Filing for bankruptcy is often viewed with apprehension and as a last resort. However, for individuals facing overwhelming financial distress, Chapter 13 bankruptcy can offer a structured pathway toward regaining financial stability. This form of bankruptcy, also known as a "wage earner's plan," allows debtors to devise a plan to repay all or part of their debts. It stands out for its ability to offer individuals a chance to reorganize their financial affairs while keeping a roof over their heads.
