Reduce and Reorganize Consumer Debts with Chapter 13 Bankruptcy
Bad things do happen to good people. Unplanned medical bills, cutbacks in overtime pay, or separation and divorce can lead to debt problems. If you are having difficulty meeting your monthly bills, Chapter 13 bankruptcy can help you keep your house and repay your debts.
Filing Chapter 13 bankruptcy lets you set up regular payments for repayment of debt, so you can keep your car, possessions, home or business.
- Eliminate Credit Card Debt
- Eliminate Medical Bills
- Stop Foreclosures
- Stop Wage Garnishments
- Stop Telephone Harassment
- Stop Lawsuits
- Stop Collection Attempts
- Save Your Home
- Save Your Car
- Save Your Business
If you have regular income but not enough to make your monthly payments, contact skilled Connecticut bankruptcy lawyer Mark Kratter about reorganizing your debt under Chapter 13 bankruptcy. E-mail attorney Kratter today or call for a free initial phone consultation: 1-866-Laws 4CT.
The advantages of filing Chapter 13 bankruptcy
In order to file Chapter 13 bankruptcy, you must meet a number of standards, including:
- Owing less than $750,000 in secured debt or
- Owing less than $250,000 in unsecured debt
- Owning your own home or business
If you file for Chapter 13 bankruptcy, the court will consider how much you can afford, based on your monthly living expenses and the total amount of your debt, and set up a repayment plan. The plan will last from 3 to 5 years.
During that time, creditors are not allowed to make any other efforts to collect on your debts. That means that collection agencies HAVE TO stop calling you at home and at work. The plan also stops foreclosure and wage garnishment.
When you have successfully completed the repayment plan, your debts are legally considered paid — any remaining debt covered by the bankruptcy is erased.
Get back on your feet with help from a skilled bankruptcy attorney
If you are not sure if Chapter 13 bankruptcy is right for you, you have come to the right place. We understand how difficult it is to be overloaded with debt, and how awful you feel when you skip paying one bill so you can pay another.
Let an accomplished Chapter 13 bankruptcy attorney at Kratter & Gustafson go to work for you. We will need fairly detailed information from you in order to file your Chapter 13 bankruptcy, including your monthly income, your monthly living expenses, the amount of debt you owe, and to whom.
Contact us in our Norwalk, Connecticut offices.
