Are you behind on your mortgage payment? Maybe you missed some payments on your auto loan? Need to pay back taxes? Don’t wait to handle these late payments. It’s much easier to catch up on than you might think.
At Cerbone Law Firm, we can assist you in paying back your debts under a Chapter 13 bankruptcy.
What Will Chapter 13 Do For Me?
Chapter 13 is the creation of a (typically) 3-5 year repayment plan to creditors that will allow you to pay back your missed payments. When you abide by the terms of the agreement reached through Chapter 13, all the remaining debt will be released and leave you in good standing with creditors.
Why Should I Consider Chapter 13?
If you missed mortgage payments and foreclosure is a fear, it doesn’t have to be. Chapter 13 can prevent the mortgage company from moving forward in foreclosing on your home.
Please keep in mind that if you want to eliminate heavy debts, Chapter 7 might be a better option for us to discuss.
What Are The Benefits Of Filing Chapter 13?
When you file Chapter 13, you won’t be falling further behind on your mortgage payments. Additionally, you will be saving a lot of money on the fees that are associated with foreclosures.
When your home goes into foreclosure you will need to cover many fees and likely see thousands of dollars being spent. We have seen instances where people wind up paying even more than they owe on their homes.
Don't Wait Until It's Too Late
Contact our attorney’s at Cerbone Law Firm so we can discuss your options and Chapter 13 bankruptcy before it’s too late.