Chapter 13 lawyers
Are you behind on mortgage payments and facing foreclosure? Do you need debt relief, but do not want to lose your home, your car, or other important assets? Is your income too high for a chapter 7 bankruptcy proceeding? Chapter 13 bankruptcy may be the answer.
Foreclosure attorney Rachel Blumenfeld, with offices in Brooklyn, New York (NY) understands that financial problems can be very stressful. She can help you determine which type of bankruptcy filing is appropriate for your individual situation and makes the process as easy for you as possible.
Why file Ch. 13?
Individual consumer debtors generally choose between chapter 7 and 13 filings. In a 13 case, you commit to repayment of a portion of your debt in a payment plan. In exchange, you can retain non-exempt assets and receive a broader elimination of debt than is available under chapter 7.
There are a number of advantages to filing a chapter 13 case. You may lower payments through a court-approved payment plan spread out over a period of time. You can stop foreclosure and repossession. You generally have no direct contact with creditors, as you make payments to a chapter 13 trustee who deals with the creditors instead.
Eligibility
This chapter of the bankruptcy code is designed for people who have assets over the exemption limits for chapter 7, and those behind in their mortgages, or who have income that does not pass the means test. In order to support your repayment plan under this chapter of the bankruptcy code, your income must exceed your expenses.
Contact foreclosure attorney Rachel Blumenfeld
If you are seeking experienced, compassionate chapter 13 lawyers, call Brooklyn, New York foreclosure attorney Ms. Blumenfeld at 718-858-9600. She understands the issues, knows how to navigate the complexities of the Bankruptcy Code and get you on the path to financial recovery. There is no obligation and your initial 30 minute consultation is free.
Providing bankruptcy advice in: New York City • Brooklyn
We are a debt relief agency. We help people obtain relief under the Bankruptcy Code.