Chapter 13 Attorneys Contacting Me

Chapter 13 bankruptcy, also known as the wage earner’s plan, is a type of bankruptcy that lets people with income develop a plan to repay all or part of their debts. Basically the debtor comes up with a repayment plan and it allows that person to keep assets such as their home, which is what’s important to you during foreclosure. The Chapter 13 attorneys that contact you have one thing in mind - making money.

Now, the fact that they contact you is great because it means they believe you have the financial ability to do the Chapter 13 bankruptcy, but it may not be in your best interests. See, because the Chapter 13 attorneys are interested in billability, they will offer their services even if its not the best choice for you. Bankruptcy should always be a last resort.