Troy, New York, Debt Reorganization Lawyers
If you do not qualify for Chapter 7 bankruptcy because your income is above the median income for a family of your size in New York, a Chapter 13 debt repayment plan is your next option. Chapter 13 bankruptcy provides you the opportunity to repay and discharge your debt. Ehrlich & Arcodia, P.C., in Troy, New York, provides experienced legal services to people who would like to obtain relief from their debts.
Learn your options for filing Chapter 13 bankruptcy and talk to a lawyer today. We offer free initial consultations to individuals who have participated in mandatory credit counseling. Schedule yours today by contacting us online or calling us toll free at 888-546-3821 or locally at 518-203-1128.
How Does Chapter 13 Bankruptcy Work?
Our attorneys know that you have many questions about bankruptcy, and we are here to answer those questions. If you do not qualify for Chapter 7 bankruptcy, you might have questions about how Chapter 13 bankruptcy works. In Chapter 13, you enter into a court-approved payment plan. Over the course of three-to-five years, you pay your creditors. When your obligation is fulfilled, your debts are discharged.
For people who are behind on their mortgage payments, owe taxes, have credit card debt or are late on their auto loans, Chapter 13 allows them to get up-to-date on their bills. And, in many circumstances, our law firm is able to negotiate the terms of your bills. We can negotiate lower payments, so you will not have to pay back every cent you owe.
A mortgage can often be modified in a Chapter 13 bankruptcy. However, many individuals attempt to modify their home loans without the protection of a lawyer or a Chapter 13 bankruptcy filing. Our firm can explain the problems with mortgage modification and help you understand your options for addressing the foreclosure issues you may be facing.
Contact Our Troy Chapter 13 Bankruptcy Lawyers Today
At Ehrlich & Arcodia, P.C., your personal bankruptcy will receive our personal attention. Call to arrange your free initial consultation. We can be reached toll free at 888-546-3821 or locally at 518-203-1128. Or, contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
