Chapter 13 bankruptcy can be a great benefit for many debtors, but it's a more complex process than a simple Chapter 7 (liquidation) bankruptcy. Because the repayment plan for Chapter 13 can routinely last three to five years, you need a plan to successfully manage it for the long term. Here are five tips to help you do just that. 1. Create a Support Network A support system is a must-have for the next few years.
Thank you for visiting my website. My name is Melanie. I am a 31-year-old woman who recently found myself unable to pay my bills following a devastating divorce. I created this website because I know there are a lot of misconceptions out there about filing for bankruptcy when you have student loans. I read about many of these misconceptions when doing my own research. Ultimately, I hired an attorney who helped me learn the truth. If you have loans, you may be able to get them discharged, though it is challenging and rare. If you are drowning in debt and have student loans as well, I hope my website helps you learn about bankruptcy and how student loans may affect it.