What does a Chapter 13 bankruptcy involve? | The Golden Law Group | Helping Residents & Businesses Get Financial Stability | (813) 413-8700 | http://BrandonLawyer.com | 808 Oakfield Drive, Ste A, Brandon, Florida 33511 | 9040 Town Center Pkwy, Bradenton, Florida 34202
Chapter 13 bankruptcy is a repayment plan. It is an opportunity for you to repay some or all of your debt by making payments to a chapter 13 trustee over a 3 to 5 year period. There are different steps for chapter 13. The first step is the filing of the case. Then there’s a meeting with the creditors where the trustee will ask you questions about your income, your expenses, your assets and liabilities. Then there’s a confirmation hearing where hopefully the judge will approve your proposed chapter 13 plan.