Chapter 13 Lawyer Burlington County

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.

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Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.

OFFICES IN PA
AND NJ

In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

Achieve Bankruptcy Relief by Filing Chapter 13 in Burlington County

Struggling with overwhelming debt can feel like an uphill battle, but you don’t have to face it alone. If you’re searching for a trusted debt relief agency in the Burlington County area, the team at Sadek Bankruptcy Law Offices is here to help. As dedicated Chapter 13 lawyers in Burlington County NJ, we work closely with clients to create personalized plans for regaining financial stability.

Whether you’re behind on bills, facing foreclosure, or just need a way to restructure your debts, we can guide you through the Chapter 13 bankruptcy process. Contact us today at (856) 890-9003 for a free consultation and take the first step toward a brighter financial future.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, often called a “wage earner’s plan,” is a legal process under the Bankruptcy Code that allows individuals to reorganize their debts into a manageable repayment plan, typically lasting three to five years. Unlike Chapter 7, which liquidates assets, Chapter 13 lets you keep your property while catching up on missed payments.

This option is particularly helpful for those facing financial challenges, such as job loss or sudden medical bills, who need a structured way to regain control over their finances while protecting their assets.

Chapter 13 vs Chapter 7

The main difference between Chapter 13 and Chapter 7 bankruptcy lies in how debts are handled. Chapter 13 bankruptcy focuses on reorganizing your debts into a repayment plan, allowing you to keep your assets while making affordable payments over three to five years. This option is ideal for individuals with a steady income who need time to catch up on missed payments for things like mortgages or car loans.

In contrast, Chapter 7 bankruptcy involves liquidating non-exempt assets to pay off creditors and is typically suited for those with limited income and overwhelming debt. Chapter 13 provides the advantage of retaining property and avoiding foreclosure while addressing financial obligations.

Eligibility Requirements for Filing Chapter 13 in Burlington County

Filing for Chapter 13 bankruptcy can be a great option for individuals looking to reorganize their debts and regain financial stability. However, not everyone qualifies for this type of bankruptcy. Bankruptcy law outlines specific eligibility requirements that must be met to file under Chapter 13.

Below, we list the key eligibility requirements for filing Chapter 13:

  • Stable Income: You must have a regular income that can support a repayment plan approved by the court. You need sufficient income to cover your living expenses and the required payments under the repayment plan.
  • Debt Limits: Under bankruptcy law, your unsecured debts (like credit cards) must not exceed $465,275, and your secured debts (like mortgages) must not exceed $1,395,875. These amounts are adjusted periodically.
  • Up-to-Date Tax Filings: You must have filed all required tax returns for the past four years to qualify.
  • Individual or Sole Proprietor Only: Chapter 13 is available to individuals or sole proprietors, not businesses or corporations.

What Can Disqualify Someone from Filing Chapter 13 in Burlington County?

Certain factors can disqualify someone from filing Chapter 13 bankruptcy, making it important to consult a bankruptcy lawyer before proceeding. A lack of sufficient income to meet the repayment plan requirements is a common disqualifier, as Chapter 13 relies on a steady income to pay creditors over time.

Other disqualifying factors include exceeding the debt limits set by the Bankruptcy Code, failing to file necessary tax returns, or having a prior bankruptcy case dismissed within the last 180 days due to noncompliance with court orders. Working with an experienced Chapter 13 bankruptcy lawyer in Burlington County can help you understand if Chapter 13 is a viable option for your financial situation.

Why Do People File Chapter 13?

Many people choose Chapter 13 bankruptcy because it offers a way to reorganize, pay debts, and protect important assets while catching up on missed payments. This type of bankruptcy is particularly helpful for individuals who want to prevent losing their homes or vehicles and need time to regain financial stability.

Below are some common reasons why people file Chapter 13.

