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Nassau County Chapter 13 Bankruptcy Lawyer

Chapter 13 bankruptcy allows filers to consolidate debt and pay it back over a three- to five-year period.

It's true that Chapter 7 bankruptcy completely eliminates dischargeable debt, but it also puts property, including a house or other property in jeopardy.

Chapter 13 also will allow you to pay your mortgage arrears over time, and if possible, you may be able to strip off a second mortgage. The main qualifier for Chapter 13 filing is a reliable source of income.

Chapter 13 is also considerably more complex than Chapter 7. It requires that you propose a plan detailing how much you are going to repay creditors based on how much you earn, how much you owe, and how much your unsecured creditors would have received if you had filed for Chapter 7 bankruptcy. Your priority creditors, who are paid in full, may include the IRS or child support, while unsecured creditors (credit card debt) may be paid a portion and the rest forgiven.

File Chapter 13 in Long Island

As a lawyer, I combine comprehensive bankruptcy filing experience with a commitment to your personal circumstances. Because I fuse 20 years of bankruptcy law experience with formative studies in accounting, economics and finance, I'm uniquely qualified to help you put together an ideal Chapter 13 bankruptcy filing if that's the best debt relief tactic for you.

To talk about debt repayment plans involved in New York Chapter 13 bankruptcy in a free initial consultation with Nassau County Chapter 13 bankruptcy attorney Scott R. Schneider, call 516-433-1555 or e-mail him here.

I am a federally designated debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

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