Chapter 13 Bankruptcy Attorney In New Britain & Bloomfield, Connecticut

What Is A Chapter 13 Bankruptcy?

If you've fallen behind on your house or car payments, a Chapter 13 bankruptcy can stop foreclosure on your home, help you keep your car, and possibly even lower your payments on your car. In some cases, you might even qualify for a plan in which you only need to pay a percentage of your debt but still retain ownership of all your assets, including your home and car. Even if you owe for past parking tickets and have lost your driver’s license as a result, a Chapter 13 proceeding can qualify you to have your license reinstated. But to take advantage of all the benefits of a Chapter 13 bankruptcy, you need an experienced bankruptcy lawyer on your side. Advanced Bankruptcy Legal Services of Connecticut has a solid record of success in handling Chapter 13 proceedings for our clients – and we can help you, too, pursue a positive outcome.

Contact Advanced Bankruptcy Legal Services of Connecticut to schedule a consultation with a lawyer today. 860-855-3257

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How A Chapter 13 Bankruptcy Works

Regardless of the intimidations made by your creditors, you have choices when it comes to resolving your debt. If Chapter 7 bankruptcy is not suitable for your financial circumstances, Chapter 13 bankruptcy can provide you with control over various aspects of your debts. Advanced Bankruptcy Legal Services of Connecticut is capable of guiding you through this process.

Chapter 13 bankruptcy offers you the opportunity to manage your debts on more advantageous terms than what your creditors are likely to propose. It enables you to:

Stop foreclosure on a home mortgage
Prevent the repossession of your car and other assets
Establish a repayment plan that suits your needs
Resolve income tax obligations without paying interest or penalties

What Happens During a Chapter 13 Proceeding?

First, you’ll need to prove your eligibility through the means test we mentioned earlier. If you’re eligible, filing for a Chapter 13 bankruptcy will stop any foreclosures, wage garnishments, repossessions, lawsuits, or other harassment by your creditors. While we’ll help you create a repayment plan, the court must approve your plan. The court will determine whether you have proposed this plan in good faith, that the amount your unsecured creditors will receive is not less than you would have paid with a Chapter 7 filing. Also, your payments must maximize all your disposable income – which means all your income that does not go toward your support and maintenance. It’s a complex process, but with an experienced bankruptcy lawyer by your side, you can have the confidence that you will come out of the process with success. To start the process, get in touch with our office today.

Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.

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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.