About Chapter 13 Bankruptcy
For many people facing financial challenges, Chapter 13 may be the best option. At The Law Offices of Neil Crane, LLC, in Hamden, Connecticut, we can help. Since 1983, our lawyers have been helping people throughout the state file for bankruptcy, stop creditor harassment, and put an end to debt. If you are facing these problems, contact us by calling 203-230-2233.
Chapter 13 is a federal court procedure for the de-acceleration and repayment of mortgage obligations. It creates an immediate stop — known as an "automatic stay" — of the foreclosure process, stopping a pending foreclosure and allowing for repayment of the past due mortgage installments over a three-to-five year time period. Chapter 13 bankruptcy may also allow you to begin regularly scheduled monthly mortgage payments as if no previous default had ever occurred.
There are many benefits to filing chapter 13 bankruptcy. These include:
- Saving your home from foreclosure
- Being able to pay back your debt in a manageable payment
To qualify for Chapter 13, you may need to prove that you can make these payments. Most people who qualify are people who lost a job but found a new one, or experienced an illness but now are able to work again.
Saving Homes Under Chapter 13
Our Hamden, Connecticut, law firm has a successful record of saving homes under Chapter 13. The filing of a Chapter 13 bankruptcy at any time prior to the approval of a foreclosure by sale will provide an immediate federal court stay on all collection actions while allowing borrowers time for repayment. Chapter 13 often represents the best — if not the only — means to save homeowners in trouble, particularly given the banks' unwillingness to take meaningful steps to assist homeowners. With early and thorough preparation, our office has successfully saved hundreds of Connecticut homes.
Contact Us
We offer a free consultation. Please do not hesitate to call us today at 203-230-2233, toll-free 1-800-616-DEBT, or complete our online contact form to discuss your questions and concerns with an experienced attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
