Chapter 13 Bankruptcy: How It Works and Who It Helps

Episode Summary:

In this episode of Bankruptcy Unlocked, host John Clemens sits down with attorney Andrew Griffin to explore Chapter 13 bankruptcy — what it is, how it differs from Chapter 7, and who it's designed to help. Andrew provides a compassionate, plain-English breakdown of the Chapter 13 process, including how repayment plans work, what debts are included, and what options are available if you can’t keep up with your payments.

Whether you’re struggling with mounting debt or simply trying to understand your legal options, this episode delivers invaluable insights on navigating financial hardship while protecting your assets.

Timestamps:

00:00 – Introduction Welcome to Bankruptcy Unlocked, your legal path to relief.

00:44 – What is Chapter 13 Bankruptcy? Andrew Griffin explains the basics of Chapter 13 and how it differs from Chapter 7.

03:20 – Chapter 7 vs Chapter 13: Key Differences An in-depth comparison between liquidation and reorganization approaches.

05:19 – How the Repayment Plan Works Step-by-step overview of the court-approved repayment process and categories of debt.

07:40 – What Debts Are Included? Understanding priority, secured, unsecured debts — plus how student loans are treated.

10:03 – Struggling with Chapter 13 Payments: What Are Your Options? Andrew outlines solutions including plan modifications, conversion to Chapter 7, and hardship discharge.

14:06 – Nervous About the Commitment? Here's What You Should Know Advice on managing a 3–5 year repayment plan, staying motivated, and building a support system.

17:15 – Final Thoughts Hopeful message to listeners: you have options and a path forward.

About the Show:

Bankruptcy Unlocked is your trusted guide to financial relief, hosted by legal professionals who demystify the bankruptcy process. Each episode provides expert insights into the legal system, offering actionable advice and support to help you make informed decisions about your financial future. Whether you're considering bankruptcy or just want to learn more, this show is your starting point to a fresh start.