The Chapter 13 Bankruptcy Process in New York City
Unlike Chapter 7, when you file a Chapter 13 in New York City you will get to keep your property but will have to repay a portion of your debts over time through a court monitored repayment plan. Your debts will be re-organized into one monthly payment to a bankruptcy trustee who will then distribute […]
Will I Lose My Property if I file Chapter 13 Bankruptcy in New York City?
No. In a nutshell Chapter 13 allows you to keep your property in exchange for repayment of at least some of your debts. Also known as a “Wage Earner’s Bankruptcy” Chapter 13 is designed for individuals or married couples who are earning at least some income between them and are able to repay a portion […]