Poughkeepsie Bankruptcy Lawyers Helping Wage Earners on a Path to Financial Freedom
Serving Throughout Dutchess County
Thousands of working class individuals and families struggle every week to stretch their paycheck just to put food on the table and a roof over their heads. Trying to stay one step ahead of the credit card company, or dealing with unexpected expenses like a hospital bill, can start a downward spiral of dwindling income and rising expenses as bills pile up, often with late fees, penalties and astronomical interest rates. Getting too far behind can leave you homeless and in despair. Before that happens, talk to the Poughkeepsie bankruptcy lawyers at Ingber & Provost. Chances are, you qualify to file for Chapter 13 bankruptcy, which can put you on track toward financial freedom in as little as three years. Read more about Chapter 13 bankruptcy below, and contact Ingber & Provost at 845-733-2720 to speak with a helpful, knowledgeable and experienced Dutchess County bankruptcy attorney.
Chapter 13 is an Attractive Alternative to Chapter 7
Many people turn to Chapter 7 bankruptcy first as a means to become debt-free. Chapter 7 has many advantages, but unfortunately many people do not qualify based on their income level. Even if you have too much income for Chapter 7, you are likely still eligible to file Chapter 13. In addition to being easier to qualify for, Chapter 13 also offers the advantage of helping you deal with secured debt such as a home mortgage or car payment. Chapter 7 primarily deals with unsecured debt, such as credit card bills and doctors’ bills. If you try to discharge a secured debt in Chapter 7, you may find that you lose the underlying collateral, which is not much of a benefit and may be something you cannot afford to lose. Chapter 13 addresses all of your debt – secured and unsecured – and puts you on a path to financial freedom without losing your most valuable property.
Save Your Home, Save Your Car
If you have a job or other steady source of income, a Chapter 13 filing can help you get out of debt by bringing all your creditors together in one place and negotiating one single monthly payment. Debts can be adjusted, and depending upon your disposable income, you can create a payment plan that deals with all of your debt over either a three or five-year period. If your car is about to be repossessed, or if the bank has initiated foreclosure proceedings, the automatic stay puts a stop to those actions and gives you the breathing room to create a logical, sensible repayment plan. Missed car or house payments can be rolled into that plan, bringing you current on your bills and taking away the ability for a creditor to go after your valuable property. The Poughkeepsie Chapter 13 bankruptcy attorneys at Ingber & Provost have helped numerous people out of situations like yours. Join the many people who have found their way out of debt with our help.
Call Our Dutchess County Bankruptcy Lawyers Today
Don’t wait until the bank is ready to take your house, or the repo man comes to take your car. Call Ingber & Provost at 845-733-2720 to speak with a knowledgeable and experienced Poughkeepsie Chapter 13 bankruptcy attorney.