Manchester, CT Chapter 13 Bankruptcy Lawyers

Many Manchester, CT residents with financial difficulties find that they are facing a myriad of debt problems. Problems in one area often combine with other debt issues leading to an overall financial storm. After a proper legal analysis, these overlapping problems may be best resolved through some type of court protection. Chapter 13 bankruptcy provides protection for individuals and families seeking to protect assets and reorganize in a global manner that solves all of their financial problems.

 

What is Chapter 13?

Chapter 13 is a form of court protection for individuals in need of relief from banks, collectors or factory foreclosure attorneys seeking to take their homes or their paychecks and personal assets. Chapter 13 protects all individuals with household income from any source. It is a court-ordered plan for reorganization of your finances created by our experienced Manchester, CT Chapter 13 attorneys. It is always customized to fit your individual income and your specific expenses.

 

To learn more about all the advantages of Chapter 13, call our experienced attorneys at 203-230-2233 or toll free at 1-888-249-3027. You'll speak directly with an attorney. We don't ever use voicemail.

 

Using Chapter 13 to Stop Foreclosure and Save Your Home at the Law Offices of Neil Crane

 

Manchester residents continue to struggle in their efforts to save their homes from foreclosure and relieve the pressure of other overwhelming debts. Chapter 13 is the primary method to prevent homes lost to foreclosure. It requires banks to accept missed payments on defaulted mortgages or mortgage modifications over a three-to-five year repayment period. Foreclosure actions are immediately stopped by the filing of a Chapter 13 petition which places an "automatic stay" on all foreclosure proceedings.

To learn more about saving homes from foreclosure call us at 203-230-2233 or toll free at 1-888-249-3027. Or fill out our simple online Contact Form for a prompt response to your inquiry today.

 

Succeeding Through the Chapter 13 process

The key elements to success in the Chapter 13 process are exacting preparation, full documentation, and formulation of the perfect Chapter 13 plan.

All Chapter 13 Plans need:

1. Proper debt prioritization focusing limited resources on your most important obligations, with less important obligations paid only if possible.

2. Customization of the Chapter 13: This means a plan that addresses your highest priority debts before other debts based on the specifics of your individual or family budget.

 

Full Debt Coverage Under Chapter 13 Bankruptcy

 

One of the greatest features of Chapter 13 bankruptcy is complete coverage of all forms of debt without exception. Chapter 13 can reduce, eliminate, or restructure any type of debt, including:

  • Restructuring mortgages
  • Foreclosure problems
  • Elimination or reduction of unsecured debt
  • Elimination or reduction of under-secured debt
  • Elimination or reduction of tax debt
  • Restructuring real estate taxes

Successful Chapter 13 plans are created in the preparation phase long before filing. Our Chapter 13 lawyers know how to create plans customized to each person's monthly income and expenses.

 

Contact Us for a free initial consultation with an experienced Manchester Chapter 13 lawyer. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our simple Contact Form for a prompt response.