Pierce & Shows, APLC

What are the advantages of Chapter 13?

You may feel as if filing bankruptcy is a terrible thing to do, but you should understand there is a very good reason why it is an option. Sometimes, it is the best way to fix your finances. You have options in the type of bankruptcy you file. Many people choose to file Chapter 13 because of the many benefits that it offers.

The U.S. Courts explains Chapter 13 allows you to pay back your debts using a plan. While you may not pay back everything you owe, it does give you a chance to make things right, which is wonderful if you are not happy about filing because you want to honor your promise to pay creditors. This gives you the chance to do what you can while also ensuring that you can still afford your daily living expenses.

Chapter 13 has other benefits as well. One of the biggest benefits is that you can often keep assets you used to secure debts, such as your home and your vehicle. You can roll those payments into your plan and not lose them. You also get the chance to spread out payments for your debts. This can lower monthly payments and help make them more affordable. If your concern is over a co-signer and how filing bankruptcy may affect him or her, then Chapter 13 helps with that, too. It has a provision that can offer protection for a co-signer.

Chapter 13 is a different type of bankruptcy. It is not what most people think about when they consider filing. However, it is often the best solution for those who do not want to ignore their debts, lose assets or harm a co-signer. This information is for education and is not legal advice.

No Comments

Leave a comment
Comment Information
Email Us

Offering A No-Obligation Initial Consultation

We invite you to reach out to us and schedule a consultation with one of our lawyers. The consultation is always free. We never charge anything until we establish a resolution that we agree on and is the best solution for you, your family and your situation.

Call our team today: 225-388-9574. You are also welcome to send us a confidential email.

Find The Help You Need

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy


601 Saint Joseph St.
Baton Rouge, LA 70802

Phone: 225-388-9574
Fax: 225-388-0081
Baton Rouge Law Office Map

214 South Burnside Ave
Suite 205
Gonzales, LA 70737

Phone: 225-388-9574
Fax: 225-388-0081
Map & Directions