Chapter 13 Advantages

Restore Your Driver's License

If your driver's license is suspended due to tickets or accidents, the filing of Chapter 13 Debt Repayment Plan can help you get your license reinstated within a few weeks of filing.

Remove Your Second Mortgage

Is your home worth less than what you owe on your first mortgage? The recent recession has caused most people to lose significant value in their homes. In a Chapter 13 plan, you may be able to remove the second mortgage as a lien on your home and have hope to again have some equity.

Avoid All Creditor Contract – Stop Interest On Debts

While you are in Chapter 13, you will make one monthly payment to the Trustee and all creditors are prevented from contacting you. Usually, all interest stops on unsecured debts and interest can usually be reduced on car loans.

Stop Foreclosure of Your Home

When you file a Chapter 13 Debt Repayment Plan, all foreclosure proceedings are immediately stopped and you usually have three years to get caught up on your mortgage payments.

Payments as Low as $149 Per Month

How would you like to consolidate all of your credit cards, medical bills, collections and other unsecured debts in one low payment of $149 per month? Are you barely making enough to pay for your monthly living expenses and cannot afford to pay all of these unsecured bills?

If you qualify as a below median individual or couple under Chapter 13, you could consolidate all of these bills into one monthly payment of $149 for 36 months and eliminate any remaining unsecured debt! Your payment on one credit card alone is probably more than $149 per month and most of that payment is for interest only – it will take you 15 -20 years of payments to pay off your balance! How about $149 per month for three years to eliminate all of your credit card and unsecured debts? What an incredible savings!!


If you would like to learn more about using Chapter 13 to obtain debt relief, contact Washington Fresh Start to speak with an experienced bankruptcy lawyer today.

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