My name is Ron Drescher. I’m an attorney practicing
bankruptcy and creditors’ rights in Maryland, Delaware, Pennsylvania and Virginia, and today
I want to answer the question it looks like I have to file a Chapter 13 case. How long
am I going to have to be involved in that? Well the answer to that question is, like
so many lawyers say, it depends. It depends upon your income, and it depends upon your
assets, and it depends upon whether not you have priority non-dischargeable claims because,
ideally if your income is below the median income from your state, then you can have
a 36month plan. For most other people, and really for most debtors, the Chapter 13 plan
goes 60 months, and that’s how long you have to pay over all of your net disposable income
to a Chapter 13 trustee in order to discharge your dischargeable debits. My name is Ron Drescher. I’m an attorney practicing
bankruptcy and creditors’ rights, and you have a question about what’s going to be involved
in your Chapter 13 case, please pick up the phone and call me. I would love to hear from
you.