Chapter 13 bankruptcy is only available to individuals, sole proprietorships, and individuals who are self-employed or operating an unincorporated business. Corporations or partnerships do not qualify for this type of bankruptcy.
The myth that student loans cannot be modified in bankruptcy is so pervasive that most debtors do not try to include them. More lawyers are realizing that reducing or modifying student loan debts during bankruptcy is possible and becoming more common.
Chapter 13 bankruptcy is one of the most common tools for people to relieve their debt burden and set themselves up for a better financial future. The following are a few of the most common questions our bankruptcy attorneys receive about filing for Chapter 13: Q: How much debt do I have to repay under […]