Chapter 13 Bankruptcy | RK Pruitt Law Firm
Chapter 13 Bankruptcy

Repayment plan that protects what matters.

Chapter 13 creates a court-approved plan to repay creditors over time while catching up on key obligations often used to cure mortgage or car arrears and reorganize debt within Chapter 13 limits.

Chapter 13 Bankruptcy | RK Pruitt Law Firm

Steady income, behind on payments

If you can make structured payments, Chapter 13 may let you catch up on mortgage or car arrears while protecting assets.

Too much for 7, within 13 limits

If you don’t qualify for Chapter 7 or need to keep non-exempt property, Chapter 13 may be the better path.

What Chapter 13 does

  • Automatic stay pauses most collections & foreclosure actions
  • 3–5 year repayment plan tailored to income
  • Opportunity to cure arrears while keeping assets
What You’ll Need

Documents & info to gather

Pay stubs & income records
Tax returns (recent years)
Mortgage, car, and loan statements
List of all debts & creditors
Household budget & bank statements
Insurance proofs & leases
Accurate income/expense data drives plan feasibility and payments.
Eligibility & Fit

Is Chapter 13 right for you?

  • You have regular income to fund a plan
  • Your total debts fall within Chapter 13 limits
  • You need time to cure arrears and reorganize
Exact thresholds and local practices vary; counsel can confirm what applies.
Process

Chapter 13 in 6 steps

1
File & stay
Filing starts protection and assigns a trustee.
2
Propose plan
Based on income, expenses, and priorities (mortgage/car, taxes, etc.).
3
341 meeting
Trustee reviews information; you answer questions under oath.
4
Confirmation
Court approves plan if feasible and compliant.
5
Make payments
Consistent payments to trustee; stay current on new obligations.
6
Discharge
At completion, remaining eligible debts may be discharged.
Plan Highlights

Tools within Chapter 13

  • Cure mortgage arrears over time
  • Restructure certain secured debts (subject to rules)
  • Prioritize taxes/support as required by law
  • Protect non-exempt property while repaying
Missing payments can derail confirmation or cause dismissal—build a realistic budget.
FAQs

Quick answers

Will I keep my house or car?

Often yes—plans can cure arrears over time if you can maintain ongoing payments.

How long is the plan?

Commonly 3–5 years, depending on income and other factors.

What if income changes?

Plans may be modified for good-faith changes; notify counsel promptly.

Will creditors stop calling?

The automatic stay typically pauses most collection activity after filing.

Informational only. Does not create an attorney-client relationship.