Can a Chapter 13 Bankruptcy Stop Foreclosure?
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy
If you're facing foreclosure or repossession, filing for Chapter 13 bankruptcy can help you keep your property while you paying zero, or the least possible amount, to your unsecured debts over time. A customized Chapter 13 plan is drafted by Lee Abt for you.
You must have enough income to repay the monthly amount set in your plan. The plan provides for fixed monthly payments to be made to the Chapter 13 trustee for a period of three to five years, depending on income and other factors.
If you are behind on your mortgage payments, and want to keep your home, a Chapter 13 gives you the opportunity to save your home and cure the arrears.
Depending on your income, and expenses, you may be able to wipe out unsecured debt such as credit cards, medical bills and other unsecured debt while you are curing mortgage arrears, income tax arrears, auto loan arrears and/or child support arrears.
If you want to stop the repossession of your vehicle or are behind on your vehicle payments, filing Chapter 13 gives you an opportunity to keep your car and become current with the the lender.
If you filed a Chapter 7 within the past 4 years, your are not eligible to file a Chapter 7. However, you may qualify for a Chapter 13 where you
have a low payment plan for 3 to 5 years, paying back the lowest possible amount of your unsecured debt.
NJ bankruptcy attorney Lee Abt would be happy to explain your bankruptcy. Lee can review with you which bankruptcy best fits your needs and circumstances.
Expert Bankruptcy Law Services
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy
If you're facing foreclosure or repossession, filing for Chapter 13 bankruptcy can help you keep your property while you pay off your debts over time. Our dedicated bankruptcy attorneys can help you create a repayment plan that works for you.
Debt Relief Options
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy
If you're struggling with debt but don't want to file for bankruptcy, our team of experienced attorneys can help you explore other debt relief options that may be available to you. We'll work with you to find the right solution for your unique financial situation.
Foreclosure Defense
Chapter 13 Bankruptcy
Foreclosure Defense
If you're facing foreclosure, don't wait until it's too late. Our team of bankruptcy attorneys can help you explore your options and work to keep you in your home. We can help you understand the foreclosure process and provide legal representation throughout the process.
Credit Counseling
Credit Counseling
Foreclosure Defense
If you're struggling with debt and looking to improve your credit score, our team of bankruptcy attorneys can provide you with the resources and guidance you need to achieve financial stability. We offer credit counseling services to help you manage your debts and improve your credit score.
Bankruptcy FAQs
Credit Counseling
Bankruptcy FAQs
Bankruptcy can be a confusing and overwhelming process. That's why we've compiled a list of frequently asked questions to help you better understand the bankruptcy process and your options. Our experienced bankruptcy attorneys can provide you with the answers you need.