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Chapter 13 Bankruptcy

Newburgh Bankruptcy Lawyer Advises Chapter 13 Bankruptcy Filers

Hudson Valley attorney creates repayment plans and stops collection efforts

People earning a steady income and living within their means still can face severe financial problems, particularly after a job loss, divorce or medical problem. If you’ve fallen behind on bills and can’t seem to catch up despite having a job, Chapter 13 bankruptcy might be the right solution. At my Newburgh firm, Michael D. Pinsky, P.C., I work with Hudson Valley clients to stop collection efforts and create fair repayment plans that suit their situation. Over a period of three to five years, you can relieve your debt burden, meet your needs, and live without fear of creditor harassment.

Thorough New York firm helps clients who have fallen behind on payments

Starting with a free initial consultation, I explain the laws and procedures that have been developed to assist wage earners who lack the ability to satisfy their current debt terms. At every stage of the Chapter 13 process, I’ll give you a detailed description of key issues that will affect you and your future, including:

  • The automatic stay — When the court accepts your bankruptcy filing, an automatic stay is issued, which means that collection efforts against you must stop. It also protects you from having your utilities shut off and pauses any lawsuits seeking payment from you.
  • Eligibility — Chapter 13 is available to people who have unsecured debt (such as credit card balances) totaling $394,725 or less and secured debt (including mortgages and auto loans) of $1.184 million or less. These thresholds are subject to change in 2019. Unlike Chapter 7, Chapter 13 has no means test, but information must be shown that demonstrates the filer’s need and their ability to put their disposable income toward debt reduction. To give the debtor the best chance of success, credit counseling is required.
  • Repayment plans — By spreading obligations over a period of three to five years and giving creditors a clear idea of what you’re capable of paying, you may be able to reduce interest rates, lower your monthly payments and perhaps have some debt eliminated through Chapter 13. I work diligently to learn about your particular circumstances so that you can thrive within the budget approved by the court.

So many people rely on their paycheck to pay necessary bills that any interruption can trigger a financial problem that can’t be resolved without some assistance. I have more than 30 years of legal experience and serve as a thoughtful adviser and dedicated advocate for Hudson Valley residents looking to overcome their debt problems.

Contact a Hudson Valley Chapter 13 bankruptcy lawyer for a free consultation

Michael D. Pinsky, P.C. represents clients throughout New York’s Hudson Valley in a full range of bankruptcy matters.  Please call 845-394-2616 or contact me online for a free initial consultation at my office in Newburgh.

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  • Newburgh Office
    372 Fullerton Avenue
    Suite 11
    Newburgh, New York 12550
    Phone: 845-245-6001