For assistance filing a Chapter 13 Bankruptcy, choose the Law Offices Of Edwin M. Adeson in Glens Falls, NY.

Reorganization through Chapter 13

A Chapter 13 Bankruptcy is a reorganization process where you repay back at least a portion of your debt or all of it, depending on your assets and gross income. This type of bankruptcy is extremely useful because it immediately stops a foreclosure action or sale and stops and prevents a vehicle from being repossessed, which is called an automatic stay.

Additionally, a Chapter 13 Bankruptcy is useful to those who are unable to file a Chapter 7 because they make too much money annually (over the means test) or they fear they will lose an asset that is not exempt or protected in a Chapter 7. Common examples of assets include rental properties or expensive vehicles that have significant equity, motorcycles, vacant land, second homes, and time-shares that are free and clear.

Filing a Chapter 13

Once you file the Chapter 13, you repay back all arrearages owed on the real property or the vehicle over a period of 60 months, and you can resume making the regular monthly payments immediately. This allows someone who is significantly behind on their mortgage or vehicle payments to force the creditor to accept a payment plan over five years, rather than being forced to come up with the entire balance or lose the secured item.

Someone filing a Chapter 13 may file it at 9:59 a.m. with a pending foreclosure sale at 10:00 a.m., and the foreclosure sale will be canceled. Additionally, Chapter 13 bankruptcies are used to pay back real estate taxes over five years and immediately stop tax foreclosure sales.

Testimonials & Reviews

“I thought I was never going to be able to ever get credit again. I am a single mom recently divorced. I had way too much credit card debt. I got referred to Mr. Adeson for bankruptcy. I never imagined I would ever have to file bankruptcy in my life. I was so scared. But Mr. Adeson sat down with me and explained the entire process. It was not nearly as bad as I imagined it was going to be. The process to file bankruptcy was fairly easy. I am now debt free. My creditors never contacted me again after fling the bankruptcy. I purchased a vehicle 8 months after filing my bankruptcy at a 3.9% interest rate and only 2 years after filing my bankruptcy I am in the process of purchasing a house and I have been pre-approved for a mortgage at 4.5% interest. I owe it all Mr. Adeson. Anybody who has financial problems out there go see Mr. Adeson. He did a fantastic job and I highly recommend him.”

Savannah Coles, 5 Star Facebook Review

“Have worked with him on two different occasions and have been very happy with his work quality, prompt service, and fair price!”

Jessica Blanchard, 5 Star Facebook Review

“I got injured with no medical insurance and had huge medical bills and I also had some credit card debt. I did not know what to do. I thought about contacting one of these internet companies that promise to get you out of debt but heard they were mostly scams. Several people referred me to Ed Adeson. Ed spoke with me on the phone for about 20 minutes. He was so understanding and advised me that bankruptcy was my best option, Ed immediately set up an appointment in person and got my paperwork filed within the week. I am now debt free and I have reestablished my credit in less than 6 months and I was able to get a car loan. I am so thankful that I called Ed and got out of debt. If you need to file bankruptcy definitely call Ed as he is compassionate, efficient and knows exactly what his is doing.”

Hazel Rosewood, 5 Star Facebook Review

“Thank you for your great work! Thank you for enabling us to get on with our financial life in 2017 without the burden of debt. What a great Christmas present! We wish you happy holidays & continued success the services you provide.”

James & Brenda Parrish, 5 Star Facebook Review

“Was very nice and easy to deal with. Explained everything as we went thru this in easy terms, everything was settled fast and easy.”

George Nash, 5 Star Facebook Review

“I needed to get out of debt and called Ed Adeson. He returned my telephone call immediately and processed the bankruptcy paperwork within a few days. I called around and Ed was the CHEAPEST in the area for fees. He made the process so simple and explained everything so that I could understand what was happening every step of the way. If you need a bankruptcy attorney Ed is the guy you should go see. Ed is friendly, efficient and knows what he is doing. I highly recommend Ed as he fixed my financial situation and life is now so much better.”

Robert Smith, 5 Star Facebook Review

“Thankyou very much for the great job you did and all your support on my difficult time of filing for bankrupcy. Your kindness and sympathetic words of ” Don’t worry. I got this. I will walk you thru this” at the hearing was greatly appreciated. I can’t thankyou enough.”

LorrieJoy SilverHamblin, 5 Star Facebook Review

“Walked us through the whole process..very professional, courteous, prompt, knowledgeable!! Thank you Ed for being our attorney.”

Glenda-Gordy Cook, 5 Star Facebook Review

“Very friendly. Doesn’t dick around like most lawyers gets the job done promptly.”

Ed & Lisa Quill, 5 Star Facebook Review

“Due to very high medical bills, I could not meet my obligations. After a year of struggling, I contacted Mr Adeson to file bankruptcy. It’s seven weeks later and the bankruptcy proceedings are done and I am free of debt. The fee was very reasonable. Mr Adeson is an extremely efficient and caring attorney. HIGHLY RECOMMENDED!”

PL, Testimonial

“I don’t use Facebook, but I have recommended your services and will continue to do so. I appreciated your prompt response every time I had a question. You made a most uncomfortable situation bearable. Many thanks”

J, Testimonial

“He is very proficient, easy to talk to, very through. I have worked with him on 2 different occasions. First time did not want to file he knew what was going on. He remained supportive through it all. This time there was no question I had to file and I knew exactly who I wanted to help me. He was extremely patient to get paid as well.”

Aileen Morris, 5 Star Facebook Review