Chapter 13 Hardship Discharge

In filing for bankruptcy, you would be joining millions of people before you who have found relief from heavy debt and a chance to start fresh. Depending on your particular circumstances, there are several different types of bankruptcy to suit you. Compared with the others, Chapter 13 bankruptcy has a few advantages. One of its most useful aspects is known as the “hardship discharge.”

No matter what type of bankruptcy you file, there are certain debts that are eliminated and certain ones that remain. If you meet certain income requirements, Chapter 13 bankruptcy is distinct from the others in that it enables you to combine your remaining debts into a single monthly payment. While this can be an extremely effective way of reducing and paying off your debts, the monthly payments can become problematic in times of hardship.

Qualifying for a Hardship Discharge

It is only possible to request a hardship discharge when the inability to pay is the result of circumstances beyond the person’s control. Things like a sudden serious injury or a death in the family might qualify you, but there are two other requirements to meet as well: your Chapter 13 plan must have exceeded the benefits you would’ve received from a Chapter 7 case, and your case must not be modifiable.

If you are considering filing for bankruptcy, the help of a lawyer is indispensible for helping to ensure that you receive the full benefits you deserve for your situation. In addition, a lawyer can help you manage your bankruptcy repayment in times of hardship.

Contact Us

The experienced Boston bankruptcy lawyers of Joshua Spirn & Associates are here to help you. To learn more about getting a fresh financial start, contact us today at 800-975-5346.