Bucks County Bankruptcy Lawyer
Bucks County Bankruptcy Lawyer: Chapter 13
Chapter 13 bankruptcy is a legal process that allows individuals with steady income to catch up on past due mortgage payments, tax debts and domestic support obligations and repay only necessary debts over a designated timeframe, in a certain order of priority. Taxes, child support, alimony and employee wages are known as first priority debts, while unsecured credit cards, medical bills and personal loans are secondary. This type of bankruptcy ensures you retain valuable assets (home or car), while paying down your debts over a set timeframe of 3 to 5 years. Learn more about Chapter 13 Bankruptcy & the qualification process.