Benefits of Chapter 13 Bankruptcy

  • Foreclosure Defense: Chapter 13 allows homeowners to stop foreclosure proceedings and catch up on missed mortgage payments through a court-approved repayment plan.
  • Car Payments: It provides an opportunity to catch up on overdue car payments, potentially reducing the total amount owed or interest rates in some cases.
  • Debt Consolidation: Filing for Chapter 13 combines debts into a single, manageable monthly payment, often reducing the total amount paid to creditors.
  • Protection of Assets: Unlike Chapter 7 bankruptcy, Chapter 13 lets individuals keep their home, car, and other essential property while paying back debts over time.
  • Tax Debt Management: Certain tax debts can be included in the repayment plan, making it easier to handle past-due taxes.

What Is the Process for Filing Chapter 13 in Burlington County?

The process for filing Chapter 13 bankruptcy in Burlington County involves several steps designed to help you reorganize your debts and create a manageable repayment plan. Working with an experienced attorney is essential to ensure that the process is handled correctly and efficiently.

chapter 13 attorney burlington county

First, we’ll help you gather all necessary financial documents, including income statements, tax returns, a list of debts, and information about your assets. We will use this information to evaluate your financial situation and determine if Chapter 13 is the right choice for you. Once you decide to proceed, we will help you prepare and file the required bankruptcy forms with the court.

Next, we’ll help you propose a repayment plan outlining how you intend to pay back your creditors over three to five years. A bankruptcy trustee will review the plan, and a confirmation hearing will be scheduled to finalize its approval. During this time, you’ll also attend a mandatory credit counseling session to better understand your financial situation and develop budgeting skills.

Once the court approves your repayment plan, you’ll begin making payments to the trustee, who will distribute the funds to your creditors. Throughout the repayment period, we will assist you with any issues that arise, such as modifying your plan due to changes in your financial circumstances. After completing the plan, any remaining eligible debts will be discharged, giving you a fresh financial start.

How Can Our Chapter 13 Attorneys Help You Achieve Debt Relief?

The Chapter 13 attorneys at Sadek Bankruptcy Law Offices are dedicated to helping clients regain financial control and achieve lasting debt relief. If you’re facing foreclosure, our attorneys can work quickly to stop the proceedings and develop a repayment plan that allows you to catch up on missed mortgage payments while keeping your home. We understand how overwhelming financial stress can be, and we’re here to guide you every step of the way.

Our experienced attorneys will evaluate your financial situation in detail and craft a personalized repayment plan aimed at achieving the best possible outcome for your case. Whether you’re dealing with overdue car payments, tax debts, or mounting credit card bills, we’ll negotiate with creditors and ensure that your repayment plan fits your budget. With our support, you can feel confident seeking debt relief through Chapter 13.

By filing Chapter 13 with Sadek Bankruptcy Law Offices, you can stop creditor harassment, protect valuable assets, and create a path toward a fresh start. We’ll handle the legal details so you can focus on rebuilding your financial future and achieving lasting stability. Let us help you take the first step toward a brighter financial outlook and achieve the best possible outcome for your situation.

Contact Our Burlington County Bankruptcy Lawyers Today

If you’re considering filing Chapter 13 bankruptcy in Burlington County, don’t wait to get the help you need. The compassionate and experienced team at Sadek Bankruptcy Law Offices is here to guide you through every step of the process, from understanding your options to achieving long-term financial stability. 

We know how stressful debt can be, and we’re committed to helping you take control of your finances and protect what matters most. Contact Sadek Bankruptcy Law Offices today to schedule a free consultation and let us help you take the first step toward a fresh financial start.

We also assist with bankruptcy matters in other locations, such as the following:

To arrange a free and confidential consultation with a Philadelphia bankruptcy attorney regarding your legal matter, call our Philadelphia headquarters at 215-545-0008.

Philadelphia Bankruptcy Attorney

Work with Our Dedicated and Experienced Bankruptcy Lawyers

Sadek Bankruptcy Law Offices, LLC has a dedicated team of lawyers who help clients achieve the benefits of bankruptcy in Pennsylvania and New Jersey. Our lawyers have over 75 years of combined experience and have filed more than 5,000 successful bankruptcy cases.