing for Chapter 7 bankruptcy in the future.

Financial problems can creep up in anyone's life, and sometimes you aren't able to cover your bills. What do you do when mortgage payments, medical bills or car payments pile up and you can't pay? Turn to Kathleen Donnelly, Attorney to help you file for bankruptcy.

Chapter 13 bankruptcy is a way to lower your debts and pay them off over time. With the help of a Chapter 13 bankruptcy attorney, you can create a payment plan that suits your needs. Attorney Donnelly will walk you through the entire process, giving you the chance to break free from your debts.

Get your debt under control once and for all. Email attorney Donnelly now to schedule a consultation at her Cleveland, OH office.


Call me at 216-241-9628 or email me at [email protected] 

I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code. 11 USC Sections 528(a).

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You deserve to work with a foreclosure and bankruptcy attorney who is dedicated to your success. When you call me, you'll speak with me, not a paralegal or secretary. I work directly with my clients and I even offer a credit rebuilding class to help you get back on track.


Kathleen Donnelly, Attorney is committed to answering your questions about law issues in Cleveland, OH.

I offer a free consultation and I’ll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.

Kathleen Donnelly, Attorney
526 Superior Avenue East, Suite 211
Cleveland, OH 44114