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New Jersey Chapter 13 Bankruptcy Attorneys

Chapter 13 bankruptcy is a type of consumer bankruptcy that does not erase debt, but instead reorganizes it into a more manageable, Court-supervised repayment schedule.

This type of bankruptcy provides a mechanism that may help you avoid losing a home in which you have built equity but are behind on the mortgage, business tools that you cannot earn a living without, or other assets that hold value.

Because the type of bankruptcy protection you choose may affect your financial outlook for years to come, it is important to select the form of bankruptcy that best meets your needs. Consult with an experienced bankruptcy lawyer with the knowledge to advise you and answer any questions you may have.

Questions about bankruptcy? Contact a Clifton Chapter 13 bankruptcy lawyer at the Kridel Law Group for skilled and technology-savvy representation.

The Kridel Law Group: Clifton, New Jersey, And New York City

The bankruptcy lawyers of the Kridel Law Group are well-versed in bankruptcy law and the New York and New Jersey rules that may apply to your situation. Our powerful team of experienced bankruptcy attorneys provides our clients with clear advice about their rights and options. Before we recommend Chapter 13 bankruptcy or another debt relief option, we will conduct a thorough review of your financial circumstances so that we may confidently advise you of the best course of action to take in your particular case.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is sometimes known as a debt consolidation bankruptcy. Chapter 13 bankruptcies are usually more complicated than Chapter 7 bankruptcies, because they require the debtor to present to the Court a plan to repay most—if not all—of his or her debts. The debtor must also show that he or she has a steady source of income that is sufficient to make the payments suggested in the repayment plan.

  • Unlike a Chapter 7 bankruptcy, a Chapter 13 debtor does not have to pass a debt-to-income ratio “means test” to be eligible. Even so, filing a Chapter 13 bankruptcy has many of the same benefits as filing a Chapter 7, such as stopping creditors from making contact with the debtor in collection efforts and halting repossession attempts.
  • Chapter 13 bankruptcy may be an excellent tool to avoid home foreclosure. All past-due bills will no longer be assessed interest or late charges in a Chapter 13 plan. Special rules apply to secured debt, taxes, student loans, and other debt which depend on the facts in your case.

Contact The Kridel Law Group for Debt Relief

Contact a Chapter 13 bankruptcy lawyer at the Kridel Law Group today and discuss your bankruptcy, foreclosure and debt consolidation issues, along with how to keep your home in bankruptcy. We have offices located in both Clifton, New Jersey, and New York City. Call us now at 973-470-0800.


To learn more about our firm and our services, call 973-470-0800 or contact our office online today. We offer reasonable rates and accept credit card payments.