Chapter 13

The Law Offices of Allen A. Kolber, Esq. files Chapter 13 Bankruptcy cases for individuals and families who have assets or non-exempt value to their home or earn above the average family income for the county in which they live.

A Chapter 13 Bankruptcy allows you to keep your assets while under the protection of the Bankruptcy Court.

In exchange for keeping your assets, the Bankruptcy Court requires a Chapter 13 Bankruptcy Debtor to submit to a reorganization Plan over the course of 3-5 years. The Chapter 13 Bankruptcy Plan will allow you to catch up on your mortgage payments and automobile payments while stopping your creditors from all collection activities.

Under a Chapter 13 Bankruptcy Plan, Debtors repay their unsecured creditors only what they can afford to pay based upon their income and expenses, usually 3% to 100% over a 3-5 year period. Once a Chapter 13 Bankruptcy Plan is completed, all remaining unsecured debt is then eliminated discharged forever.

Once our office files a Chapter 13 Bankruptcy case for you, we can:

  • Immediately stop all creditors from suing you, garnishing your salary, restraining your bank account or repossessing your property;
  • Immediately stop a foreclosure action or sale and allow you up to five years to pay the mortgage arrears owed to the bank.
  • Eliminate a second mortgage or HELOC if it is unsecured
  • Obtain a loan modification on first or second mortgages
  • Remove Judgment liens and Lis Pendens from your home
  • Cram-down mortgages on investment properties

The Law Offices of Allen A. Kolber, Esq. file Chapter 13 Bankruptcy cases for families who wish to protect non-exempt assets such as:

  • Investment properties;
  • Equity in your home;
  • Mutual funds and stock plans;
  • Cash value in life insurance policies;
  • Businesses with assets and/or inventory;
  • Inheritances or trust accounts;
  • Vacation homes or time-shares.