Bankruptcy Lawyers
South Carolina


What is Chapter 13 Bankruptcy?

Reliable answers from experienced lawyers

Chapter 13 bankruptcy was originally called "wage earner" bankruptcy because it is mainly for working people who have fallen behind on their debt payments. Also known as reorganization bankruptcy, filing under this chapter allows consumers a significant amount of time to repay overdue portions of these debts. Creditors are typically paid back over a period of three to five years, with affordable monthly payments.

The main reason why many people decide to file this way instead of Chapter 7 bankruptcy is because it allows individuals to keep all their property, including non-exempt assets. However, in order to qualify for Chapter 13 bankruptcy, you must demonstrate that you have a steady income in order to pay back a portion of your debts as agreed upon in a repayment plan. Creating this plan can be complex, and you need an experienced Chapter 13 bankruptcy attorney on your side.

We Can Help You Review Your Options

Strict guidelines exist concerning who qualifies for Chapter 13 bankruptcy. We can walk you through the process and all the guidelines, step by step. At Benjamin R. Matthews and Associates, LLC, our attorneys know how the legal system works and understand how to correctly file for Chapter 13 bankruptcy in South Carolina.

Declaring Chapter 13 bankruptcy can help put an end to your downward financial spiral by:

  • Stopping lawsuits filed by creditors
  • Preventing foreclosure on your unsold home
  • Letting you keep your home
  • Letting you keep your car
  • Returning your repossessed vehicle to you
  • Resolving tax problems

Your Paycheck May Make Chapter 13 Bankruptcy the Lifeline You Need

Chapter 13 bankruptcy is not for everyone. Generally, people who choose this form of bankruptcy make more than the income limits for Chapter 7 bankruptcy and simply need more time to pay off their debts. However, there are several other pros and cons to Chapter 7 versus Chapter 13 bankruptcy. That's why we want to meet with you and review your current financial situation. The more information we know, the better our advice.

The trusted attorneys at Benjamin R. Matthews and Associates, LLC can help you develop a thorough, comprehensive financial plan. Call today at (803) 799-1700 or contact us online for a free initial evaluation to see how you can get your life back on track. Every discussion is confidential. We respect your privacy and value your time.

We are a debt relief agency. We help people understand their financial options and file bankruptcy.

2010 Gadsden Street
Columbia, SC 29201

Phone (803) 799-1700
Fax (803) 728-6718

331 E. Main St, Suite 257
Rock Hill, SC 29730

Phone (803) 909-9377
Fax (803) 728-6718