Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hi - my name is ***** ***** I'll be glad to assist.
IF you file chapter 11 (business) or chapter 13 (personal), you will have the opportunity to put together a repayment plan to pay all of your debts in monthly amounts that you can afford.
Generally, you can discharge your unsecured debts (debts without collateral) and then re-structure your payments for your secured loans (such as mortgages) in monthly repayment amounts that you can afford.