If your repayment plan isn't approved, you might need to revise it or consider other options like Chapter 7 bankruptcy, but that's something to discuss with an expert.
While you can technically file without one, it’s like going into battle without armor; having a lawyer can help you navigate the process much smoother.
Filing for Chapter 11 can ding your credit score for sure, but it's a stepping stone to a fresh start and better credit down the line if you manage your finances well.
Yes, you can usually keep your house after a Chapter 11 discharge if you stick to the repayment plan and stay current on your mortgage.
Getting a discharge in Chapter 11 can take a bit, usually several months to a few years, depending on how complex your situation is and how quickly you can make payments.