Chapter 13 bankruptcy in New York allows individuals to reorganize debts and maintain ownership of their property through a repayment plan. Debtors make monthly payments over three to five years to repay creditors and catch up on overdue obligations. This process can help stop foreclosure and provide financial relief. After completing the plan, remaining eligible debts may be discharged. Experienced New York bankruptcy attorneys can help guide you through the process.
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Practice Areas: Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Commercial Real Estate, Debt & Lending, Land Use & Zoning, Residential Real Estate
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