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Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Solutions in the Bronx

Consolidate Your Debt Today - Call (718) 514-7886

Are you having difficulty paying bills or making your mortgage payments? Have you been laid off from work? Do you want to stop foreclosure on your home? Chapter 13 bankruptcy can provide you with much-needed financial relief, as well as the opportunity to save your home from foreclosure. A skilled and knowledgeable Bronx Chapter 13 lawyer can help you determine if this is the right option for you.

During these harsh economic times, it can be hard to make ends meet. Many people have lost their jobs. At Park & Nguyen, we work with individuals and families overwhelmed by debt. Our attorneys in the Bronx take the time to get to know you and your unique financial situation. Freedom from your crushing debt may be just a phone call away.

Contact Our Firm for a Free Consultation

Understanding Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a viable debt relief solution for those who have higher incomes and/or assets, and who wish to save their home from foreclosure. In Chapter 13, an affordable repayment plan is established by the bankruptcy court. 

The plan typically lasts three or five years, allowing a debtor to repay some or all of his or her consolidated debts. Following successful completion of a repayment plan, the remaining dischargeable debt is eliminated.

Advantages of Filing for Chapter 13 Bankruptcy

There are many advantages when it comes to filing for Chapter 13 bankruptcy.

Key Benefits Include:


  • After filing, home foreclosure will be stopped as well as any efforts to collect your debt.
  • Your property will be protected from liquidation
  • You may keep your home even if you are behind on mortgage payments
  • You do not have to deal with creditors directly. A bankruptcy trustee will be assigned to your case and will disperse your payments.
  • You will have plenty of time to create a repayment plan that will last 3 or 5 years.
  • A lot of your debt will be discharged and you will no longer be responsible for it.

Arrange a free phone consultation with a Chapter 13 attorney in the Bronx online or by calling us at (718) 514-7886.


Impact of Chapter 13 on Your Credit Score

Chapter 13 bankruptcy will allow you to get on the road to rebuilding your credit sooner. It may appear on your credit report for as long as a decade, but it is still a good choice compared to drowning in debt and doing nothing. Missing payments, repossession of your car or other property, and collection lawsuits are more difficult to explain when talking to future lenders. If there is a bankruptcy on your report, they will at least see that something was done to manage the debt. 

Chapter 13 will also cause you to lose your credit cards, however, you will be able to obtain new lines of credit within a few years after filing.

Let Us Guide You Through the Chapter 13 Process

Pursuing Chapter 13 bankruptcy can be intimidating. You are exposing very personal information to the scrutiny of creditors and the bankruptcy court. However, you do not have to face the stress and worry alone. At Park & Nguyen, we will be by your side from your initial consultation through the completion of your repayment plan.

Why Choose Our Bronx Chapter 13 Attorneys?


  • Free Initial Assessment
  • Customized, Unique Solutions
  • Decades of Combined Experience
  • Your Case Never Gets Handed Off to Paralegal
  • Work 1 on 1 with Your Lawyer Start to Finish
  • We Offer Reasonable Rates & Payment Plans

Our Bronx bankruptcy lawyers will assist you in each step, from determining eligibility to representation before the bankruptcy court. Our primary goal is always to protect your best interests throughout the entire bankruptcy process.


You have questions about bankruptcy, and we have answers. Call our Chapter 13 bankruptcy attorneys in the Bronx at (718) 514-7886 to discuss your options for debt relief and keeping your home.


Frequently Asked Questions About Chapter 13 Bankruptcy

What are the qualifications for filing for Chapter 13 bankruptcy in the Bronx, NY?

To file for Chapter 13 bankruptcy in the Bronx, NY, you must have a regular income and be able to demonstrate your ability to adhere to a court-approved repayment plan. It's also important to have unsecured debts that do not exceed a certain amount and secured debts that fall within specified limits.

How long does the Chapter 13 bankruptcy process typically last?

The Chapter 13 bankruptcy process typically lasts between three to five years. During this time, you will be making regular payments as part of your court-approved repayment plan. Upon successful completion of the plan, remaining dischargeable debts may be eliminated.

Can Chapter 13 bankruptcy stop foreclosure on my home in the Bronx, NY?

Yes, Chapter 13 bankruptcy can help stop foreclosure on your home in the Bronx, NY. By proposing a repayment plan to catch up on missed mortgage payments, you may be able to save your home from foreclosure and protect your property from liquidation.

How does filing for Chapter 13 bankruptcy affect my credit in the Bronx, NY?

Filing for Chapter 13 bankruptcy may appear on your credit report for up to a decade. However, it can also be a positive step towards rebuilding your credit. While you may lose existing credit cards, you can begin to rebuild your credit within a few years after filing.

What sets Chapter 13 bankruptcy apart from Chapter 7 bankruptcy in the Bronx, NY?

Chapter 13 bankruptcy in the Bronx, NY, involves creating a court-approved repayment plan to consolidate and repay debts over a period of three to five years. In contrast, Chapter 7 bankruptcy typically involves the liquidation of assets to discharge debts. The right choice depends on your individual financial circumstances.

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