Chapter 13 (Reorganization)

In a chapter 13 case you file a "plan" showing how you will pay off some of your past‑due and current debts over time, usually over three to five years. The most important thing about a chapter 13 case is that it will allow you to keep valuable property‑‑especially your home and car‑‑which might otherwise be lost, if you can make the payments which the bankruptcy law requires to be made to your creditors.

You should consider filing a chapter 13 plan if you:

  1. own your home and are in danger of losing it because of missed payments;
  2. own a car and are in danger of losing it due to missed payments;
  3. are behind on debt payments, but can catch up if given some time;
  4. have valuable property which is not exempt, but you wish to keep by paying creditors the value of this property from your income over time.

You will need to have enough income in chapter 13 to pay for your necessities and to keep up with the required payments as they come due. 

William P. Turner, Attorney at Law

601 N. Mur-Len, Suite 5

Olathe, KS 66062