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Chapter 13 Bankruptcy Lawyer Waterbury, Connecticut

Home / Chapter 13 Bankruptcy Lawyer Waterbury, Connecticut

Chapter 13 Bankruptcy Lawyer Waterbury, Connecticut

Chapter 13 Bankruptcy Lawyer Waterbury, ConnecticutIf you have a large amount of unsecured debt related to medical bills, credit cards, and so forth, it may be a good idea to think about a Chapter 13 bankruptcy lawyer Waterbury, Connecticut locals trust. 

Chapter 13 bankruptcy is available for individuals, self-employed people, and unincorporated businesses. There is a strict amount of  both secured and unsecured debt that you cannot exceed, and these can be explained to you by a bankruptcy lawyer Waterbury, Connecticut has to offer. 

When you file for Ch. 13, you will need to have a source of income; furthermore, you must be able to pay back some of your debt over the course of three to five years.  If you are unsure about whether or not bankruptcy is right for you, call The Law Offices of Ronald I. Chorches. 

Should You File for Chapter 13? 

If you would like to keep your primary residence, or select assets, and you can afford to pay off a portion of your debt, Chapter 13 bankruptcy may be right for you.

If you would like a complete fresh start and are willing to consider losing your home, Chapter 7 bankruptcy may be more suitable. Keep in mind, you must qualify for chapter 7 through taking a Means test. 

More About Chapter 13 Bankruptcy

If you choose chapter 13 bankruptcy, you and your Chapter 13 bankruptcy lawyer in Waterbury, Connecticut will create a repayment plan to creditors. This plan typically lasts for 3 to 5 years. Payments are not made directly to creditors, but rather to the trustee. They can be automatically deducted from your bank account or paycheck. Once the plan has come to an end, any remaining dischargeable debt will likely be discharged. Not everyone will qualify for Chapter 13, and others will be suited to a different option. A chapter 13 bankruptcy lawyer in Waterbury, Connecticut can review your situation and help you to understand what is best for you. 

Types of Debt

According to the Bankruptcy Code, there are three classes of debt:

  • Secured Debt – This includes mortgages and auto loans
  • Priority Unsecured Debt – Income tax, child support, student loans
  • General Unsecured Debt – Credit cards, medical bills, etc. 

What You Will Pay Each Month

The amount you are obliged to pay every month will be determined by a number of factors. It will be your duty to continue paying any secured or priority unsecured debt. In general, your repayment plan must be enough to cover a minimum of your mortgage and auto. In some cases, you may be able to reduce your vehicle payments and interest rates. 

As a chapter 13 bankruptcy lawyer Waterbury, Connecticut trusts might explain to you, the most important thing will be that you can make the payments. This is required by law. If this is not possible, you may be suited to something else. 

If you have a lot of debt, feel unsure about how you will pay it off, and are interested in filing for bankruptcy, please call a chapter 13 bankruptcy lawyer in Waterbury, Connecticut from The Law Offices of Ronald I. Churches. We will listen to your situation and help you to understand what may be best suited to your needs. Call us today for a consultation. 

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    “My wife and I came into see Ronald Chorches during the COVID 19 pandemic. He was attentive to our needs, understanding, and determined to ensure that our family would be able to overcome this adversity. From my family to yours, THANK YOU RON!.”
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    Office Locations

    Wethersfield Office

    82 Wolcott Hill Rd., Wethersfield, CT 06109

    860-563-3955


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    261 Bradley Street, Second Floor, New Haven, CT 06510

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    21 West Main Street, Waterbury, CT 06702

    203-494-1700


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    487 North Main Street, Winsted, CT 06098

    860-379-5962

    Also Serving Bridgeport CT, Hartford CT, Manchester CT, and all of Connecticut

    Resources
    • Asset Protection Lawyer New Haven, CT
    • Asset Protection Lawyer Wethersfield, CT
    • Bankruptcy Lawyer Manchester, CT
    • Bankruptcy Lawyer Waterbury, CT
    • Chapter 7 Bankruptcy Lawyer Waterbury, CT
    • Foreclosure Defense Hartford, CT
    • Foreclosure Lawyer Waterbury, CT
    • Foreclosure Lawyer New Haven, CT
    • Mortgage Modification Lawyer New Haven, CT
    • Small Business Bankruptcy Lawyer New Haven, CT
    • Tax Debt Lawyer Hartford, CT
    • Foreclosure Lawyer Hartford, CT
    Contact Info

    New Clients: 860-935-6391
    Existing Clients: 860-563-3955
    Fax: 860-513-1577

    Our Attorneys
    • Ronald I. Chorches
    • Martin Chorches
    • Marjorie Gruszkiewicz
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      • Home
      • Services
        • Bankruptcy Law
          • Chapter 7 Bankruptcy
          • Chapter 11 Bankruptcy
          • Chapter 13 Bankruptcy
          • Small Business Bankruptcy
          • Bankruptcy and Divorce
          • Bankruptcy FAQs
        • Non-Bankruptcy Options
          • Debt Relief
          • Debt Consolidation
        • Debt Relief Solutions
          • Credit Card Debt Relief
          • Student Loan Debt Relief
          • Medical Debt Relief
        • Discharged Taxes
        • Asset Protection
        • Preventing Home Foreclosure
          • Loan Modifications
          • Mediation Process
          • Waiting Time To Buy
          • Keeping Appliances
          • Selling Home Before
      • Reviews
      • Our Attorneys
        • Ronald I. Chorches
        • Martin Chorches
        • Marjorie Gruszkiewicz
      • Consultation
      • Articles
      • Contact Us