Lefkovitz & Lefkovitz
Nashville Office
Cookeville Office
Serving all of Middle Tennessee's Bankruptcy Needs
We help individuals and businesses find the right solution to their money problems.

March 2016 Archives

How does a Chapter 13 bankruptcy work?

A Chapter 13 bankruptcy involves making arrangements to pay creditors according to a bankruptcy agreement. Usually this involves paying less than the total amount owed in a settlement that takes place over 36 to 60 months. You don't actually make the payments directly to the creditors, though. You pay the trustee of the bankruptcy court, who then disburses creditor payments. A Chapter 13 bankruptcy also makes it possible to keep more of your property than a Chapter 7 process does.

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 931-400-2218
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map