When falling on hard times, Chapter 13 bankruptcy provides individuals with an opportunity to pay off all or a portion of their debts over time without surrendering their property. More specifically, your monthly debt payments will be re-structured in a way that ensures payments will be affordable within your budget.
Chapter 13 bankruptcy is advantageous because it provides homeowners with an opportunity to prevent their home from foreclosure. Rather than the lender forcing you from your home, you can make delinquent mortgage payments over time, and continue to live in the home that you worked so hard to own.
Please note, that if you do not qualify for Chapter 7 bankruptcy protection, you can still file for Chapter 13. A bankruptcy attorney will help you figure out which one you should file for.
If you need help understanding the bankruptcy law or filing for Chapter 13 bankruptcy, please call or email me, or you can fill out the form below. I am located in Buffalo, NY and focus on bankruptcy related cases. I personally work on each of my clients’ cases, so you never need to worry about being treated like just another number and handed off to junior attorneys.
Contact the Law Office of Thomas Denny in Buffalo NY for further information about filing for Chapter 13 bankruptcy.