Chapter 13 Bankruptcy Lawyer in New York

An Overview of the Chapter 13 Process

For those struggling to meet their financial obligations and concerned about the possible loss of their valuable assets, Chapter 13 bankruptcy is an effective solution that can rid them of their significant debt.  If you are in a similar financial situation, it is advised that you consult with a New York bankruptcy lawyer as soon as possible.  A lawyer can go over the Chapter 13 process with you, and aid you in determining if it is a viable option for your particular circumstances.

Chapter 13 is bankruptcy method that was devised for individuals who possess valuable assets that they are intent on protecting from creditors and who do not qualify for Chapter 7 bankruptcy.  Rather than having one's debts cancelled and having to go through the liquidation of one's assets, Chapter 13 allows a person to work out a payment plan with their creditors, in which debts are paid off over a period of time in installments.  Once the payment plan has been completed (typically a three to five-year process), the debts are considered satisfied in the eyes of the creditors, and the person no longer possesses the financial liabilities that were causing them so much concern.

New York Chapter 13 Bankruptcy Attorney

Price Law Group aids individuals who are experiencing all manner of financial difficulties, by providing them with bankruptcy and debt relief options that are optimized to effectively address their situations.  We have assisted over 100,000 clients who were in need of debt relief, and successfully guided them out of financial trouble.  Contact our offices today if you are considering Chapter 13 bankruptcy, and we will provide you with the information you need to make an informed decision in your case.

If you would like further information regarding the Chapter 13 bankruptcy process, contact a New York Chapter 13 Bankruptcy Attorney right away.