If your income is too high for the Chapter 7 procedure, but you are facing foreclosure on your home, auto repossessions or tax debts, Chapter 13 can help give you some room to breath.
Chapter 13 is also known as “consolidation” or “reorganization.” 99% of all debtors who file Chapter 13 keep their assets, including their home
Under your reorganization plan, you will make monthly or biweekly payments to a Trustee, who will distribute the funds to your creditors. Since the plan must follow the strict guidelines of bankruptcy law and be something you can afford, your monthly burden should be dramatically reduced.
Marjan Alitalaei will help you with all the particulars and paperwork involved in filling for Chapter 13.