Hudson Valley Debt Reorganization Attorneys
Due to job loss, medical emergencies and other events that are beyond their control, many people find themselves in bad financial situations that can only be solved through bankruptcy. If you are unsure of whether bankruptcy is right for you or whether you even qualify for bankruptcy, it is important to seek the advice of an experienced bankruptcy lawyer.
At Silver, Forrester & Lesser, P.C., in New Windsor, we represent Chapter 13 bankruptcy clients in Orange County and the Catskills region. To discuss your bankruptcy needs with a skilled New York Chapter 13 attorney, call us at 845.764.4757 or toll free at 866.687.1338.
Chapter 13 Bankruptcy
Unlike Chapter 7 liquidation, Chapter 13 bankruptcy is a reorganization where you submit a payment plan to the court to pay all your debts over a three- to five-year period. This is often utilized by those who do not qualify for Chapter 7 due to the means test. It is also an effective way to save a home from foreclosure.
In order to qualify for Chapter 13, you must have enough steady income to demonstrate to the court your ability to make the monthly payments during the three- to five-year payment plan.
Much like Chapter 7 bankruptcy, an automatic stay will go into effect when you file. This will protect you from creditor harassment as well as threats of repossession and foreclosure.
Contact One of Our New York Chapter 13 Attorneys
To talk with us about how attorneys at Silver, Forrester & Lesser, P.C., can put years of legal experience to work for you, contact us at 845.764.4757 or toll free at 866.687.1338.
