Chapter 13 Bankruptcy

Individuals and sole business proprietors can file for Chapter 13 Bankruptcy in New Jersey. By reorganizing your debt through a repayment plan, you can keep your property and force the Mortgage company or Bank to accept payments over a 3–5-year period.

You must make monthly payments to a trustee for 3-5 years after this, but your repayment plan can protect your assets and stop your home being foreclosed upon. You could also reduce medical and credit card bills, reorganize loan debt, unburden yourself from second mortgage, or better manage large payments like car payments or sometimes past tax debt

Services Offered for Representation in Bankruptcy Filing of Chapter 13 Bankruptcy

Basically, the same as the services provided in the Chapter 7 listed above, but in addition the preparation of a specific Chapter 13 Plan that will et out the trustee payments you must make over the 3-5 period you are entitled to force the Bank or mortgage company to accept under the Bankruptcy Code.

Consumer Bankruptcy Law and Residential Real Estate. With specialized expertise in the practice of Bankruptcy Law in New Jersey, Robert Wachtel will assist you in a process that will free you from the prison of credit card debt and give you a fresh start on your road to financial freedom.
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Legal disclaimer: This web site has been prepared by the Law Offices of Robert Wachtel in the hope that it will assist you in becoming debt free through the Bankruptcy process. It gives information of a general nature and is not a substitute for competent legal advise. The viewer is advised to consult an attorney-at-law for legal advise as to his / her specific situation.

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