Chapter 13 Bankruptcy is for an individual with assets that cannot be exempted (protected) under Chapter 7 or who has a substantial income above the Means Test requirement. This form of bankruptcy provides the debtor a chance to eliminate much of the debt, while requiring the individual to repay some of the debt in affordable installments based on their income for 3-5 years but this allows the debtor to keep some of their non-exempt assets such as cabins, boats, homes and cars that we could not protect under Chapter 7.
If you are seeking information about how to file for bankruptcy or what form of bankruptcy would best suit your situation, contact our office today. You can reach an experienced bankruptcy lawyer at 651-204-7152.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
1551 Livingston Avenue, Suite 103, Saint Paul, MN 55118. Phone: (651) 204-7152
Ronan R. Blaschko, Bankruptcy Attorney primarily serves the Dakota County, Ramsey County, Hennepin County, Washington County and Scott County areas in Minnesota, including cities Saint Paul, West St. Paul, Inver Grove Heights, Eagan, Apple Valley, Burnsville, Cottage Grove, Mendota Heights, Minnetonka, Richfield, Edina, Eden Prairie, Bloomington, Golden Valley, New Hope, Plymouth, Maplewood, Oakdale, Stillwater, Lake Elmo, Roseville, Little Canada, Minneapolis, Woodbury and Afton in in Minnesota.