Miami bankruptcy lawyer Robert Stiberman explores chapter 13 bankruptcy. Through a chapter 13 bankruptcy plan a debtor can get current on secured debts such as missed mortgage payments, car payments, back child support, and IRS debt. Many people have saved their homes from from foreclosure through a chapter 13 plan. In some instances, a debtor in bankruptcy can also reduce the interest rate on their car payments and reduce the overall car loan. Chapter 13 requires the debtors to make monthly payments to the bankruptcy trustee for a 36 or 60 month period and it is important to remain current to avoid dismissal of the case. Because of the monthly payment requirement, chapter 13 debtors must have regular income sufficient to fund the chapter 13 plan. Regular income can come from many sources including wages, self employment income, social security, and even family support where the debtor is not employed or has insufficient income for the monthly payments. https://g.page/r/CVAKQvSlKZJIEAE https://www.facebook.com/MrBankruptcy Click below to learn more.