Benefits of Filing Chapter 13 Bankruptcy in Stratford

Chapter 13 is the most successful method to stop foreclosure and prevent home loss. The filing of a Chapter 13 petition produces an automatic stay on any further foreclosure action in the state court and gives the homeowner full powers to save the home in the federal Chapter 13 Bankruptcy Court. Chapter 13 has provided relief to thousands of homeowners who have successfully saved their homes from foreclosure with the legal assistance from experienced Chapter 13 specialists. At the Law Offices of Neil Crane, we’ve been saving homes in and around Stratford, CT through Chapter 13 filings and plans of reorganization since 1983.


The filing of a Chapter 13 bankruptcy petition at any time before a law day or on approval of a foreclosure by sale will stop the foreclosure action while allowing for a three-to-five year repayment plan.

Chapter 13 is often the best if not the only means to save homes in foreclosure.

To learn more about how to save your Stratford, CT home in any stage of default or foreclosure, call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our Contact Form.

Chapter 13 Provides Powers to Eliminate or Restructure Secured Debt

Chapter 13 grants borrowers and their specialized legal counsel the power to alter secured debt in a variety of different ways, providing favorable relief for homeowners struggling with low real estate values, high mortgages and equity lines or second mortgages. By reducing secured debt to the value of the collateral, Chapter 13 allows for principal reduction in various forms of secured debt.

Experienced Lien Removal Attorneys Under Chapter 13 Bankruptcy

Liens placed on real estate are subject to removal under special provisions in Chapter 13.

Chapter 13 allows for the removal of liens on property through a motion to determine that no equity truly exists to support the lien position. To the extent the lien is under-secured, or unprotected by value in the property, it can be removed by motions brought in the Chapter 13 proceeding. Removed liens are then permanently treated to unsecured status and treatment under the Chapter 13 Plan which could call for complete elimination of the removed lien and debt.

Chapter 13 Covers the Full Range of all Forms of Debt

Chapter 13 provides for the elimination, reduction or restructuring of all forms of debt without exception and treats debts in order of importance or priority. Chapter 13 protection and Plans cover:

  • Real estate tax repayment plans
  • Mortgage repayments
  • Tax elimination or repayment
  • Credit card elimination or reduction

Chapter 13 is the leading means to save homes from foreclosure by instituting an automatic stay against any foreclosure action at any stage and allowing for a repayment of secured debt over a three-to-five year repayment plan. This can be done at any time prior to the strict foreclosure law day or sale date.

To learn more about the comprehensive benefits of filing Chapter 13, call our experienced Chapter 13 attorneys at 203-230-2233 or toll free at 1-888-249-3027. Or complete our online Contact Form.