Chapter 13 Bankruptcy Lawyer in Westchester County

Dedicated Bankruptcy Assistance for the Southern & Eastern Districts of New York

Are you a debtor with a steady income who is facing foreclosure or other overwhelming debt? Do you not qualify for a Chapter 7 filing? If so, Chapter 13 bankruptcy may be a viable option for you. By filing under this chapter, you can buy the time you need to seek a loan modification or resolve the mortgage debt in another manner.

If you are facing the prospect of losing your home or other property through foreclosure, then it is critical that you take immediate action to halt the process. Through Chapter 13, you can work out a repayment plan non-dischargeable debt. You can then more easily repay your debts while keeping your home and a majority of your assets.

If you are considering Chapter 13 bankruptcy, consult with Bronson Law Offices when you call (914) 827-5238. We can inform you of what to expect before, during, and after the process

Chapter 13 Bankruptcy Explained

Under Chapter 13 of the United States Bankruptcy Code, debtors can reorganize their assets and finances under the guidance of the court. The court can approve a reorganization plan for the payment of your debt, including any overdue mortgage payments. The reorganization plan can continue for 3-5 years.

Within 14 days of filing your petition, you will need to file information about your finances with the court and submit a repayment plan based upon your "disposable income," or the amount of money you have leftover after your bills and necessary expenses are paid.

Within 30 to 45 days of filing your petition, your first payment will be due. Upon the successful completion of your payment plan, your debt will be discharged, releasing you from any further obligation.

Benefits of Chapter 13

Immediately after filing a Chapter 13 bankruptcy, the court will issue an automatic stay. The automatic stay orders your creditors to cease all collection activities. The automatic stay also postpones the foreclosure of your home, unless the lender obtains the court's permission to proceed or the foreclosure notice has already been filed

Chapter 13 can also reduce the overall amount that you owe to creditors beyond what is owed to your mortgage holder. This process can help get you back the control you need over your financial life.

Experienced Bankruptcy Counsel in Your Corner

Filing for Chapter 13 can be a very effective strategy to stop foreclosure proceedings and can allow you the option to renegotiate the terms of your mortgage. At Bronson Law Offices, we strive to provide knowledgeable legal counsel and guidance when you need it most. We can help you work toward a brighter financial future and help you maximize the chance of saving your home.

The experience of your attorney can make all the difference when you file for bankruptcy. Bronson Law Offices, P.C. has provided more than 25 years of service to individuals and families in Westchester County facing serious financial difficulties. You don't have to face your debt alone, let us help you rebuild your life today!

Call us today at (914) 827-5238 or schedule your consultation online so we can discuss the option of Chapter 13 bankruptcy.