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Chapter 13 Is A Versatile Bankruptcy Solution

Chapter 13 is a versatile debt relief tool. If you have a reliable income, a Chapter 13 repayment plan may be your road back to financial health. Chapter 13 allows married couples and individuals to structure a plan to pay off all, or a portion, of their debts over a three- to five-year plan. Commonly referred to as the wage-earner plan, Chapter 13 can allow you to protect assets and obtain a debt-free future.

Crafting An Effective Plan To Allow You To Regain Financial Stability

At Veitengruber Law, with offices in Monmouth County and Burlington County, we work directly with individuals and married couples to craft the best legal solutions to tough financial problems. Our bankruptcy lawyer and skilled legal team will leave no stone unturned to craft the debt solution strategy best suited to your financial troubles. Many individuals mistakenly believe that a Chapter 13 plan will leave them with few resources to put food on the table. We will thoroughly review your expenses and income and craft a reasonable budget to get you back on a firm financial standing.

If Chapter 13 is appropriate for you, we will explain the versatility of this method of eliminating debt. Some important strategies that Chapter 13 may provide include:

  • Lien stripping: Many New Jersey homeowners, from Atlantic City to Wall to Bordentown, have second or third mortgages. When the housing market collapsed, the strain pushed many properties underwater, especially those encumbered by a second mortgage. If you owe more than your house is worth, you may be able to strip a second or third mortgage lien through Chapter 13 bankruptcy.
  • Protecting your home from foreclosure: Filing for bankruptcy will put a halt to foreclosure if you file before the sheriff’s sale. You may be able to get caught up on missed mortgage payments in a Chapter 13 plan. Loan modifications are possible, even when you file bankruptcy. Our comprehensive approach to foreclosure defense can be your advantage in protecting your home.
  • Making up arrears in other payments: In addition to arrears on your mortgage, you may be able to eliminate all or part of many nondischargeable past-due payments, including unpaid taxes, past-due child support and delinquent student loan payments.

Turn To An Experienced Lawyer Devoted To Solving Debt Problems

Arrange a no-pressure consultation with our bankruptcy and debt relief attorney to learn whether bankruptcy is right for you. We will provide you with a plan to allow you to regain control of your life. Call (732) 852-7295 or send us an online message to request your free initial consultation. Call or email to schedule an appointment at our Bordentown office location.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.