Chapter 13 Bankruptcy Lawyer Hartford, CT
If you’re considering filing bankruptcy, please call a Chapter 13 bankruptcy lawyer in Hartford, CT from The Law Offices of Neil Crane. More people file Chapter 13 and Chapter 7 than all other types of bankruptcy combined. While these two bankruptcy types are the most popular forms for personal bankruptcies, they differ quite significantly in their purpose, structure and results. An experienced local Chapter 13 bankruptcy lawyer from our Hartford, CT law office can help you determine which type best fits your particular situation.
FILING CHAPTER 13 BANKRUPTCY IN HARTFORD, CT
Chapter 13 bankruptcy is a customized court-enforced reorganization that enables individuals with any source of income to develop a plan to repay all or part of their debts based upon their individual income and expenses and the importance of each type of debt. Chapter 13 allows you to keep all your property and pay debts over a three-to-five-year period based upon your particular economic circumstances.
At the Law Offices of Neil Crane, we understand the full process and comprehensive benefits to filing Chapter 13 bankruptcy. At the Law Offices of Neil Crane, our Hartford, CT Chapter 13 bankruptcy lawyers use properly filed Chapter 13 petitions and Plans of Reorganization will allow us to assist you in the following:
- Stopping foreclosure: Filing for Chapter 13 bankruptcy provides an immediate automatic stay against all creditor actions, including the immediate stoppage of a foreclosure action, even on the eve of foreclosure
- Modification of your mortgage or mortgages: Chapter 13 bankruptcy allows for deceleration of any mortgage such that you no longer have the obligation to repay the entire loan and instead can repay the back-due payments – the mortgage arrearage – over five years. Regular monthly payments are automatically resumed as of the date of your next scheduled monthly payment, and any collection or foreclosure process is stopped by federal law.
- Creating a Chapter 13 plan for repayment: Chapter 13 empowers our specialized and experienced bankruptcy lawyers to create a customized plan for all your debts and the reorganization of secured debt, including a defaulted mortgage obligation over three to five years. Payments are made pursuant to a court-approved Chapter 13 Plan created by our office as your legal counsel in accordance with Bankruptcy Code provisions and your household income.
- Elimination and/or tax repayment: Chapter 13 bankruptcy allows for the elimination of older state and federal income taxes in full along with favorable payment plans for more recent taxes, like real estate taxes and all other types of taxes, including state and federal income taxes.
- Repayment or removal of different types of secured liens: Chapter 13 bankruptcy allows for the elimination, removal or repayment of secured obligations such as delinquent taxes, water obligations, sewer obligations, state or federal taxes, and judgment lien obligations.
Second Mortgages and Lien Removal in Chapter 13
Chapter 13 allows for the removal of all forms of secured obligations, other than residential first mortgages, if there is no available equity to support those obligations. This means that “underwater” second mortgages can be removed from your home by “lien stripping” under Chapter 13. Chapter 13 lien stripping also allows for the removal of:
- Equity lines are removable
- Tax liens are removable
- Attachments are removable
- Statutory liens are removable
- Attachments are removable
At the Law Offices of Neil Crane, we are the leading provider of Chapter 13 bankruptcy relief and lien removal services throughout the State of Connecticut. We are the largest, most successful Chapter 13 bankruptcy lawyers in Connecticut.
Contact Us to Learn About Lien Removal and Chapter 13 Bankruptcy Reorganization
At the Law Offices of Neil Crane, we’ve been providing Chapter 13 bankruptcy solutions in Hartford, Connecticut since 1983. We always offer a free consultation. Please do not hesitate to call us today, or complete our online contact form to discuss your questions and concerns with an experienced Chapter 13 attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Types Of Hartford Chapter 13 Bankruptcy Cases We Handle
Chapter 13 is a flexible tool, and the situations that bring people to our door vary widely. Some folks are trying to stop a foreclosure set for next week, others are drowning in tax debt, and plenty are just looking for a fresh start that lets them keep their home and their car. Our Hartford Chapter 13 bankruptcy lawyer has helped clients across Connecticut reorganize their finances through Chapter 13 bankruptcy. Below is a look at the most common situations we handle.
Stopping Foreclosure On Your Home
Filing Chapter 13 puts an immediate halt to foreclosure proceedings, no matter how close you are to losing the house. We use the automatic stay to stop the sale, then build a plan that lets you catch up on back payments over three to five years while keeping up with your regular mortgage going forward.
Catching Up On Past-Due Car Payments
Falling behind on an auto loan can mean your car is repossessed, sometimes with little warning. Chapter 13 lets you include those missed payments in your reorganization plan so you can keep driving while you get caught up, and in some cases, we can even reduce the overall balance owed.
Dealing With Overwhelming Tax Debt
Tax debt doesn’t just disappear, but Chapter 13 offers real tools for handling it. Older state and federal income taxes can sometimes be wiped out entirely, while more recent taxes get folded into your plan at manageable monthly payments, which is one of the reasons an experienced Hartford Chapter 13 bankruptcy lawyer can make such a difference in your case.
Stripping Second Mortgages And Equity Lines
If your home is worth less than what you owe on the first mortgage, any second mortgage or home equity line attached to the property may be strippable. That means the junior lien is treated as unsecured debt in your Chapter 13 plan and is typically wiped out entirely when the plan ends.
Removing Judgment Liens And Attachments
Creditors who win lawsuits against you often record liens against your property, which can haunt you long after the debt itself. Chapter 13 allows us to strip many of these judgment liens, attachments, and statutory liens when there’s no equity backing them up.
Handling Past-Due Municipal Obligations
Unpaid water bills, sewer charges, and property taxes can put your home at serious risk of a lien foreclosure. We include these debts in your Chapter 13 plan so you can pay them off over time without losing your house to the city or utility company.
Reorganizing Business-Related Personal Debt
If you personally guaranteed business debts that have now come due, Chapter 13 can help you manage those obligations alongside your personal finances. This is especially useful for small business owners whose personal and business finances have become deeply intertwined.
Stopping Wage Garnishments And Creditor Harassment
The moment you file, wage garnishments stop, collection calls stop, and lawsuits are frozen in place. Chapter 13 gives you the breathing room to catch your breath and put a real plan together without creditors chipping away at your paycheck.
Managing Student Loan Payments During Reorganization
While student loans generally can’t be discharged, Chapter 13 can give you temporary relief by restructuring how you handle them alongside everything else. This sometimes creates the space you need to stay on top of loans while tackling other debts.
Talk To Us About Your Options
Chapter 13 is powerful, but only when it’s done right. The Law Offices of Neil Crane has been handling bankruptcy and debt-relief cases in Connecticut since 1983, with Attorney Neil Crane personally working on more than 15,000 matters over the course of his career. Our firm is known statewide as one of the leading providers of Chapter 13 relief, and we offer free consultations so there’s no cost to simply explore whether this is the right path for you. When you’re ready to talk through your situation, reach out to our Hartford Chapter 13 bankruptcy lawyer, and let’s figure out where to go from here.
