How are Chapter 13 bankruptcy repayment plans tailored to your needs?
Understanding the different types of bankruptcy and seeking guidance from a trusted bankruptcy attorney, are the first steps towards regaining your financial independence.
Tips for reclaiming your financial future through Chapter 7 or Chapter 11.
You will need to meet certain criteria in order to qualify for relief under Chapter 13, such as demonstrating that you have a steady income to fulfill the terms of your repayment plan. Enlist the guidance of a caring bankruptcy attorney today to learn more.
Both Chapter 7 and Chapter 13 bankruptcy enable the petitioner to discharge several types of debts. However, they differ in some significant ways and carry their own eligibility requirements.
Chapter 7 bankruptcy works well for low-income individuals seeking to discharge credit card or medical debt, while Chapter 13 bankruptcy serves those with regular monthly income to slowly repay a percent of their debts over three to five years.
When you file for Chapter 13 bankruptcy in New York, the trustee will arrange a meeting of your creditors, where you will be placed under oath and asked several questions about your financial situation and your repayment plan. Read more about how to prepare for this meeting.
Chapter 13 bankruptcy, also known as a “wage earner’s plan,” allows individuals with a regular income to establish a repayment plan to pay back their debts over a period of three to five years. Talk to a trusted New York attorney today to learn more about this option.
While the prospect of filing a Chapter 13 bankruptcy may feel intimidating and overwhelming, there are several steps you can take to prepare yourself for what lies ahead. Discuss your options with a trusted and compassionate Central New York attorney today.
Chapter 13 bankruptcy gives you the time and support you need to catch up on past-due mortgage, tax, and vehicle payments as you regain control of your financial situation. Discuss your options with a compassionate attorney today.