• What are the most common reasons for filing a Chapter 13 bankruptcy?
    • Generally, a person files for a Chapter
    13 bankruptcy to keep real property which payment is in default (i.e., stop foreclosure proceeding). Under a Chapter 13
    plan, the debtor will be able to pay all back payments over a period of time (for example, three years).

    Updated: 10/13/99
    Important: These Frequently Asked Questions (FAQs) were prepared by Nemia L. Schulte. More information about The Law Offices of Nemia L. Schulte, P.A. can be found here. The Law Offices of Nemia L. Schulte, P.A. is located in Florida.

    These Frequently Asked Questions are based on Federal and Florida Law.