eHow launches Android app: Get the best of eHow on the go.

How Does Chapter 13 Bankruptcy Work?

Video Preview

Summary: Chapter 13 bankruptcy works by allowing an individuals to have creditors back off while existing debts are reorganized under a protocol set up by the bankruptcy court. Hire a bankruptcy attorney to file the paperwork for Chapter 13 bankruptcy with advice from a registered financial consultant in this free video on bankruptcy.

Views:
826
Presenter
By Patrick Munro
eHow Presenter

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"This is financial adviser Patrick Munro talking about: How does Chapter 13 bankruptcy work? Chapter 13 bankruptcy is a reorganization of debt. It allows an individual to have creditors back off while he reorganizes existing debt under a protocol that has been set up by the bankruptcy court. This is different than a full retirement of bankruptcy. It's a more noble way to go if an individual is facing severe credit problems. And Chapter 13 bankruptcy is executed by a bankruptcy attorney, and there are certain protocols that must be followed under the U.S. bankruptcy system. There are fees involved, which the attorney gets paid for, to file the appropriate papers with the court and make sure that the Chapter 13 bankruptcy is executed according to the right protocol. This is financial adviser Patrick Munro talking about Chapter 13 bankruptcy."

eHow Article: How Does Chapter 13 Bankruptcy Work?

Related Ads

  • Have you done this? Click here to let us know.
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance