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Chapter 13 Bankruptcy - Repayment Plans
In recent years, the government and banks have pushed consumers with debt problems away from Chapter 13 bankruptcy and into foreclosure mediation and modification, which fail in record numbers - 70% of all Connecticut modification requests have been slowly and painfully denied. Furthermore, even when rarely granted, these banks and government options can only address and impact mortgage payments. Chapter 13 bankruptcy, however, can address all forms of debt problems and provide mortgage relief and the necessary comprehensive debt relief that is unavailable through mortgage modification and other debt relief solutions.
New Haven Debt Relief Lawyers Serving Clients Since 1983
At The Law Offices of Neil Crane, LLC, we help individuals understand the pitfalls of false government and bank promises. Instead, we utilize proven methods like Chapter 13 bankruptcy, which addresses our clients' debt problems in entirety - as a whole - Chapter 13 saves homes and provides global solutions to all your debt problems. Contact an experienced Connecticut Chapter 13 bankruptcy lawyer at The Law Offices of Neil Crane, LLC, to discuss your financial situation in a free consultation. We can help. Our law firm serves clients throughout Connecticut from conveniently located offices in Hamden, Bridgeport, Waterbury, Rocky Hill, and Ridgefield.
About Chapter 13 Repayment Plans
Chapter 13 bankruptcy is a court process that allows you to propose an affordable three- to five-year plan for mortgage solutions and reduction and repayment of any type of debt based upon your monthly ability to repay. Your repayment plan is prepared by our office, as your attorney, in accordance with applicable law and your particular income and expenses. It is a customized plan that does not require the approval of your bank or your creditors. Only the correct Plan creates the correct solution. For a properly customized Chapter 13 Plan, you need to rely on the practiced insight and assistance of an experienced Chapter 13 attorney like those working here at the Law Offices of Neil Crane.
Chapter 13 bankruptcy stops a foreclosure in any stage immediately and allows for the repayment of past-due mortgage payments over a three-to-five year period while allowing you to start making your regular monthly payments again as if no problem had occurred. It does not require the approval of your mortgage lender and will allow you to proceed even if your bank or servicing company or their attorneys don't agree. Depending on the value of your home, it also allows for the removal of second mortgages and other liens.
Chapter 13 bankruptcy provides specific relief from all types of debts. Our properly prepared Chapter 13 Plans will:
- Consolidate and reorganize all forms of secured or unsecured debt: Obtain relief from mortgages, IRS taxes, state taxes, and real estate taxes, water bills, sewer bills, and other liens that are accruing late fees, interest, and penalties
- Eliminate or reduce debt: Including credit card debts, medical bills, judgments, garnishments, repossessions, removal of second mortgages and other liens, and every other type of consumer debt Chapter 13 bankruptcy also provides co-debtor protection for all people who may have signed on a consumer debt with you.
Chapter 13 bankruptcy provides an immediate automatic "stay" against all collection efforts, garnishments, bank executions, and foreclosure actions in any state, including actions commenced by the Internal Revenue Service and the Connecticut Department of Revenue Services.
At the Law Offices of Neil Crane, we are the largest provider of Chapter 13 relief in Connecticut.
Learn more about the benefits of filing for Chapter 13 bankruptcy relief. At the Law Offices of Neil Crane, we've crafted thousands of successful customized Chapter 13 Plans. To learn more, speak with us directly at 203-230-2233 or toll free at 1-888-249-3027. We never use voicemail.
Chapter 13 Preserves YOUR Interests, Not Your Lenders'
Chapter 13 bankruptcy has provided relief and saved the homes of thousands of Connecticut residents who have not been helped by their banks, servicing companies, modification, mediation, or other government programs. It is not a voluntary program controlled by your lender involving months of delay, unreturned telephone calls lost letters, lost documentation, untold effort and aggravation. Instead, it is an immediate court-enforced repayment of a plan created by our office in accordance with your ability to repay. The Chapter 13 bankruptcy system is not another bank-friendly handout, it is a forum created and operated for your protection to save your family's home and their future finances without the cooperation, or approval of any of your lenders. It is an entire court system created and run for the protection of borrowers in trouble. It is a system of powerful and swift solutions for people just like you and your family.
A successful Chapter 13 repayment plan is a plan properly crafted by our practiced and experienced Chapter 13 lawyers. With our knowledge and experience, we create plans that assure parties are paid in order of importance, through one monthly payment to a court-appointed trustee who disburses the funds on your behalf with full1 protection for you instead of creditors. Our customized Chapter 13 Plans pay debt in order of importance with mortgages and taxes ahead of any payment to unimportant debts like old credit cards or medical bills which are reduced or eliminated in entirety. Chapter 13 automatically stays all debt collection efforts and requires that any creditors cannot contact you and instead must deal with your court-appointed trustee or our office as your counsel.
Contact The Law Offices of Neil Crane, LLC
Stop mortgage foreclosure, creditor harassment, and other debt-related problems. We offer a free consultation. Please do not hesitate to call us today at 203-230-2233, toll free at 888-249-302, or complete our online contact form to discuss your questions and concerns with an experienced Chapter 13 debt repayment attorney.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code