Chapter 13 bankruptcy is a debt repayment plan typically lasting 36-60 months. During the repayment period, debtors are protected from their creditors while making one monthly payment to the Chapter 13 Trustee. A unique aspect of Chapter 13 is that debtors may also include priority debts, such as student loans, taxes, and child support arrears. We anticipate that Chapter 13 bankruptcies will make up nearly 12% of all bankruptcy filings in Toledo, Ohio in 2020.
COVID19 Notice – If you are in a pending chapter 13 bankruptcy and the Corona virus pandemic has substantially hurt your chapter 13 repayment plan, the CARES Act may be of help to you. Call your chapter 13 bankruptcy attorney to discuss your options.