Chapter 13 bankruptcy can take anywhere from three to five years.  The cornerstone of Chapter 13 bankruptcy is the Chapter 13 Plan, the document that creates the roadmap for how your repayment plan will be handled.

The Chapter 13 Plan depends on a number of factors, but relies heavily on your household income and allowable expense levels for your household's size and income level.  Those expenses are set by the Office of the U.S. Trustee, and may in some cases be higher than your actual expenses.  It's a sliding scale that looks to a number of factors, and requires a complex set of calculations.

Other factors that go into your Chapter 13 Plan are the amount of debt you have and value of your assets.

If you're thinking about Chapter 13 bankruptcy, the best thing you can  do is review your options.   We'll outline the entire process for you and help you determine if Chapter 13 is right for you.