Chapter 13 Bankruptcy in New York

Unlike Chapter 7 bankruptcy, Chapter 13 allows you to potentially retain most or all of your assets. Typically, you can pay off your debts to a court-appointed Chapter 13 trustee, interest free, over a period of five years. This is an ideal option for individuals who have a lot of equity in real estate equity but are behind in mortgage payments. We can help determine if this is the best option for you, and, in some cases, prevent foreclosure.