Chapter 13 bankruptcies protect personal property while focusing on reducing debt. With help from George R. Roles Attorney & Counselor at Law in the Centreville, MD area, you can protect your primary residence and property while establishing a payment plan. Most Chapter 13 payment plans extend over three to five years and allow filers to chip away at their debt piece by piece.
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Chapter 13 bankruptcy benefits the filer in several distinct ways. With Chapter 13, you can:
- Keep and protect your property from repossession
- Create a payment plan to reduce your debt
- Save your home from foreclosure