Chapter 13

A Chapter 13 bankruptcy is a reorganization or repayment plan. It is one of the most commonly filed chapters in South Carolina. It allows the debtor to keep their property and repay their debt over a time period of three to five years. Some common features of a Chapter 13 are listed below:

• SAVE YOUR HOME
• PROTECT YOUR VEHICLE 
• UNSECURED DEBTS 
• TAXES 
• STUDENT LOANS (non-dischargeable, but loans can be placed in deferment for the life of your plan). 

Sometimes you just need to catch up. If you're earning a consistent income but are overburdened with debt, then Chapter 13 bankruptcy could be the path for you. A Chapter 13 bankruptcy is designed to give individuals with high levels of secured debt or valuable property room to manage their debts and keep their property.  A payment plan spread out over a period of time could make the difference in helping you to financial freedom.