Call Us Today: 1-800-923-3456

Chapter 13 Bankruptcy

Are you behind on your mortgage payments and your property is in foreclosure? Do you earn regular income? Maybe money can’t buy happiness, but it can certainly cause negative emotions when you struggling financially. Fear, sadness, shame. These are just a few feelings you may experience when you’re considering bankruptcy. But you have options—and a Chapter 13 bankruptcy just may be your solution.

A Chapter 13 bankruptcy is primarily designed to help individuals or couples who don’t qualify to file Chapter 7. A New Jersey bankruptcy attorney at Garces, Grabler, LeBrocq can help you determine which type of bankruptcy to file based on how much disposable income you have after all expenses are calculated, and how much equity remains in your home.

Chapter 13 Bankruptcy: A Preventative Solution

A Chapter 13 petition is filed to prevent or delay a sheriff sale. It works almost the same way if you’re financing a car, and are behind on your car payments but wish to retain the car. A Chapter 13 reorganization plan would be eventually set up for a period of five years to allow a debtor time to catch up with the mortgage payments, refinance, sell, and/or pay other debts. If you have credit card debt, these debts could also be listed on the bankruptcy petition.
Chapter 13 bankruptcy allows you to:

  • Reorganize and consolidate your debts and repay them interest free over a 36-month or 60-month period
  • Stop foreclosure on your home if filed prior to sheriff sale
  • Stop creditors from collecting any money from you

How to Qualify for a Chapter 13 Bankruptcy NJ

In order to qualify for a Chapter 13 bankruptcy NJ, your repayment plan must be approved by the court. And in order to get approved, you must be gainfully employed or have some other verifiable source of consistent income. In essence, you have to be able to demonstrate not only that you have the financial ability to pay the regular mortgage payment and your other living expenses, but also the economic ability to make an additional payment to the trustee to consolidate your outstanding debt. Sound like you? If so, Garces, Grabler, LeBrocq, New Jersey bankruptcy attorney, can help you take the first steps.

Under Chapter 13, you’re still obligated to make all future mortgage payments to the bank or mortgage company as before, plus an additional payment to the trustee to cover the outstanding consolidated debt amount.

If you’re considering a Chapter 13 bankruptcy NJ Garces, Grabler, & LeBrocq are available for a free consultation. To speak with a bankruptcy lawyer immediately, call 800.923.3456 or contact us online to discuss your legal matter today.

FREE CONSULTATION

  • captcha
Very professional and know what they're doing which is hard to find nowadays. Arlindo Araujo was very clear, precise, and on point!!!
, Jul 20, 2016
Great expletive with Esq Arindo. He is practical, honest, and thorough. I really appreciate his help.
, Jun 16, 2016
Great service and support from start to end.
, Jun 15, 2016
Great attorney , Pat Vella . Got all points dropped from my record . I owe this man 100xs over ! Thank you !
, Oct 21, 2016
Very satisfied
, Aug 3, 2016
Great job , thank you very much, I'm glad I found you,
, Oct 22, 2016
Very good i will recommend your services to other people
, Mar 2, 2017
Yo ELSA, estoy muy agradecida y muy feliz de haber escogido como mi abogado. Es un buen y excelente preparado e inteligente ABOGADO. Trabaja muy profesional y consciente igual todo su personal que trabaja en su oficina. Me ayudó mucho con mi Caso. Lo recomiendo a cualquiera persona que necesita sus servicios de un buen ABOGADO.
, Feb 17, 2017
Very satisfied! Exceptional service! Highly recommend!
, Jun 14, 2016
Bill Grabler handled several comp case's for me including permanent worker's comp. He did a fantastic job.
, Jul 21, 2016
Like to thank u for your profession and with my traffic ticket
, Jul 24, 2016
Saved my life twice!!
, Jul 13, 2016
Very good
, May 21, 2016
Excellent service. Very respected law firm. Will use again and definitely recommend
, Oct 12, 2016
100% satisfaction, very good. I like to recommend.
, Jun 16, 2016
Far exceeded my expectations. Mr. Vella was confident and professional. Should I require legal assistance in the future I won't hesitate to call them.
, Oct 21, 2016
G.G.L... Are the best in the business...
, Jan 26, 2017
thank you guys for representing me!
, Jun 17, 2016
I was very impressed with the professionalism and quick turn-around time from all the participants from GGL that assisted me. I would like to especially thank my attorney Jonathan Kessous. His credentials are very notable he is one of four attorneys throughout the entire state of NJ certified by the NJ Supreme Court as a Trial Specialist in both Criminal and Municipal Court Law matters. My case was very serious and could have resulted in jail time or suspension of my license. Jonathan was able to resolve my case very favorably. I am extremely thankful for his assistance. I would also like to recognize and thank his Paralegal Jasmin Caba and his Personal Assistant Marianne Crisitello for their assistance in communicating and preparing me for my trial. They are a great team and I would highly recommend them.
, Feb 27, 2017
Excelentes abogados
, May 8, 2016
The Lawyers were very friendly and knowledgeable. If I need a lawyer in the future, they would my go to attorneys.
, Jun 13, 2016
I would like to say thank you for all your help you've giving me.
, May 24, 2016
Tuve una buena experiensia confien son los mejore.yo tube dos caso y sali muy bien gracias a ellos
, May 7, 2016
Perfect !!!!!!
, Oct 7, 2016
I was satisfied, and the service was very good, my lawyer was very professional and did a great job.
, Feb 3, 2017
Mr. Lebroq is an excellent Attorney. The office staff has always been prompt , respectful and helpful. I highly recommend this firm.
, Oct 10, 2015
Knowledgeable, helpful, and friendly guy. Thanks for the service!
, Jun 13, 2016
The best lawyers and Their excellent assistants
, Jun 14, 2016
MaryanN and Jasmine both very helpful and professional. Jonathan Kessous very professional. Would recommend the firm.
, Aug 5, 2016
Excelente
, May 23, 2016