Generally, a Chapter 13 filer is a person who has a regular income that leaves them with disposable money after their living expenses are paid.
In Chapter 13, the court will restructure your debt and put you on a payment plan allowing you pay off some or all of your debt over a period of three to five years. Chapter 13 allows you to keep your assets and get caught up on payments that matter.
Chapter 13 has advantages over Chapter 7, so if you’re not sure which bankruptcy is right for you, talk to a Queens bankruptcy attorney who can take a look at your current financial situation, help you identify your goals, and then advise you as to the advantages of each type of filing.
At Zelenitz, Shapiro & D’Agostino, we help clients every day put past debts behind them and move on to pursue their dreams Call us today at 718-599-1111 for a free consultation with a Queens bankruptcy attorney.