Queens Chapter 13 Bankruptcy Attorney
Here to Help When You Need It Most
If you are struggling to pay your debts, Chapter 13 bankruptcy may be the solution you need to start regaining control of your finances. Our experienced bankruptcy attorney can guide you through the filing process and help you set up a repayment plan.
Benefits of Chapter 13 Bankruptcy
Chapter 13 bankruptcy is best known for enabling individuals and couples to keep their property as they continue to make payments on their debts. Eligible persons must have a regular income and pass the means test.
A typical repayment plan lasts three to five years. The time period is determined based on the individual’s income and is intended to allow him or her to make payments according to what they can afford.
There are several advantages of filing for Chapter 13 bankruptcy, including:
- Stops collection actions by creditors
- Ends wage garnishments
- Prevents foreclosure
- Allows a person to stay in their home
- Provides a structured way to repay debts
- Enables tax debt repayment or even elimination
- Shows up on a credit report for seven years (three years less than Chapter 7)
- Allows individuals to reschedule most secured debts
There are, of course, some downsides to filing for this type of bankruptcy. First, while you are in bankruptcy, you will not be able to incur new debt. Also, you are not permitted to sell or transfer any property without court approval. Further, Chapter 13 bankruptcy will remain on your credit report for seven years.
We Can Help You File for Bankruptcy
Although bankruptcy should always be a last resort, the process has changed a lot of people’s lives for the better. When you come into the Law Office of Seni Popat for your free consultation, we can help you understand the advantages and disadvantages of filing for Chapter 13 bankruptcy in Queens.
For answers to questions, reach out to our experienced bankruptcy lawyer at (718) 340-3385 today.
He really went above and beyond through my bankruptcy case.- Jazzy T., via Google
He calmed my nerves before, during, and after the process.- Joseph T., via Google
I would recommend to him everyone.- Fred J., via Google
I’m so confident in Seni, I’d recommend him to anyone needing an attorney.- Andy S., via Google
A lawyer who takes the time to manage all aspects of your case personally.- Julio R., via Google
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