New York Chapter 13 Bankruptcy Lawyers
Before you think of calling a debt consolidation company, contact the Law Offices of Harold J. Johnson, we can help you make prudent decisions about clearing up debt through Chapter 13 filing. Contact us today by calling 914-368-7273.
Reorganizing Your Debt
For those who do not qualify for Chapter 7 bankruptcy filing, there is Chapter 13. Rather than liquidating unsecured debt, Chapter 13 reorganizes debt into affordable payments over a three- to five-year period. If you have gotten behind on car or house payments you must pay arrears as well as the outstanding amount. However, you will not have to pay interest.
Repaying According to Ability
Sometimes called a wage-earner plan, Chapter 13 looks at your secured and unsecured debt as well as your income; the amount of unsecured debt you repay is based upon this ratio. Depending on your ability to pay, you may be able to pay off a significant portion of your unsecured debt or you may have it discharged 100 percent.
Working Toward Financial Freedom
While you are responsible for repaying what you can in a Chapter 13 bankruptcy filing, you get the satisfaction of knowing that you are moving forward and leaving financial crisis behind. Moreover, you are putting an end to over-aggressive collectors, wage garnishment and the possibility of repossession. By working with our firm and taking advantage of the strategies outlined in your mandated credit counseling, you really can emerge from the rubble of financial crisis.
Get sensible, effective solutions to your legal issues. At the Law Offices of Harold J. Johnson, we are dedicated to offering personalized assistance to the people and businesses that make up the communities in which we work and live. To reach our firm to discuss Chapter 13 bankruptcy, please call 914-368-7273. Contact us today to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
