Chapter 13 Bankruptcy and Your Financial Future
Many people are fearful about filing for bankruptcy or even seeking professional advice about their finances or the advantages of bankruptcy protection. They worry that they may never again be able to get a credit card or purchase a home. Don't allow these myths and the scary nature of financial problems to keep you from learning about options that are available to protect you and solve your problems.
At The Law Offices of Neil Crane, LLC, in Hamden, Connecticut, our attorneys place great emphasis on working closely with our clients. When you hire our law firm, we will work directly with you to address all aspects of your specific problems and challenges. Our attorneys answer your questions and give practical advice with one goal in mind: restoring you to financial health in your life after bankruptcy.
In our conversations, we address all the basics of financial health:
- Avoiding second mortgages: Chapter 13 allows for the removal of second mortgages, equity lines and HELOC loans. We believe that all second mortgages are bad mortgages. Houses are designed to provide your family with stability. Never use your house as a bank.
- How to avoid credit card solicitations: In your life after bankruptcy, you will be faced with numerous offers for pre-approved credit cards. These should be handled with extreme caution, or thrown directly in the trash. Rebuild your credit but avoid revolving debt.
- How to budget: Chapter 13 provides you and your family with a Plan and a procedure to create a workable, solid monthly budget.
- Your debt-to-income ratio: Chapter 13 results in full debt relief and assures a healthy debt-to-income ratio. Your debt-to-income ratio determines your ability to stay current on life's daily expenses without the loss of precious income to overwhelming debt payments.
We understand that many people file for Chapter 7 or Chapter 13 bankruptcy for reasons that were completely unexpected and not their fault. They faced overwhelming financial upheavals, medical bills, divorce, job loss or lower wages. While these things are beyond your control, your financial future can be in your control again. With our dedicated lawyer's help, you can truly have a successful life after bankruptcy.
Seek a Lawyer's Advice Regarding Your Life Under Chapter 13
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 attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.