Filing for bankruptcy can be a daunting and overwhelming process for anyone. Many people may not be aware of the options that are available when they find themselves buried in debt. One of the most popular options available is Chapter 13 Bankruptcy. This form of bankruptcy provides individuals with the opportunity to reorganize and pay off their debt over a period of time. However, there are a lot of misconceptions surrounding Chapter 13 Bankruptcy, so in this blog post, we will delve into the details of Chapter 13 Bankruptcy and what it means for Pittsburgh residents. 

Will filing for chapter 13 bankruptcy affect my job?



A common concern for individuals who are considering filing for bankruptcy is whether they will lose their job as a result. Generally, filing for Chapter 13 bankruptcy will not affect your job status. Unless your job is security sensitive, bankruptcy should not lead to termination. Also, employers are not notified of a Chapter 13 filing, and it is not commonly mentioned in most employment applications. 

Benefits of filing for chapter 13 bankruptcy

One of the major benefits of Chapter 13 bankruptcy is that it allows individuals to keep most, if not all, of their assets. Unlike Chapter 7, which liquidates all of your assets to pay off debt, Chapter 13 allows you to keep your assets and restructure your debt payments in a manageable way. Chapter 13 also allows some individuals to keep their homes, cars, and personal property, which may otherwise have been lost in a bankruptcy filing.

When an individual files for chapter 13 bankruptcy, a trustee is appointed who is tasked with handling the payments to the creditors. You will make payments to the trustee who will then distribute payments to creditors as outlined in the bankruptcy plan. This can result in lower monthly payments for the debtor, which can provide financial relief, and ultimately change lives.

At The Law Office of Christian M Rieger we can assist the Pennsylvania public with bankruptcy matters.

Filing for bankruptcy can be an intimidating and challenging process, but it is essential to understand that you do not have to go through it alone. The services of an experienced bankruptcy attorney can provide the knowledge, guidance, and support you need to navigate this complex legal issue successfully. At The Law Office of Christian M. Rieger, we can help you explore your options and determine whether Chapter 13 bankruptcy is the right choice for you. We will also guide you through the entire bankruptcy process and provide you with the support you need to make informed decisions.

Chapter 13 Bankruptcy is an essential tool that can help individuals to keep their assets and restructure their debt payments in a manageable way. It can be beneficial to those with steady income or assets they want to keep by offering a repayment plan. Filing for bankruptcy can certainly be an overwhelming process, but with the help of a legal professional, Pittsburgh residents can navigate the process successfully. Contact The Law Office of Christian M. Rieger if you are considering filing for Chapter 13 bankruptcy to receive the guidance and support you need.