Crabill Law, LLC

  Serving Delaware Residents in New Castle County, Kent County, and Sussex County

Chapter 13 Bankruptcy Lawyer in Wilmington, DE

When facing overwhelming financial obligations, it may feel as if you have little control over your life.   Many people are stuck in an endless cycle of robbing Peter to pay Paul.  It gets difficult to see a way out.   Chapter 13 bankruptcy makes things more manageable.  


It can prevent foreclosure of your home and repossession of your vehicle.   It allows you to reorganize your debt so that you can afford to support yourself and your dependents. 

Understanding Chapter 13 Bankruptcy

Chapter 13 bankruptcy is generally referred to as reorganization of debt.   When you file Chapter 13, you enter in to a Chapter 13 payment plan wherein you pay some or all of your debt over three to five years.   What debt you pay and how much you pay depends on your particular financial circumstances.  The idea is to get you into a feasible plan to reorganize your finances so that you are better able to support yourself and your family.


Chapter 13 bankruptcy allows you to pay your mortgage arrears and prevent impending foreclosure.   You can pay past due car payments to prevent repossession.  You may be able to pay less for your car through a Chapter 13 bankruptcy than outside of one.  You may be able to strip a second or third mortgage.  There are many ways a Chapter 13 can give you a brighter financial future.    


Filing for Chapter 13 bankruptcy is not for everyone.   A repayment plan must be a feasible option.  If filing under Chapter 13 is not right for you, filing under Chapter 7 may be.