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What To Know About Chapter 13 Bankruptcy

Congress enacted the bankruptcy laws to give financially pressed people the opportunity to re-group and start again. If you are behind on your mortgage or having trouble paying your other bills, you have options.

A Chapter 13 or Chapter 7 bankruptcy can lift your debt burden while allowing you to keep most or all of your property. You can get financial relief and the opportunity to make a fresh financial start.

At Mariano & Coiro, P.C., we have helped many people in Somerset County and Central Jersey get financial relief through the bankruptcy system. Our goal in every situation is to help our client maximize their debt relief while retaining as much of their property as possible.

Contact us for a consultation. It could be the first step toward a brighter financial future.

Reducing Your Debts, Saving Your Home

An attorney at our firm can review your financial situation and discuss your options. These include debt relief through Chapter 13 and Chapter 7 bankruptcy.

With Chapter 13 bankruptcy, the main focus is typically on saving your house that is in foreclosure or otherwise delinquent in mortgage payments. In a Chapter 13, you can keep your house, your retirement accounts and all of your personal property and assets. Your mortgage arrears and a portion of your other debts are rolled into a 3- to 5-year court-monitored repayment plan, based upon your income and what you are able to pay. At the end of that period any remaining unpaid debts can usually be discharged, provided you have met all plan payments and other requirements.

A Personalized Debt Relief Plan

Mariano & Coiro, P.C., will develop a personalized debt relief plan designed to reduce your debts and allow you to keep as much of your property as possible. We will handle all dealings with creditors and represent you during all hearings before the bankruptcy trustee and court. In a few short months your debt repayment plan will be approved and you can begin to rebuild your financial life and credit.

Call Us Today to Learn More About How Chapter 13 Can Help You

For a consultation about your matter with Mariano & Coiro, P.C., contact our firm.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.