The prospect of not qualifying for a Chapter 7 bankruptcy after years of financial stress with creditors calling can be an overwhelming and discouraging moment. You should know that you still have options through Chapter 13 bankruptcy. While your debt cannot be liquidated through Chapter 13, we can help consolidate what you owe into one easy and manageable payment.
Your fresh start begins at the Law Offices of Jeffrey S. Graff.
Managing Unmanageable Debt With Chapter 13 Bankruptcy
Most wage earners who do not qualify for Chapter 7 bankruptcy simply make too much money to liquidate their debts. Still, they have a tremendous debt burden that needs attention. They can no longer manage payments on loans and credit cards with growing interest coupled with late fee after late fee.
While you are not technically free of debt in a Chapter 13 bankruptcy, you now have a much easier debt repayment plan. Crushing interest goes away, and you have time to take care of your obligations - in some cases up to five years - depending on what you owe.
As soon as you file Chapter 13 bankruptcy, an automatic stay takes effect which bans creditors from taking any actions against you. When you are free from creditor harassment and the potential of lawsuits, you can concentrate on finally getting out of debt and moving on with your life.
Giving You the Opportunity to Keep Your home
One of the greatest benefits of a Chapter 13 bankruptcy is the chance to keep your house. Payments have fallen behind and a foreclosure notice has been served. A Chapter 13 bankruptcy filing stops the home foreclosure process immediately. At the Law Offices of Jeffrey S. Graff, we can help you keep your long-time family house.
Not only can you save your home through Chapter 13 bankruptcy, you can also reduce your car payments provided you have owned the car for more than two and one-half years.
