The Chapter 13 bankruptcy is one that you have to be prepared to deal with for a long time to come. This isn't as fast as the Chapter 7 because you have to make payments when you file the Chapter 13. It isn't necessarily easier to file this form since you have to meet specific requirements.
One important consideration is that you have to have enough money to cover your bills and still make the payments to the bankruptcy court. Your income and the regular expenses you have are considered when a determination is made about what you can afford to pay. We realize that you might not want to think about how you will have to live on a tight budget while the case moves forward, but this is necessary to get the protection you need.
Another thing that you need to consider is that you will have some responsibilities during the case. You will need to go through credit counseling before you file and a financial education course before your case is discharged. You can use the information you gain during these to help you learn about living a financially responsible life.
When you are drowning in debt, you will need to come up with a plan to address the issue. Even though the primary concern is dealing with the debt collectors, using the opportunity to learn how to avoid issues in the future is a good idea.
We know that you might have some questions about what choices you have. When you are ready to take the next step and file the bankruptcy, we are here to help you make it happen.