Chapter 13 Bankruptcy

If you are facing foreclosure or constant harassment from debt collectors, call Perry, Krumsiek & Jack, LLP. Serving New England and beyond, our experienced bankruptcy attorneys are ready to help you find a fresh start.

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Chapter 13 bankruptcy, also known as the wage earner’s plan, allows individuals additional time to repay debts through a court-approved payment plan. At the end of the payment plan — usually from three to five years — all eligible debts are discharged. As with Chapter 7, certain debts are not discharged such as student loans, domestic support obligations and tax payments.

Is Chapter 13 right for me?
If you have built significant equity in your home, it may be more advantageous to file for Chapter 13 even if you qualify for Chapter 7. One of the major benefits of filing for bankruptcy protection is that an automatic stay is issued immediately stopping foreclosure proceedings. This allows you additional time to reorganize your debt and develop a payment plan to submit to the court while keeping you in your home. Additional benefits of filing for bankruptcy include stopping wage and bank account garnishments, repossessions and harassing calls from collections companies.

Perry, Krumsiek & Jack can help you find a fresh start.
Bankruptcy is not right for everybody but it may be right for you. At Perry, Krumsiek & Jack, our experienced lawyers can answer your questions, analyze your situation and help you determine whether Chapter 7 or Chapter 13 bankruptcy is best for you. Our attorneys are ready to work for you. Call our offices at , or send us an e-mail.