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Chapter 13 Bankruptcy
Stop Foreclosure and Repossession in Mississippi
For individuals and families facing foreclosure or repossession, Chapter 13 bankruptcy may be the best path forward. Unlike Chapter 7, which eliminates debts outright, Chapter 13 allows you to reorganize your debts into a manageable repayment plan, typically spread over three to five years. Hughes Law Group has helped countless clients across North Mississippi protect their homes, vehicles, and assets while reducing or restructuring debt.
What Is Chapter 13 Bankruptcy?
Also known as “reorganization bankruptcy” or “wage earner bankruptcy,” Chapter 13 enables you to keep important assets while repaying creditors through a court-approved plan. This option is ideal for people who:
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Are employed or have a steady income
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Own assets they want to keep
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Carry debts they cannot afford to pay in full
Most filers repay only a fraction of their original debt, making Chapter 13 a powerful tool to regain financial stability.
Why Consider Chapter 13?
Chapter 13 may be the right choice if:
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You don’t qualify for Chapter 7 bankruptcy due to income or debt levels.
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You need help saving your home from foreclosure.
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You want to keep your vehicle but reduce loan payments (“cram down”).
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You are overwhelmed by multiple bills and need one manageable monthly payment.
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You want creditor harassment, wage garnishment, and repossession to stop immediately through the automatic stay.
When your repayment plan is completed, your remaining eligible debts are discharged, giving you a fresh financial start.