Chapter 13 Bankruptcy

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is also referred to as a reorganization bankruptcy. It is basically a three to five year plan to get out of debt. Under a Chapter 13 filing you can generally keep all of your assets, even those that you would not have been able to keep under Chapter 7. In Chapter 13, you are put in a monthly payment plan for three to five years during which you basically pay what you can afford. After the allotted time is up, the remaining debt will be discharged (legally wiped out).

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Chapter 13 is a great tool when you need to pay your debts but you got behind or you need better terms. For example, if you have missed mortgage payments and the mortgage company will not work with you, a Chapter 13 filing will STOP FORECLOSURE (save your home!) and allow you to get caught up on back-owed mortgage payments. Similarly, if your vehicle is up for repossession, filing a Chapter 13 will not only protect it, but may even allow you to adjust the interest rate on the loan.  In a Chapter 13 Bankruptcy, you can get caught up on income taxes, property taxes, and child support, to name a few examples.

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Life During Chapter 13 Bankruptcy

Throughout the Chapter 13 bankruptcy you can expect to have better control over your debts, and you will actually have an end date when you know you will be debt free (or nearly debt free)! You may not be completely debt free at the end of the process because some debts are not dischargeable (cannot be legally wiped out) in bankruptcy, and some debts (like mortgages) take longer than three to five years to pay off. But when you file with Wasson & Thornhill, you will come out of your Chapter 13 bankruptcy with a much more manageable hold on your finances. You may have even saved your house from foreclosure or paid off your vehicle with a lower balance and / or interest rate.

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Find out what you can expect during bankruptcy.

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  • I just loved Ms. Wasson’s professionalism and timely response to everything! I feel relieved and ready to rebuild by financial status.

  • The moment I walked in the door I felt like I was talking with a friend. You really made me feel relaxed and that you genuinely cared about my best interest.

  • Andrea, you are absolutely amazing.  I love you!

  • They answered all my questions, they are very nice ladies, and very personable.  I will recommend you to all my friends!  Thank you all so much!

    -Michael H.

  • I am so glad I was sent to you all. You made this process simple and not scary. I appreciate your word[s] of encouragement.

  • You made me feel comfortable, without any judgment.  At first I was ashamed and embarrassed of my situation.  Now I fee relieved, and now I can start over.

  • At first I was scared. After meeting Leeann, I knew I was in the right place for help. Your firm is very professional and organized.

  • I can breath and I don’t have to worry about the next phone call or mail.  We can move on with life!

    Lisa and James

  • You were very good at listening to me about my personal situation.  You showed a real concern about me as a client and a person.  You made me feel very comfortable during the whole case.  Being very nervous, Andrea’s smile helped a lot.


  • Andrea was professional, friendly, and always prompt when calling back or answering an email.  Love her!

  • It feels good being debt free. The process was well organized and detailed with information. I intend to stay debt free!  Leeann made me feel comfortable and was compassionate about my situation. I was very impressed.

  • You all made me feel ok about what I was doing.  I was upset about it, and after speaking to you I felt so much better.  Everything was great and easy on me.  I did not feel like I was doing anything wrong.  I felt very welcome and comfortable.  A big weight has been lifted off my chest.


  • Leeann made the process easy and worry free.  She was so friendly and welcoming.  I feel really good about the bankruptcy process and my decision to file.

  • The legal assistant was very sweet and helpful.

  • I loved Andrea.  She’s laid back and put me at ease.  She’s so easy to talk to.  She is understanding and listens to you.

  • The legal assistant was very helpful and knowledgeable – always followed through.

  • I feel as if I have a new start. My life can start now without the financial burden. It was a very stress-free experience.

  • The most positive part of the experience for us is that we were treated like people who needed help, not like we were too lazy to pay our bills. Your kindness is much appreciated.

  • Andrea was fantastic!  Professional, down to Earth, and TRULY understood my concerns.  I would recommend Andrea to anyone needing assistance with bankruptcy!

  • When I first met Leeann she made me feel very comfortable.  She handled everything so quickly and kept me up to date with everything.  I was so nervous and she made me feel at ease.  [She] went above and beyond what she needed to do to help me.  I felt taken care of from start to finish.


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