Are retirement benefits sufficient to fund a Chapter 13 repayment plan?

One of the primary requirements for having a Chapter 13 repayment plan approved by the court is being able to demonstrate a steady and reliable income which can fund the plan. There are no specifications on where this income must come from, and if your retirement benefits are your only source of income, they may be sufficient to cover the basic requirements of Chapter 13.

In order to discuss Chapter 13 bankruptcy proceedings with a knowledgeable legal team, call our bankruptcy lawyers at the Russell Van Beustring P.C., today at 713-973-6650.