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Chapter 13 Bankruptcy Explained

Chapter 13 bankruptcy does not erase your debts completely, but it can reduce your debts and shield you from creditors. As an experienced bankruptcy lawyer, I can help you take full advantage of the special provisions of Chapter 13.

I am attorney Paul Petrillo, and bankruptcy law has been the main focus of my New Hampshire law practice for past nine years. I have helped hundreds of clients in Rockingham and Hillsborough counties, including those in Nashua and Manchester, save their homes and get out of debt through Chapter 13 bankruptcy.

The Benefits Of Chapter 13 Bankruptcy

In Chapter 13, your debts are spread out over three to five years. You make one monthly payment to a bankruptcy trustee, based on your ability to pay after other expenses. Meanwhile, you are protected from all creditor actions. At the end of your plan, any remaining debts are discharged.

You may need to file Chapter 13 if you earn too much to file for Chapter 7 bankruptcy, if you would lose assets in Chapter 7, or if you are in arrears on your house payments or car payments.

Chapter 13 bankruptcy can:

  • Stop home foreclosure
  • Stop vehicle repossession
  • Stop wage garnishment
  • Stop creditor harassment, including lawsuits and phone calls
  • Refinance your car loan (if you meet the criteria)
  • “Strip” a second mortgage (under certain circumstances)

I can explain the benefits of bankruptcy and what is possible in your situation. Because you are agreeing to pay part of your debts, you do not give up personal assets in Chapter 13.

See frequently asked questions.

Call Today For The First Step Toward Relief

Bankruptcy offers real debt help, keeping your creditors at bay without additional interest or penalties. For a free and confidential consultation with a Chapter 13 bankruptcy attorney, call me at 603-635-4149 or contact me online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.