Chapter 13 Bankruptcy

Just like with a Chapter 7 filing, it's important to seek experienced counsel when filing for Chapter 13. The laws governing Chapter 13 bankruptcy are also complex. Also, deciding on what bankruptcy option to pursue is almost always dependent on individual circumstances. Chapter 13 bankruptcy may not be the best option for dealing with financial debt in all instances.

Michael J CulkinAttorney Michael Culkin has helped individuals across Connecticut file for bankruptcy since 1992, and he has represented clients in hundreds of bankruptcy cases. As part of his representation, he pays specific attention to all of your circumstances, and helps guide you through the bankruptcy process.

What A Chapter 13 Filing Can Do For You

While changes to the bankruptcy laws in 2005 may hamper an individual's ability to file Chapter 7 bankruptcy, Chapter 13 bankruptcy still remains an option for many individuals in debt. Chapter 13 bankruptcy allows for you to stop home foreclosure actions, repossessions and helps you reorganize your debt. Unlike Chapter 7 bankruptcy, there will be no liquidation of assets during a Chapter 13 bankruptcy filing.

A Chapter 13 bankruptcy allows for you to pay all or a portion of your debts back to creditors over a three- to five-year period. The amount you pay back depends greatly upon on how much debt you owe. It may also result in discharge of certain debt as well.

Chapter 13 is often ideal for individuals with a regular income and who have a significant amount of assets and debt. Filing for Chapter 13 will place an automatic stay on creditors' actions, which means that harassing calls from creditors will stop. We will then work with creditors to restructure your debt and make your debt more manageable.

Michael Culkin is a bankruptcy lawyer who has in-depth knowledge of bankruptcy law. When representing you, he will do what is necessary in addressing your needs and concerns.

Learn More About Chapter 13 Bankruptcy Filings

To find out whether Chapter 13 bankruptcy is right for you, contact The Culkin Law Office, LLC, in Waterbury, Connecticut, by calling 203-721-7792. We offer free consultations for our bankruptcy clientele, and we regularly represent individuals in Litchfield, Watertown and Prospect.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.