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Reorganizing Your Debt Through Chapter 13

Chapter 13 bankruptcy is for people who don't qualify for Chapter 7 or have the ability to repay their personal or business debt but need the collections, interest rate increases and penalties to stop immediately. Chapter 13 involves reorganizing your debt by creating a payment plan that is overseen by the bankruptcy court.

With Chapter 13, you could get immediate relief by being able to significantly reduce your monthly payments on your debts. It can give you time to get caught up on late payments with mortgages, car payments or other loans.

Contact me, lawyer Roger Kraft, and I will review your financial situation and explain the different options available to you. I am an experienced Salt Lake City Chapter 13 bankruptcy attorney, and will provide you with practical and straightforward answers to your debt relief questions.

Why Chapter 13 Bankruptcy?

Many of my clients choose Chapter 13 bankruptcy because:

  • Their income is too high to qualify for Chapter 7
  • They have property they might lose in a Chapter 7
  • They have previously filed for bankruptcy in the last eight years
  • They want to prevent home foreclosure
  • They want to stop creditor creditor harassment

Whatever your situation, I will help you make an informed decision about what method is best for you. At the end of your first appointment with me, I usually can give you a good idea of what your payments will be under a Chapter 13 plan and what assets you can keep. Generally, the upfront costs to file Chapter 13 are low and are payable over the length of your repayment plan.

Fight Repossession With Chapter 13 Cram Down Bankruptcy

In addition to the other benefits Chapter 13 plans offer, if you are behind on payments and are facing repossession of a car or other asset, I can explain how we can "cram down" the loan. Essentially, this involves reducing the loan to the current value of the property. You get to keep the property and will pay a lower monthly payment and less in interest.

For more information about how Chapter 13 works, visit the Frequently Asked Questions page.

Contact Roger A. Kraft, Attorney at Law, P.C. | Utah Repayment Plan Attorney

To schedule a free initial consultation, call me at 801-871-8353 or toll free at 800-640-3207. You can also contact me online. Evening and weekend hours are available by appointment. My office is centrally located near all courthouses from Provo to Ogden. My rates are affordable, and I accept credit cards.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.