Chapter 13 Bankruptcy

Chapter 13 bankruptcy is primarily focused on individuals who are seeking a way to rid themselves of debt without having to part with the valuable assets that they possess. As opposed to Chapter 7, which involves asset liquidation in order to assist in the repayment of creditors, Chapter 13 enrolls you in a creditor payment plan, allowing you to pay towards your debts on a manageable monthly basis.

New York Chapter 13 Bankruptcy Attorney

John Weber & Associates PC is dedicated to helping individuals who find themselves burdened by financial stress. With a thorough assessment of your individual financial circumstances, we can determine the best path towards financial freedom. One of the choices for bankruptcy is Chapter 13. Chapter 13 is a common form of individual bankruptcy. Unlike Chapter 7, all assets are maintained by the debtor who agrees to pay a portion of future income to creditors. The amount and period of repayment depend upon a variety of factors such as the amount of annual income and value of property. The time of repayment cannot exceed five years and Chapter 13 will remain on your credit report for 7 years.

The types of debts that can possibly be consolidated under Chapter 13 bankruptcy include:

  • American Bankruptcy ReportsMortgage payments and arrears
  • Credit card debt
  • Medical bills
  • Automobile payments
  • Past due propert taxes
  • Past due HOA dues
  • IRS debt
  • Marital Agreement debt
  • and many others…

We Are Here To Help

Chapter 13 bankruptcy can often provide more relief than other alternatives such as debt consolidation, credit consolidation, and debt settlement. By taking a comprehensive approach to your goals and financial situation, we can determine the best option for you.

Why spend another sleepless night worried about your financial future? Call John Weber & Associates PC at (631) 321-6065 and take the first step towards a brighter future….