Steidl and Steinberg, Attorneys at Law

Suite 2800, Gulf Tower
Pittsburgh, PA 15219
412-391-8000
1-800-360-9392

---

Call 412-391-8000 or 800-360-9392

Email this Page Directions Contact Us

Home
Services
About Us
Commercials
News
Q and A
Case Histories
Take the Test
Request Info

Chapter 13

---

We like Chapter 13 petitions a lot, because they give you a chance to pay back your creditors, in whole or in part, over a period of time up to five years, and almost always at no interest on the unsecured debt. At the same time, you retain all of the normal advantages of bankruptcy: creditors cannot call you (they must call us), and all creditor collection action must stop.

Chapter 13 can also stop foreclosures and sheriff's sales, car and truck repossessions, wage attachments by tax authorities, and tax sales, while you develop a plan with your attorney to pay your creditors back. Best of all, most Chapter 13 Plans allow you to keep all of your possessions, even those that you might not have been allowed to keep in a Chapter 7.

There are certain requirements that you must meet in order to have a Chapter 13 Plan approved by the Court:

1. The Plan must be proposed in good faith
2. The Plan must be feasible (you must be able to afford to make the payments)
3. The Plan must be your best effort
4. The Plan must meet the "liquidation alternative test" (you must pay to your creditors at least as much as they would receive in a Chapter 7).

If this sounds like the right kind of filing for you, call us at (412) 391-8000 or 1-800-360-9392 to schedule an appointment.