If you are in financial difficulties but are over the exemption limits to file Chapter 7 Bankruptcy, then Chapter 13 may be your best option. This also is a good answer to the problems of being in arrears on your mortgage, but consulting with a Chapter 13 Bankruptcy attorney should be your first step to take for determining the best solution.
Get the legal advice and representation you need to deal with financial problems at the Law Office of Stephen B. Kass, in NYC and in Long Island. We have helped numerous NY clients get relief from financial difficulties, harassment and collection attempts over the past 15 years. We welcome the opportunity to serve new clients, and want to help you improve your financial situation. There are several options to consider, but selecting the best one requires a personal consultation about your unique situation.
Chapter 13 Bankruptcy
This form of bankruptcy allows you to work with the Bankruptcy Court to establish repayment plans that better fit into your current financial picture, including income and expenses. You will be repaying some portion of your debt relatively quickly, within a 3 to 5 year period. You must, however, have an income that exceeds expenses and that will allow you to support the plan requirements.
Our law firm specializes in NYC Bankruptcy and Tax Law cases. If your problem is that you are in arrears on your mortgage and threatened by foreclosure, it is possible that our attorneys at the Law Office of Stephen B. Kass can obtain a forbearance agreement for you. This enables you to create a repayment plan to catch up with your payments and stops collection efforts. If this does not meet your needs or ability to pay, you can still file for Chapter 13 Bankruptcy to get more time for repayment of those arrears. Stop living in fear and make a positive move to end your financial distress.
Get a Fresh Start Now
Tens of thousands of people have gone through NY bankruptcy actions to solve their debt problems. Most qualify for Chapter 7 Bankruptcy, but others who have more non-exempt assets select Chapter 13 plans for best results. Bankruptcy is not a solution that you should try to achieve on your own, without legal representation from an attorney who is familiar with NYC Bankruptcy and Tax Law. At the Law Firm of Stephen B. Kass, you work closely with skilled lawyers who understand your dilemma and who are experienced with current laws.
Call toll-free now, at (866) 244-7990, to arrange for your first appointment to discuss your case with us. Relief and repayment plans can improve your future financial outlook, and give you a fresh start again.