New Jersey chapter 13 lawyer - Straffi & Straffi Attorneys at Law - (732) 341-3800
Manage episode 379602611 series 3510462
Straffi & Straffi Attorneys at Law, located in New Jersey, is dedicated to delivering top-notch legal services, with a strong emphasis on bankruptcy and related fields, guiding clients through difficult legal situations.
What does the completion of a Chapter 13 bankruptcy mean?
When a Chapter 13 bankruptcy process is completed, the debtor is absolved from all debts specified in the plan, with a few exceptions. Hence, creditors cannot start or continue any legal proceedings to collect the discharged debts.
Can a Chapter 13 bankruptcy be settled early in New Jersey?
A Chapter 13 case usually includes a repayment plan to be completed in a span of 36 to 60 months. After payments, a discharge order is entered, eliminating certain debt balances. It is indeed possible to settle a Chapter 13 case early by finishing repayment and getting a discharge.
How long does a Chapter 13 bankruptcy linger on your financial record?
A Chapter 13 bankruptcy is typically visible on your credit report for seven years from the filing date, after which it is automatically removed.
Straffi & Straffi Attorneys at Law
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