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Long Island Chapter 13 Bankruptcy Lawyer

Saving Your Home From Foreclosure With Chapter 13 Bankruptcy

  • If your home is about to go into foreclosure, or you are in foreclosure, a Chapter 13 bankruptcy is what can be used to save your home.
  • A Chapter 13 is a bankruptcy that lasts from 3 years (36 months) to 5 years (60 months). During that time, you pay your regular mortgage and car payments in addition to a monthly payment to the Bankruptcy Trustee assigned to your case.
  • The check to the Bankruptcy Trustee includes a small amount of money which goes toward catching up on your mortgage arrears, tax arrears and car payment arrears, if any. In addition, a portion will be applied to your unsecured debt (typically credit cards, personal loans and medical bills).
  • This is done by filing a “Plan” with the Court which shows the Court how long it will take for you to catch up, and how much money you will be paying to the Bankruptcy Trustee each month.
  • The mortgage company is forbidden by the Court from taking your home, or taking any legal action against you during this time. In fact, they can’t even write to you or call you on the phone!
  • Once you have caught up, your Chapter 13 bankruptcy ends and you go back to paying your mortgage as you did prior to falling behind. The mortgage company cannot discriminate against you or take any action against you for having filed for Chapter 13.
  • In a Chapter 13 Bankruptcy filing, you keep all of your assets! You will not loose anything as long as you keep up with your Chapter 13 plan payments, current monthly mortgage payments, and automobile payments (if any).

Why should you contact our office to save your home and consider Chapter 13 bankruptcy?

Our bankruptcy lawyer's office has a great deal of experience and have filed thousands of Chapter 13 bankruptcy cases. We are friendly, knowledgeable and affordable and have easy payment plans. We genuinely care about helping you with your situation and will help you succeed every step of the way. In addition, we do not believe that the client should have to fill out long questionnaires. We do virtually all of the work for you! Just follow our simple instructions and you will be successful.

Please give us a call for a free confidential consultation. We would like to assist you in any way possible. You may reach us at (631)BANKRUPT or (631)549-1111

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