Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In New Jersey
What Is A Chapter 13 Bankruptcy?
If you’ve fallen behind on your mortgage or car payments, Chapter 13 bankruptcy may provide a way to catch up and protect your assets. Filing can help stop foreclosure, prevent repossession, and allow you to repay past-due amounts through a structured payment plan. In some cases, it may also make certain debts more manageable over time.
Chapter 13 allows you to keep important assets—such as your home and vehicle—while working toward resolving your financial obligations. It may also help address related issues, such as certain fines or obligations that have impacted your driving privileges.
Boyer Coffy LLC works with individuals across New Jersey to evaluate their financial situation, explain how Chapter 13 may apply, and guide them through each step of the process. Schedule a consultation to discuss your options and take the next step toward financial stability.
Call Boyer Coffy LLC at 973-798-6131 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, you must have a regular source of income that allows you to make consistent payments under a court-approved plan. This income can come from various sources, including employment, Social Security, disability benefits, retirement income, unemployment benefits, or rental income.
Chapter 13 is generally available to individuals, including those who are self-employed or operate as sole proprietors, as long as their debts fall within certain limits. Corporations and certain types of financial professionals may not be eligible. The repayment plan typically spans three to five years, and eligibility may also depend on a review of your overall financial situation. Boyer Coffy LLC works with individuals across New Jersey to evaluate eligibility, review financial details, and determine whether Chapter 13 is an appropriate option. Schedule a consultation to discuss your situation and next steps.
What Happens During a Chapter 13 Proceeding?
To begin the process, you will need to demonstrate eligibility, which may include completing a means test based on your income and financial situation. Once a Chapter 13 case is filed, an automatic stay typically goes into effect, which can stop foreclosure proceedings, wage garnishments, repossessions, and most collection efforts.
A repayment plan will then be proposed based on your income, expenses, and debts. This plan must be approved by the court, which will review factors such as whether it was proposed in good faith and whether creditors are receiving an amount consistent with legal requirements. Your plan must also account for your disposable income—generally the portion of your income remaining after necessary living expenses.
Because the process involves detailed financial disclosures and court approval, careful preparation is important. Boyer Coffy LLC works with individuals across New Jersey to develop repayment plans, prepare filings, and guide them through each stage of Chapter 13. Schedule a consultation to discuss your options and next steps.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions About Your Financial Situation?
Call Boyer Coffy LLC at 973-798-6131 to speak with an attorney about your options. You’ll receive clear, straightforward guidance tailored to your circumstances so you can make informed decisions and take the next step toward financial relief with confidence.