Chapter 13 Bankruptcy
New Haven Connecticut Chapter 7 Bankruptcy Attorney Chapter 13 bankruptcy is a “wage earner’s plan” bankruptcy. In most situations, individuals eligible for Chapter 13 bankruptcy are homeowners with jobs who are delinquent on mortgage payments, car payments, credit card bills, and other expenses who may be seeking to save their home from foreclosure, or to prevent foreclosure from beginning. Chapter 13 bankruptcy allows you to file a plan proposing to pay your mortgage arrearage and other debts over a three to five year period. At Lenz Law Firm, LLC, we provide experienced assistance to people interested in getting a fresh start on their finances by filing Chapter 13 bankruptcy. A fresh start on your finances Chapter 13 bankruptcy is an option for people who want to save their home from foreclosure. It is also available if your family income is above the median income in Connecticut (e.g. $66,972 for a two person household). If your income is above median, the Means Test may make you ineligible for Chapter 7 bankruptcy, but not for Chapter 13 bankruptcy. However, the Means Test has a second part, which allows some over-median debtors to file Chapter 7 anyway. If you are in danger of losing your home in foreclosure or having your car repossessed, Chapter 13 is an option that can help. After you file bankruptcy, an authmatic stay is entered, that puts an immediate half to foreclosure, car repossessions, and other creditor attempts to collect their debt(s) against you. We can help you find the professional solution for your serious problem, help you take control of your finances and get a fresh start. Contact our firm today to arrange your consultation. OFFICE LOCATION 236 Boston Post Road, 2nd Floor Orange, CT 06477 Phone: 203-891-9800 Fax: 203-799-0681 Email Map & Directions