A Payment Plan That Works For You: Chapter 13 Bankruptcy
The downturn in the economy, rising medical costs and other unforeseen events often make it difficult for hardworking, responsible people to make ends meet. As bills become past-due, many feel buried under an insurmountable pile of debt. There is help.
At the law office of M. Bradford Randolph, Esq., PLLC, we help individuals and families eliminate or reduce their debts and regain control of their finances through a Chapter 13 bankruptcy.
Located in Manhattan, New York, bankruptcy lawyer Brad Randolph helps clients restructure their finances, regain control and move forward with their lives.
File Chapter 13 And Regain Control Of Your Finances
The Chapter 13 process is very complex. Instead of discharging debts outright — like Chapter 7 — debts are reorganized under Chapter 13 into a repayment plan. Under this plan, further interest charges are stopped and creditors are paid a portion of the debts they are owed over a three- to five-year period. At the end of the repayment period, all remaining debts are discharged.
In order to determine the size of monthly payments, all your income, assets and costs of living must be carefully evaluated.
Your Chapter 13 plan must be carefully crafted to not only help you achieve future financial stability, but also to comply with the many rules and regulations governing bankruptcies. If your plan is improper, your bankruptcy petition will be denied.
At the law office of M. Bradford Randolph, Esq., PLLC, we work closely with our clients to evaluate their lifestyles, their responsibilities and their assets to create a repayment plan that allows them to live as normal a life as possible while completing their responsibilities under Chapter 13.
We also help individuals eliminate their second and third mortgages, keep their homes and lower their monthly mortgage payments through Chapter 13 bankruptcy. Attorney Randolph specializes in tax aspects of a bankruptcy filing and can help you to determine what tax debts can be discharged.
Reduce Your Debts, Reorganize Your Finances, Take Control Of Your Life
During Chapter 13, an individual’s entire financial life is examined and restructured. It is a complicated, personal process that is best handled by an experienced attorney.
Brad Randolph has more than 25 years of experience in the legal industry. In addition to being an attorney, Mr. Randolph is also a licensed CPA. We work closely with clients to develop Chapter 13 plans that get their finances on track while eliminating debt.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.