Who Should File for Chapter 13
Chapter thirteen bankruptcy is designed for people who need the protection of the court to pay back part of their debt to the creditors and keep all of their assets. It is also for those people who are not eligible to file under chapter seven bankruptcy because their income exceeds a certain limit. Chapter thirteen is also for people who are behind in their mortgage. With a chapter thirteen you can include your arrears into the payment plan forcing the lender to accept it and avoid foreclosure.