How We Help You Keep You Get Yourself Out of Debt with Chapter 13 Bankruptcy!

Everything isn't about money. If it's important to you as a person to meet your responsibilities, then a federal debt adjustment plan is perfect for you. People who use these plans, and decline to file complete bankruptcy, share a core value. They believe that one should pay his or her debts. They view filing Chapter 7 bankruptcy as an admission of failure. It's something that is inconsistent with whom they are as a person. They understand they have a problem that must be resolved and that they need help, but they are not looking for a quick fix. They don't want someone else to bail them out. They want to solve the problem themselves. They are self-reliant people. They want to pay their creditors what they afford to pay, and not just walk away. They look forward to looking back someday and being able to say that, although they could have filed Chapter 7 bankruptcy, they didn't, and that they did their best to pay their creditors something. If this is you, then a federal debt adjustment plan is the answer that you've been looking for.

Under Chapter 13 Bankruptcy (Federal Debt Adjustment Plan):

Stop Foreclosure. Chapter 13 can immediately stop a foreclosure and forces the bank to take the past due payments over a five year period. This is a very powerful option that can save your home.

Mobile and Manufactured Homes
If you have a loan on a mobile or manufactured home and you owe more than it is worth,
there is a solution that you may not be aware of. In a Chapter 13 reorganization bankruptcy case, you can drastically reduce the monthly payment, and immediately stop foreclosure. You are re-writing the loan without the lender's consent.

Second Mortgages
In a Chapter 13 case, depending on the property value and the amount of the first mortgage,you may be able to completely remove a second mortgage from your home.

You Don't Walk Away from Your Debt, You Pay It- Unfortunately, in many situations, the only option is Chapter 7 bankruptcy (referred to here as “straight bankruptcy”). Straight bankruptcy involves walking away from your debts. If a person has absolutely no income left after paying living expenses, straight bankruptcy is necessary. No matter how you spin it, however, straight bankruptcy involves stiffing your creditors. You wipe out the debt and walk away. If you're not ready to take this approach, but need some help in making some payment to your creditors, a debt adjustment plan will work perfectly for you.

You Are Protected from Your Creditors- There comes a point where all your creditors want their money in a way that is impossible for you. Creditors will hire collection lawyers to sue you, garnish your wages, freeze your bank accounts and repossess your vehicles. In a debt adjustment plan, you are given a court restraining order which stops all your creditors in their tracks. It becomes illegal for them to do anything to collect the debts. This takes the pressure off while you are making monthly payments. Not even traditional debt consolidation agencies can give you this protection.

You No Longer Have Direct Contact with Your Creditors- Once you enter the plan, you will be making one monthly payment to a court appointed person who will pay your creditors. You will no longer have any direct contact with your creditors or their collection agents or lawyers.

Your Monthly Payments Are Based on What You Can Afford- When all of your creditors are demanding payments that you can't afford, a plan to repay them becomes impossible. Everybody wants their money and you can't blame them. At the same time, your monthly payment needs to be affordable. In a debt adjustment plan, your payment is based on your take home pay and your living expenses, not on what your creditors are demanding.

Your Payments Are Made under the Supervision of a Federal Court Judge- With a debt settlement company your payment goes to some unknown person in another state. The company is not answerable to anybody and is not licensed or regulated. The company can do whatever it wants with your money and it usually does. Many times the money doesn't go to your creditors. It ends up in the companies' pockets. In a debt adjustment plan your payments go to a trustee who is appointed by the Department of Justice and he or she makes payments to your creditors under the supervision of a federal court judge. The payments must be distributed to your creditors in accordance with the court's order and the United States Code. Every penny of your money is accounted for. The court appointed party makes regular reports to you and to the court as to where your money is going. In addition, no one can take any fees or charges from your money without prior court permission. Unlike the debt settlement companies, no one can just help themselves to your money.

You Can Pay a Portion of the Debt- If you can afford to pay back only a portion of the debt, that's OK. So long as you make all the monthly payments under your plan, the Court will issue you a discharge order which makes you debt free.

All Kinds of Debts Can Be Included- Debt consolidation agencies and debt settlement companies are limited in the type of debts that they can help you with. Usually, they can't do anything with income taxes, real estate taxes, child support, student loans, and vehicle payments. All of these debts can be included in a debt adjustment plan.

You Are Debt Free at the End of the Plan- A debt adjustment plan can last from three (3) to five (5) years. In some cases, it can be less than three (3) years depending on the amount of the debt. No matter how long the plan is, however, when it is over, you receive a court order which completely absolves you of the debt even if you've only paid a portion of the debt.

You Don't Need Your Creditor's Consent- Debt consolidation and debt settlement won't work if your creditors don't voluntarily agree. Some major creditors refuse to work with debt settlement companies. In debt consolidation, some creditors will reduce interest, some won't. Some will consent to the program, some won't. Debt adjustment plans, however, don't require your creditor's consent. It is not voluntary on their part. Legally,they have no choice.

No Interest or Charges Can Be Added to the Debt-Once you enter the plan, no interest or other charges can be added to your unsecured debt. This allows your

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*Under federal law we are considered to be a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.