Chapter 13 Bankruptcy
Are you struggling with overwhelming debt but want to keep your assets and regain financial stability?
Chapter 13 bankruptcy might be the solution you've been searching for. At the Law Office of Ted Machi,
we specialize in helping individuals and families navigate the complexities of Chapter 13 bankruptcy to
achieve a fresh financial start.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy, often referred to as a "wage earner's plan," allows individuals with a regular
income to reorganize their debts and create a manageable repayment plan. Unlike Chapter 7 bankruptcy,
which involves liquidating assets, Chapter 13 enables you to keep your property while catching up on
missed mortgage, car, or tax payments over a 3- to 5-year period.
Benefits of Chapter 13 Bankruptcy
- Save Your Home: Stop foreclosure and catch up on missed mortgage payments.
- Keep Your Assets: Protect your car, home, and other valuable property.
- Reduce Debt: Discharge certain unsecured debts at the end of your repayment plan.
- Regain Control: Take charge of your finances with a structured plan to repay your debts.
Is Chapter 13 Bankruptcy Right for You?
Chapter 13 bankruptcy may be a good option if:
- You have a steady income but are struggling to keep up with debt payments.
- You want to avoid foreclosure or repossession of your assets.
- You have non-dischargeable debts, such as tax obligations or child support, that need to be reorganized.
Contact Ted Machi Today
Don't let debt control your life. Machi & Associates is here to help you explore your options and find a path toward
financial freedom. Serving clients with integrity and dedication, we are committed to helping you achieve the
best possible outcome for your case.
Are you struggling with overwhelming debt but want to keep your assets and regain financial stability? Chapter 13 bankruptcy might be the solution you've been searching for. At the Law Office of Ted Machi, we specialize in helping individuals and families navigate the complexities of Chapter 13 bankruptcy to achieve a fresh financial start.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy, often referred to as a "wage earner's plan," allows individuals with a regular income to reorganize their debts and create a manageable repayment plan. Unlike Chapter 7 bankruptcy, which involves liquidating assets, Chapter 13 enables you to keep your property while catching up on missed mortgage, car, or tax payments over a 3- to 5-year period.
Benefits of Chapter 13 Bankruptcy
- Save Your Home: Stop foreclosure and catch up on missed mortgage payments.
- Keep Your Assets: Protect your car, home, and other valuable property.
- Reduce Debt: Discharge certain unsecured debts at the end of your repayment plan.
- Regain Control: Take charge of your finances with a structured plan to repay your debts.
Is Chapter 13 Bankruptcy Right for You?
Chapter 13 bankruptcy may be a good option if:
- You have a steady income but are struggling to keep up with debt payments.
- You want to avoid foreclosure or repossession of your assets.
- You have non-dischargeable debts, such as tax obligations or child support, that need to be reorganized.
Contact Ted Machi Today Don't let debt control your life. Machi & Associates is here to help you explore your options and find a path toward financial freedom. Serving clients with integrity and dedication, we are committed to helping you achieve the best possible outcome for your case.
