Long Island Chapter 13 Bankruptcy Attorney
Chapter 13 Qualifications
Chapter 13 differs from other bankruptcy methods in that it involves a debtor filing a payment plan with a bankruptcy court. This payment plan, once approved, allows the debtor to repay creditors over a period of years. It is an alternative form of bankruptcy for those who possess income that is too high to qualify for Chapter 7, or who wish to protect non-exempt assets from the liquidation process. In order to qualify for Chapter 13, an individual must have a regular income that can cover the cost of the payment plan, either through employment, the operation of a business, or some other source. A person may not file for Chapter 13 if:
- He or she has filed for bankruptcy in the preceding 180 days; and
- The bankruptcy case was dismissed by a court due to a willful failure on the part of the person to abide by the orders of that court; or
- The person dismissed their bankruptcy after a creditor asked for relief from an automatic stay
A person will also be denied Chapter 13 protection if they possess unsecured debt that exceeds $360,475 in value, or secured debt that exceeds $1,081,400 in value. A Long Island bankruptcy attorney can provide you with further information about the Chapter 13 process, as well as legal guidance should you decide to file.
Chapter 13 Bankruptcy Lawyer in Long Island
The attorneys of Blutter and Blutter are committed to providing one on one service to each client that they represent. They believe that a client's best chance of success lies in working closely with an experienced attorney, not a paralegal or assistant. In contacting the firm about your Chapter 13 case, you will be given dedicated assistance and support that is intended to bring about your freedom from the burden of substantial debt.
Contact a Long Island Chapter 13 bankruptcy attorney who can provide you with vigorous representation for the duration of your Chapter 13 proceedings.