Most people file a Chapter 13 (rather than a Chapter 7) for one of four reasons:

There are many factors that help determine if Chapter 13 is right for you. By contacting our bankruptcy attorneys, we can let you know if this option is good for you or not. In general, people are good candidates for Chapter 13 if they are a homeowner who has a regular income but are at risk of foreclosure, people who lost their job, people with excessive medical bills, etc. A great aspect of Chapter 13 is that you can avoid a foreclosure or repossession during a time where you are having a financial setback. Just keep in mind though, that Chapter 13 does not eliminate your debt since you will still have to make payments. Chapter 13 does make the payment process easier though as it outlines a payment plan for you that gets rid of your debt while protecting your assets.