Q: Do you do personal debt relief chapter 13 bankruptcy
No
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A:
Chapter 13 bankruptcy is a legal process designed to help individuals reorganize their debts and create a manageable repayment plan. This type of bankruptcy allows you to keep your property while repaying creditors over a period of three to five years, depending on your income and situation.
If you’re considering Chapter 13 for personal debt relief, it's essential to understand the process and how it could impact your financial future. The court will review your income, expenses, and debt to approve a repayment plan that fits within your budget.
It's always wise to seek legal advice before making decisions about bankruptcy. A qualified attorney can guide you through the process and help determine if Chapter 13 is the right option for your financial situation.
Timothy Denison agrees with this answer
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