(413) - 747 0700 info@gkalawfirm.com


Chapter 13 Bankruptcy

Chapter 13 of the bankruptcy code gives debtors the opportunity to repay some or all of the debts that are in their name, in better terms, lower or no interest. Debtors have the ability to use income they have in the future to pay off creditors.

A time frame of 5 years is allotted for debtors to be able to pay of their creditors in full. Your attorney will safeguard your interests, while the entire process is carried out under court supervision. A new interest free plan is approved by the court, which allows debtors to repay their creditors and still retain all of their property, unlike Chapter 7 bankruptcy. A list of transactions and time duration is created for this process. Thirty to forty-five days after the case has started, payments must begin to be made.

To know if Chapter 13 Bankruptcy is the right choice for your financial interests, you will first need to fill out an evaluation form as with all Chapters of Bankruptcy


Do I Qualify for Chapter 13 Bankruptcy?

Individuals must show consistent and sufficient income to pay their proposed payment plan payments in order  to qualify for Chapter 13 Bankruptcy. Those who have enough income to make the restructured payments to creditors can qualify for Chapter 13.


You qualify for Chapter 13 if you:

  • Have a significant amount of debt
  • Have enough monthly income to pay a portion of your debt 
  • Like the idea of paying something to creditors, even if this a small amount 
  • Are current in your tax filings
  • Seek to rebuild your credit by demonstrating a positive payment record to the Trustee


How Long Does The Chapter 13 Process Take?

The process takes 36-60 months on average, but can be completed faster. Your circumstances impact the type of payment plan that the court will approve to resolve your debts. One of the benefits of working with Goldsmith, Katz & Argenio is that you will have our legal expertise and ability to leverage our experience with the debt relief process , getting you on your way to financial freedom sooner rather than later.

Will My Credit Rating Recover After?

Yes, with the right steps you can begin rebuilding your credit immediately after bankruptcy — but strengthening  your score can take several years depending on your score and your ability to repay creditors.

over 30 years with a repuation of excellence

We have over 30 years experience helping various clients with their legal needs, with experienced and board-certified attorneys. We put our emphasis on helping our clients do what is in their best interest, and our clients’ needs always come first.


Schedule a free, no-obligation consultation with one of our experienced attorneys to review your case.


Our attorneys will help you decide what course of action is the correct decision for your particular situation.


We will be your partner and guide you through the law so you can have every advantage your entitled to.

Meet Our Attorneys

We Have a Team of Experienced, Trustworthy and Compassionate Attorneys

Jonathan R. Goldsmith


Thomas E. Argenio


Goldsmith, Katz & Argenio, P.C. is a well-established law firm in Springfield, Massachusetts dedicated to providing effective and efficient representation in a wide array of legal matters. We represent business and individual clients throughout Western Massachusetts, providing personal service and responsiveness that exceeds what is offered by larger firms.


Phone number

(413) 747-0700

(413) 737-5996

Fax number

(413) 781-3780 

(413) 747-0414




Monday-Friday: 7:00 – 5:00

Saturday: By Appointment

Sunday: By Appointment

Holidays: Closed