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Brooklyn Chapter 13 Bankruptcy Attorneys

The wage earners’ way to pay off debts in three to five years

Chapter 13 bankruptcy allows debtors to keep their property by reorganizing debts into a manageable form. Under Chapter 13, debtors pay off all or most of their bills according to an established payment plan supervised by a bankruptcy court. Payment plans generally cover a three-to-five year period of time and must be approved by all creditors when the bankruptcy petition is reviewed. If approved, a court-appointed trustee receives a monthly payment from the debtor and distributes assets to creditors based on the stipulations outlined in the payment plan.

Eligibility

Individuals and families who make more than the means test limit for Chapter 7 bankruptcy are eligible to file under Chapter 13 as long as they are gainfully employed and have disposable funds available on a regular basis. Small businesses are also eligible to file for bankruptcy under Chapter 13.

The benefits of filing a Chapter 13 petition

The biggest benefit of filing for bankruptcy under Chapter 13 is the opportunity it gives you to keep your home. Filing a Chapter 13 bankruptcy petition stops a foreclosure and allows you to cure delinquent mortgage payments under your repayment plan while resuming regular monthly mortgage payments to the bank.

Chapter 13 is also beneficial because it shields family members, business partners and loan co-signers from losses due to your bankruptcy. Additionally, it allows you to keep many of your assets as long as you make your monthly payments on time.

Our services

The Law Office of Gregory Messer is your ideal source for legal assistance if you are interested in learning more about filing for bankruptcy under Chapter 13. Board Certified in consumer bankruptcy, attorney Gregory Messer has more than 30 years of experience handling bankruptcy petitions in New York. Mr. Messer has represented debtors and creditors in bankruptcy proceedings and has the knowledge needed to help you construct a viable repayment plan and save your home. He provides personal, comprehensive service as you deal with the stress of filing for bankruptcy and ensures all your legal rights are protected.

Reach out to Gregory Messer for help with your Chapter 13 bankruptcy petition

Contact the Law Office of Gregory Messer online or at 718-717-2368 to schedule a free initial consultation. Our office is located across the street from the U.S. District Bankruptcy Court in Brooklyn and is close to the Borough Hall and Court Street subway stations. We serve residents throughout Brooklyn, Bronx, Manhattan, Staten Island and Long Island.

To ensure every client’s filing receives the attention it deserves, we are an appointment-only law firm with flexible hours adjustable to fit your needs.

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