Chapter 13

Chapter 13, also known as “wage earner bankruptcy”, requires a reliable source of income that can be used to pay off some of the debt. While filing for Chapter 13 bankruptcy, a repayment plan must be proposed that details how the debt will be paid off within 3-5 years. The minimum amount to be paid depends on how much the consumer earns, how much they owe, and how much the unsecured creditors would receive if Chapter 7 was filed instead. The federal government limits the debt amount to under $1,149,525 in secured debt and under $383,175 in unsecured debt. If secured debts are involved, the consumer has the option to make up missed payments to avoid repossession.

Call Ventura Attorney Daniel A. Higson at 805-644-7111

Hathaway Perrett Webster Powers Chrisman & Gutierrez, APC is a debt relief agency pursuant to 11 U.S.C. 528(a)(4) and assists individuals, families, and businesses file for bankruptcy relief under the Bankruptcy Code.  This website is a communication under California Rule of Professional Conduct 1-400.  No legal relationship is created by the use of this website and no legal advice is provided.  No guarantee or warranty is provided that your case or matter will achieve any particular result and testimonials and endorsements provided on this site do not constitute a guarantee, warranty, or prediction about your matter or case. This communication is made on behalf of Hathaway Perrett Webster Powers Chrisman & Gutierrez, APC and DANIEL A. HIGSON, State Bar No. 71212 is responsible for its contents.  All information contained on this website may be factually substantiated by a credible source, including data from the United States Public Access to Court Electronic Records (PACER) system.  Detailed data and information is available on request.

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