Repay Your Debts Through Chapter 13 Bankruptcy in New York
Individuals who are in debt may file for Chapter 13 bankruptcy protection that will allow them to repay all or part of their debts over a period of time. Under Chapter 13 bankruptcy, you will propose a repayment plan that will take into account your monthly expenses and income and will determine what you can afford to pay your creditors on a monthly basis. This form of bankruptcy may be used to discharge credit card debt, medical bills, taxes and other forms of debt.
At the Law Offices of Nathan Erlich, P.C., we represent individuals in New York City in Chapter 7 and Chapter 13 bankruptcy proceedings and help our clients find debt relief through positive solutions. If you are concerned about losing your home, vehicle or other property, you can stop foreclosure and all collection activities. You can also begin to rebuild credit soon after your bankruptcy is filed and find a fresh start to your financial future.
Learn more information about Chapter 13 bankruptcy protection by contacting attorney Nathan Erlich at our main office in Forest Hills, Queens. We also have offices throughout the Five Boroughs of New York City.
Filing for Chapter 13 Bankruptcy
Unlike Chapter 7 bankruptcy, which allows individuals to immediately discharge their debts, Chapter 13 bankruptcy is a reorganization bankruptcy that can take a period of three to five years to complete. For many people, however, there are advantages to filing for Chapter 13 bankruptcy and an experienced lawyer can help you understand what form of bankruptcy is best for your unique situation.
There is no means test to complete in order to file for Chapter 13 bankruptcy, meaning that people who do not qualify for Chapter 7 bankruptcy may be able to find relief. It is also easier to keep your home and other property in this form of bankruptcy, while discharging the kinds of debt that are more difficult to discharge in Chapter 7.
If you are thinking about filing for Chapter 13 bankruptcy, it is important that you have an experienced lawyer on your side to help you put together a plan that will protect your assets and discharge your debts. If the proposed plan is unreasonable or is not completed correctly, it could damage your ability to find debt relief. Complete the process with confidence at the Law Offices of Nathan Erlich, P.C.
Contact the Law Offices of Nathan Erlich, P.C.
Find out if Chapter 13 bankruptcy is the right option for your situation. Contact our firm to schedule a free initial consultation and discuss your financial situation with an attorney who can provide the advice you need to make responsible decisions. Call toll free at 877-518-7581 to make an appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
