In recent years, the government has pushed consumers with debt problems away from Chapter 13 bankruptcy and into foreclosure mediation and modification. Chapter 13 bankruptcy, however, can address all forms of debt problems and provide specific debt relief that is unavailable through mortgage modification and other debt relief solutions.
New Haven Debt Repayment Lawyers Serving Clients Since 1983
At The Law Offices of Neil Crane, LLC, we help individuals understand how Chapter 13 bankruptcy can address their debt problems as a whole — as the global solution to debt problems. Contact a Connecticut Chapter 13 bankruptcy lawyer at The Law Offices of Neil Crane, LLC, to discuss your financial situation in a free consultation. Our law firm serves clients throughout Connecticut from conveniently located offices in Hamden, Bridgeport, Waterbury, Rocky Hill, and Ridgefield.
About Chapter 13 Repayment Plans
Chapter 13 bankruptcy is a court process that allows you to propose an affordable three- to five-year plan for reduction and repayment of any type of debt based upon your monthly ability to repay. Your repayment plan is prepared by our office, as your attorney, in accordance with applicable law and your particular income and expenses. It is a customized plan that does not require the approval of your bank or your creditors.
Chapter 13 bankruptcy stops a foreclosure immediately and allows for the repayment of past-due mortgage payments over a three- to five-year period while allowing you to restart your regular monthly payments as if no problem had occurred. It does not require the approval of your mortgage lender and will allow you to proceed even if your bank or servicing company or their attorneys don't agree. Depending on the value of your home, it also allows for the removal of second mortgages and other liens.
Chapter 13 bankruptcy provides specific relief from all types of debts, including:
- Consolidate and reorganize debt: Obtain relief from mortgages, IRS taxes, state taxes, and real estate taxes, water bills, sewer bills, and other liens that are accruing late fees, interest, and penalties
- Eliminate or reduce debt: Including credit card debts, medical bills, judgments, garnishments, repossessions, second mortgage and lien obligations, and every other type of consumer debt
Chapter 13 bankruptcy also provides co-debtor protection for all people who may have signed on a consumer debt with you.
Chapter 13 bankruptcy provides an immediate automatic "stay" against all collection efforts, garnishments, and foreclosure actions in any state, including actions commenced by the Internal Revenue Service and the Connecticut Department of Revenue Services.
Learn more about the benefits of filing for Chapter 13 bankruptcy relief.
Chapter 13 Preserves YOUR Interests, Not Your Lenders'
Chapter 13 bankruptcy has provided relief and saved the homes of thousands of Connecticut residents who have not been helped by their banks, servicing companies, modification, mediation, or other government programs. It is not a voluntary program controlled by your bank requiring months of telephone calls, letters, and effort to request help. Instead, it is an immediate court-enforced repayment of a plan created by our office in accordance with your ability to repay. The Chapter 13 bankruptcy system is not another bank-friendly handout, it is a forum created and operated for your protection to save your family's home and their future finances without the effort, cooperation, or approval of any of your lenders.
A Chapter 13 repayment plan is a plan crafted by experienced counsel and pays the most important parties in order, through one payment to a single address. The Chapter 13 plan provides for one monthly payment only to a court-appointed trustee who works on your behalf by governmental order with governmental protection for you instead of creditors. It stays and covers all debt collection efforts and requires that any creditors deal with your court-appointed trustee or our office as your counsel.
Contact The Law Offices of Neil Crane, LLC
Stop mortgage foreclosure, creditor harassment, and other debt-related problems. We offer a free consultation. Please do not hesitate to call us today at 888-249-3027, toll-free 1-800-616-DEBT, or complete our online contact form to discuss your questions and concerns with an experienced New Haven debt repayment attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
