Chapter 13

New York City Chapter 13 Bankruptcy

If you are not eligible for a Chapter 7 bankruptcy because of your income and asset level, you may be able to obtain relief through a Chapter 13 bankruptcy filing.* This requires the petitioner to dedicate a portion of income to a monthly payment plan. This type of personal bankruptcy is popular because it permits the individual to keep a house and car, something that a Chapter 7 bankruptcy does not.

Highly experienced and credentialed bankruptcy attorney

To learn more about Chapter 13 bankruptcy, contact a Brooklyn bankruptcy lawyer serving New York City and the Newark, New Jersey, area. Call 718-522-1117.

At Ortiz & Ortiz, our legal team includes Norma E. Ortiz, who has been practicing bankruptcy law since 1987. She has a unique perspective on bankruptcy, having clerked for a bankruptcy judge and worked as a prosecutor in the Department of Justice bankruptcy section. She has presented CLE seminars and workshops to the Hispanic National Bar Association and other attorneys on recent changes in the bankruptcy laws.

Why Chapter 13?

A Chapter 13 bankruptcy is particularly helpful to people whose home is being foreclosed; it allows them to discharge the debt and stop foreclosure and other legal actions against them while keeping their house and other property. Like a Chapter 7, Chapter 13 bankruptcy protection results in an automatic stay to lawsuits, judgments, and other collection efforts, and gives you time to resolve debt problems.

Chapter 13 can help with tax debt

A Chapter 13 bankruptcy also has an impact on tax debt. Bankruptcy provides a unique means of resolving tax debt, forcing the Internal Revenue Service to accept payments over time, eliminating some or all interest and penalties, or discharging part or all of the tax delinquency if the debt is old enough.

A bankruptcy lawyer known to other lawyers and judges

Our law firm handles bankruptcy filings of all types, and receives referrals from other law firms who do no bankruptcy work or limit their practice to one type of bankruptcy. Our work is well known to the judges in Brooklyn bankruptcy court, allowing us to be successful with Chapter 13 petitions when others might fail.

Contact us to determine your eligibility for bankruptcy

If you believe you are not eligible for Chapter 13 bankruptcy protection, contact our Brooklyn law firm, Ortiz & Ortiz. Our lawyer will analyze your situation and recommend the bankruptcy filing that best suits your circumstances and meets your needs. You may still be eligible for Chapter 13.

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*We are a debt relief agency – Serving New York City and the Newark, New Jersey area in bankruptcy cases