Chapter 13 Bankruptcy in Connecticut – Reorganize Debts with Confidence
Protect your assets and regain control with tailored debt repayment plans under Chapter 13 bankruptcy.
A Path to Financial Stability with Chapter 13 Bankruptcy
If you’re facing significant debt but want to protect important assets like your home or car, Chapter 13 bankruptcy may offer a viable solution. At the Law Offices of Mark M. Kratter, LLC, we help individuals across
Middletown,
Meriden, rest of Fairfield County and
Connecticut restructure their debts into a manageable payment plan, allowing them to pay down what they owe while retaining essential property. Chapter 13 is often ideal for those with regular income who need time and structure to address outstanding debts.
Create a Customized Debt Repayment Plan
With Chapter 13 bankruptcy, you can consolidate your debts into an affordable three- to five-year repayment plan. We’ll work closely with you to assess your finances and develop a realistic plan that fits within your budget, allowing you to pay off what you owe without risking your home or other essential assets.
FAQs for Chapter 13 Bankruptcy
What is Chapter 13 bankruptcy and who qualifies?
Chapter 13 bankruptcy allows individuals with a steady income to reorganize debts into a court-approved repayment plan—typically lasting three to five years. To qualify, you must complete pre-filing credit counseling, demonstrate sufficient disposable income, and owe below statutory debt limits.
How does Chapter 13 differ from Chapter 7?
While Chapter 7 liquidates non-exempt assets, Chapter 13 focuses on repayment. Compare chapter 11 vs chapter 13 bankruptcy for business vs individual reorganization, and see our chapter 11 bankruptcy vs 13 overview. Under Chapter 13, you can keep secured assets—like your home—by catching up on missed payments.
How is my repayment amount determined?
Your plan payments are based on a chapter 13 bankruptcy calculator or chapter 13 bankruptcy repayment plan calculator, which factors in your income, essential living expenses, and total unsecured debts. Our team walks you through using the chapter 13 bankruptcy payment calculator to estimate monthly obligations and duration.
Can Chapter 13 stop foreclosure or repossession?
Yes. Filing chapter 13 triggers an automatic stay, which can stop foreclosure and halt vehicle repossession. Many clients ask, does chapter 13 bankruptcy stop foreclosure? and find relief allowing them to restructure auto loans for chapter 13 bankruptcy within their plan.
What happens to student loans in Chapter 13?
While most student loans are not dischargeable, they can be paid over time under your plan. Our attorneys explain how chapter 13 bankruptcy and student loans interact and incorporate educational debt into your payment plans.
What are the costs and timeline for Chapter 13?
Filing fees vary but generally run around $313, plus attorney fees based on complexity. Clients often ask, how long does it take to file bankruptcy chapter 13? Typically, it takes 1–2 months from petition to confirmation hearing. We also discuss cost for chapter 13 bankruptcy and offer transparent chapter 13 bankruptcy lawyer fees.
Can I modify or dismiss my Chapter 13 plan?
Plans can be modified if your financial situation changes—such as job loss or medical emergencies—or dismissed if you fall too far behind. We guide you through options for dismissing chapter 13 bankruptcy or modifying your chapter 13 case to keep you on track.
Do I need an attorney for Chapter 13?
Yes. A chapter 13 bankruptcy attorney near me ensures your plan meets court standards and protects your interests. Our chapter 13 bankruptcy lawyers near me bring expertise in bankruptcy law, representation at bankruptcy court, and negotiation with unsecured creditors.
Save Your Home and Car from Foreclosure or Repossession
Chapter 13 allows you to halt foreclosure proceedings and protect valuable assets from repossession. Our experienced attorney will guide you through the process, ensuring you understand the protections Chapter 13 offers and how it can support your financial recovery.