Chapter 13 Bankruptcy is a good option when you have high income

The purpose of bankruptcy is to eliminate debt for honest debtors who are unable to repay all that they owe. Debtors with a large amount of debt and substantial income may still benefit from filing a Chapter 13 Bankruptcy. In these situations we create a plan that pays off as much debt as possible during a 5 year period and the remainder is forgiven. This option is typically much cheaper than debt consolidation and is guaranteed to work as long as all payments are timely made (unlike debt consolidation).

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