Chapter 13 Bankruptcy FAQ

My only income is from retirement benefits. Can I use those to fund a Chapter 13 repayment plan?

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My only income is from retirement benefits. Can I use those to fund a Chapter 13 repayment plan?

An important part of a Chapter 13 bankruptcy plan is proving to the judge that you have enough reliable income to meet your payment obligations. Courts allow debtors to use income from many sources to fund their plan, and income from retirement benefits is included in the long list. To learn about other sources of income that may be used to fund a repayment plan, see Nolo's article Are You Eligible for Chapter 13 Bankruptcy?

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