Work with an Experienced Local Bankruptcy Lawyer Near You Today!
While Chapter 7 bankruptcy is referred to as “liquidation,” Chapter 13 bankruptcy, also known as “reorganization bankruptcy,” gives a person the ability to restructure his or her debt into manageable payments over a period of time – typically either three or five years. In order to qualify for Chapter 13 bankruptcy, a person must have some form of income, and his or her income must be sufficient to fund a repayment plan. Chapter 13 Bankruptcy lawyer near me?
Contact JPPLAW – FREE CONSULTATION!
Chapter 13 bankruptcy allows you to reorganize your debts so that you can avoid repossession and / or foreclosure. If you are receiving foreclosure notices or you have fallen behind on your mortgage, Chapter 13 is a powerful tool to help you regain control. The moment you file for bankruptcy, an automatic stay is put into place, which halts foreclosure proceedings and other debt collection methods.
Start to Finish 36 or 60 Months
Contact JPPLAW; speak with Attorney Jason P. Provinzano, and establish a game plan
Complete an at-home credit counseling course, which takes about an hour (online or over-the phone)
Your case is filed and the automatic stay goes into effect – no more creditor harassment
We submit your Chapter 13 Plan (repayment plan) to the Bankruptcy Court for approval
30 - 40 days after your case is filed, we attend a Bankruptcy 341(a) Meeting which is held over-the phone. (Never go to Court)
A confirmation hearing will be held 30-45 days after your bankruptcy 341(a) meeting (you don’t attend)
Complete an at-home debtor education course, which takes about two hours (online or over-the phone)
Once your thirty-six or sixty month payment plan is complete, all remaining debt will be discharged (You are good to go!)