• Home
  • About
  • Disclaimer
  • Advertise
  • Contact
  • 📢📢 Become Author on this Blog 💥💥
Join Scooparticle
Scoop Article
  • Computer
  • Blockchain
  • Blogging
  • Android
  • Business
  • Security
  • Web Design
  • Social Media
  • Education
No Result
View All Result
Scoop Article
No Result
View All Result
Home Business

The Eligibility and Steps to File Chapter 13 Bankruptcy NY

November 12, 2019
in Business
Reading Time: 3 mins read

Chapter 13 Bankruptcy process restructures your debts into easy repayment plan which usually last for 3-5 years and it lets you keep your assets like car, home or other properties. So, it is all about restructuring your debts under the protection and guidelines of federal court, while setting a new repayment plan and period for your convenience. Chapter 13 Bankruptcy NY is also referred as wage earner bankruptcy because the applicant needs to be a regular earner to qualify for it.

No matter by what name it is called, the ultimate goal is to solve all the overwhelming debts and stay updated with secured loans, especially those with a collateral or mortgage like car or home. The Chapter 13 Bankruptcy Attorney put all their efforts in helping you to make wise financial decisions with ultimate confidence. So, get in touch with the Chapter 13 Bankruptcy Attorney today with “One Click” at midtownbankruptcy.com.

How to Know If You are Qualified for Chapter 13 Bankruptcy?

Well, as you approach the Chapter 13 Bankruptcy attorney and share your details, they will let you know if you qualify to file for Chapter 13 Bankruptcy to dissolve all your debts. However, there are certain eligibility criteria that you need to meet in order to become qualified for filing the Chapter 13 Bankruptcy case. This includes:

  • You need to be current on filing your taxations.
  • The unsecured debts must be within the range of $394, 725 and secure debts must be within $1, 184,200.
  • You must be a regular earner with sufficient income.
  • There must not be any filing of Chapter 13 Bankruptcy case in past two years or Chapter 7 bankruptcy in past 4 years.

If you qualify for the Chapter 13 Bankruptcy, it is the time to search for Chapter 13 Bankruptcy Attorney Near Me in NY and start the filing process with them. 

How to File for Chapter 13 Bankruptcy Case?

Before you start the process of filing bankruptcy, it is necessary that you fix appointment to meet the credit counsellor from non-profit credit counselling agency in person and then approach the Cheap Chapter 13 Lawyers Near Me. The initial consultation would be free and with these initial meetings you can understand the situations and decide whether or not to file for Chapter 13 bankruptcy to get your finances back on track.

When filing Chapter 13 Bankruptcy, it is necessary that you work in coordination with your attorney as they are the person who will prove your eligibility for Chapter 13 bankruptcy to the bankruptcy trustee who will be looking after the proceedings. The court would approve a plan for repayment of both the secured and unsecured loans. You will get the option to repay your loans in 3-5 years, while keeping all your assets unharmed. If you prove yourself as a good paymaster, then some of the last debts would be excused. Below are the steps for filing a Chapter 13 Bankruptcy.

  • Completing the pre-filing bankruptcy counselling via non-profit credit counselling agency.
  • Hiring qualified and reputed Chapter 13 bankruptcy attorney in NY.
  • Completing the paperwork to successfully file the bankruptcy case in federal court.
  • Submitting the bankruptcy petition which comprises of different forms which need to be filled properly.
  • Submitting the details of payment plans within 14 days of submitting the petition of bankruptcy.
  • Meeting with the creditors within 21 to 50 days of filing the petition and the meeting will be organized by trustee.
  • There will be a confirmation hearing which usually takes place within 45 days after meeting the creditors.
  • Finally, the creditors are paid as agreed under the repayment plan.
Tags: Chapter 13 BankruptcyChapter 13 Bankruptcy lawyersChapter 13 Bankruptcy near me

Related Posts

Elevate Your Finances with Briansclub in Alaska
Business

Briansclub Treasury Treasures: Unveiling Washington’s Wealth

September 24, 2023
Elevate Your Finances with Briansclub in Alaska
Business

Washington Banks Transformed: Briansclub Visionary Partnerships

September 24, 2023




  • Trending
  • Comments
  • Latest
Picking a Marketing Agency

See How Easily You Can Move Your Furniture

October 27, 2021
Standby Letter of Credit

The Token Rewarding System

October 27, 2021
end of tenancy cleaning London

4 Reasons Why Hiring a Professional Street Sweeping Service Is Worthy

October 26, 2021
Why My Panasonic Handsets Have a Blank Screen

Why My Panasonic Handsets Have a Blank Screen

October 28, 2021
motorcycle accident lawyer

Ease Your Family’s Transitions with Estate Administration

October 22, 2021
Likes on Threads: Unlocking the Power of Online Approva

Likes on Threads: Unlocking the Power of Online Approva

Discovering the Powers of Turmeric’s Anti-Inflammatory and Antioxidant Properties: The Golden Spice for Weight Loss

Discovering the Powers of Turmeric’s Anti-Inflammatory and Antioxidant Properties: The Golden Spice for Weight Loss

A Comprehensive Guide to Cancer Treatment: Exploring Your Options

How to Rent a Car with a Foreign Driver’s License

How to Rent a Car with a Foreign Driver’s License

Tube Fittings and Tube Fitting Adapters

Enhancing Fluid Systems Efficiency Truelok Compression Tube Fittings and Tube Fitting Adapters

Elevate Your Finances with Briansclub in Alaska

Briansclub Treasury Treasures: Unveiling Washington’s Wealth

September 24, 2023
Elevate Your Finances with Briansclub in Alaska

Washington Banks Transformed: Briansclub Visionary Partnerships

September 24, 2023
Briansclub

Mastering Credit Card Selection: A Comprehensive Guide Through Briansclub Resources

September 24, 2023
The Reviews of Custom Printed Boxes by an Unboxing Experience

Overcoming Common Challenges in Obtaining a Canada Visa for Filipino Citizens

September 23, 2023
marriage Bureau Lahore

Features of Happy Life with Your Partner

September 23, 2023




Scoop Article

Copyright © 2011-2022

Navigate Website

  • Home
  • About
  • Disclaimer
  • Advertise
  • Contact
  • 📢📢 Become Author on this Blog 💥💥

Follow Us

No Result
View All Result
  • Computer
  • Blockchain
  • Blogging
  • Android
  • Business
  • Security
  • Web Design
  • Social Media
  • Education

Copyright © 2011-2022