Chapter 13 Bankruptcy Attorney

20+ Years' Experience Helping Clients File for Chapter 13

Each year, millions of Americans find themselves struggling to repay debts and loans. Even as the economy shows signs of recovering from the downturn, many people still feel the repercussions of the recession. If you are one of the many individuals who are struggling to make ends meet, you need to contact the Law Offices of David Brodman.

At our New York bankruptcy law firm, we are proud to have more than 20 years of experience providing outstanding representation to individuals and families throughout the Bronx area, and we may be able to help you as well. Being in debt does not have to be a permanent situation; you can become debt free. The Bronx bankruptcy attorney from our firm can help you understand the benefits of Chapter 13 bankruptcy.

Take the first steps today and request your free consultation with a Chapter 13 bankruptcy attorney near you now. Call (718) 354-8027 today!

Advantages of Filing for Chapter 13 Bankruptcy

Chapter 13 bankruptcy is different from Chapter 7 bankruptcy in that your assets and property will not be liquidated to repay debts. When you file for Chapter 13, you will have a chance to consolidate your debts and repay them over the course of a few years. The goal of this specific chapter is to help provide individuals with the tools they need to enhance their ability to manage their finances, all under the court's approval.

Chapter 13 Repayment Plans

If you are approved to file for Chapter 13 bankruptcy, the court will provide you with a repayment plan. This plan will help you make small payments toward your debts and loans over the course of a few years. The payment plan must be approved by the court and the lenders prior to the plan going into effect.

When determining the amount that will be paid, the court will look into your disposable income, which is the amount of income you have after bills and taxes are paid. The court will personalize a plan specific to your case. The Bronx chapter 13 attorney from our firm can work with you and the court to ensure that a fair and reasonable payment plan is created.

Bankruptcy Automatic Stays

In Chapter 13 bankruptcy, an automatic stay is a powerful legal provision that goes into effect immediately upon filing the bankruptcy petition. This stay is a court order that halts most collection actions by creditors, providing the debtor with immediate relief and protection from harassment. The automatic stay in Chapter 13 serves as a shield against actions such as foreclosure, repossession, wage garnishment, or creditor lawsuits. It allows the debtor the breathing room needed to propose and implement a feasible debt repayment plan over three to five years. During this period, creditors are legally prohibited from pursuing further collection efforts, providing the debtor with a structured opportunity to reorganize their finances and work towards a fresh financial start.

Understanding Chapter 13 Bankruptcy

Chapter 13 bankruptcy, also known as a "wage earner's plan," allows individuals with regular income to develop a plan to repay all or part of their debts. This type of bankruptcy can be beneficial for those who have a steady income but are struggling to manage their debt payments.

Some key points to understand about Chapter 13 bankruptcy include: 

• Ability to keep your property: Unlike Chapter 7 bankruptcy, Chapter 13 allows you to keep your property and assets while restructuring your debts through a repayment plan.
• Debt repayment plan: Through Chapter 13, you can create a manageable repayment plan that allows you to catch up on missed mortgage or car payments, pay off non-dischargeable debts, and reorganize your finances.
• Protection from creditors: Filing for Chapter 13 bankruptcy provides protection from creditors, stopping foreclosure, repossession, and wage garnishment.
• Fresh financial start: Chapter 13 bankruptcy can provide a fresh start, allowing you to reorganize your finances and work towards a debt-free future.

If you are considering filing for Chapter 13 bankruptcy, our experienced attorneys at the Law Offices of David Brodman can guide you through the process and help you create a customized repayment plan that fits your financial situation.

Why Choose Our Bronx Chapter 13 Bankruptcy Attorney

• Expertise in Chapter 13: With a focus on New York bankruptcy law, David Brodman has a deep understanding of Chapter 13 bankruptcy, offering comprehensive legal solutions tailored to your unique financial situation.
• Personalized Guidance: We recognize that every client's financial challenges are unique. Our Bronx Chapter 13 bankruptcy lawyer provides personalized guidance, thoroughly assessing your circumstances to develop a customized strategy.
• Debt Repayment Plans: Chapter 13 bankruptcy involves creating a manageable repayment plan to satisfy creditors. David Brodman will work closely with you to structure a plan that aligns with your income and financial goals.
• Legal Advocacy: From the initial filing to court appearances, our attorney provides steadfast legal advocacy, ensuring your rights are protected throughout the Chapter 13 bankruptcy process.

Work With the Law Offices of David Brodman Today!

Debt can be stressful, and without the representation of an attorney, you could find yourself trying to navigate the federal bankruptcy laws alone. It is important that you contact the trusted Bronx bankruptcy lawyer from the Law Offices of David Brodman right away. Our firm stands ready to provide you with solid representation and to aggressively pursue the best possible resolution to your case.

You deserve to be debt-free, and with the guidance of our firm, you could be. If you have questions or concerns about your eligibility to file for Chapter 13 bankruptcy, do not hesitate to contact the Law Offices of David Brodman and schedule a consultation with our firm. Complete a free case evaluation form to get started!