Individuals may file a Chapter 11 case when they want the benefits of a Chapter 13 repayment plan, but their debt is too high for a Chapter 13 case. There are also other benefits to individuals filing a Chapter 11 case over a Chapter 13 case:
- Prepetition mortgage arrears too high to pay in five years
- Pay the value of a car (if less than the amount you owe) that was recently financed
- You recently received a Chapter 7 or Chapter 13 discharge
- More time to pay non-dischargeable debts, like payroll taxes
Let The Wright Law Alliance, P.C. help you get back on the road to financial success. To find out about your options, click “chat live” or contact us today or tell us about your situation below.