Serving the Mobile, Alabama Area

William J. Casey
Attorney at Law, P.C.

 3208 Cottage Hill Road, Mobile, AL 36606

Chapter 13

A chapter 13 bankruptcy can be very useful in helping you keep the debts your want to keep such as a house or car and get rid of the debts you want to discharge. You make payments over a period of five years.

There are nine major situations that a chapter 13 may be better than a chapter 7. If you fall into one of these situations you should consider filing a chapter 13.

1. You only file chapter 7 once every eight years. If you filed a chapter 7 in the last eight years then you are limited to filing a chapter 13.
2. If you have more than $5000.00 in equity in your homestead/$10000.00 if married you exceed the exemptions you are allowed and may be forced to file a chapter 13.
3. If you have more than $3000.00/$6000.00 if married in equity in personal property you may be forced to file a chapter 13.
4. Your income is too high according to the means test.
5. If you have certain tax debts you may be better off to file a chapter 13.
6. A chapter 13 can stop foreclosure of your home.
7. A chapter 13 can stop the repossession of your auto.
8. A chapter 13 can get you out of jail if you are behind on your child support.

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