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Navigating Chapter 13 Bankruptcy: Your Path to
 Financial Recovery

Are you struggling with overwhelming debt and searching for a way to regain control of your
finances? Filing for Chapter 13 bankruptcy can offer you the relief and the fresh start that you
need before you can move forward and work toward a better financial future.

At the Law Firm of Michael A. Fakhoury, you can meet with an experienced Chapter 13
bankruptcy attorney who is here to guide you through the process. If you need help achieving
financial recovery, our law office has the means to help you navigate this type of bankruptcy.

Chapter 13 Bankruptcy Attorneys Are Your Trusted Partners

Searching for a Chapter 13 bankruptcy attorney near me? Located in Fishkill, NY, with a
focus on serving those in Dutchess County, the Law Firm of Michael A. Fakhoury is a
trustworthy partner when it comes to filing for Chapter 13 bankruptcy.

With years of experience and a proven track record of success, Michael A. Fakhoury is a
bankruptcy lawyer who offers personalized attention and unwavering support to each of his
clients. Whether you need assistance navigating bankruptcy laws and understanding the
meaning of unsecured debts or negotiating a car loan and attending bankruptcy court, you’re in
the right place.

Why Should You Retain Michael A. Fakhoury As Your Chapter 13
Bankruptcy Lawyer?

When it comes to choosing the right legal representation for your Chapter 13 bankruptcy case,
the Law Office of Michael A. Fakhoury is a standout option for countless reasons. To start with,
his law firm prioritizes the needs and concerns of their clients.

By providing assistance that is fully tailored to each individual client, Michael A. Fakhoury can
personalize his legal strategies to address the financial situations of those he represents. He
also has extensive experience in the legalese pertaining to Chapter 13 bankruptcy cases.
Thanks to his deep understanding of the complex legal processes involved in Chapter 13
bankruptcy, he can translate complicated jargon for his clients. Even better, Michael A. Fakhoury
is knowledgeable about the specifics of New York State Chapter 13 bankruptcy laws, which
ensures accurate and effective legal guidance for those in Fishkill, NY, or Dutchess County.

The Services of Bankruptcy Lawyer Michael A. Fakhoury

For those seeking legal assistance with a Chapter 13 bankruptcy case, the Law Firm of Michael
A. Fakhoury offers an expansive range of services. It all starts with thoroughly evaluating your
case to determine the best course of action based on your set of circumstances.

From there, you can also expect advocacy, representation, and negotiations on your behalf. If
necessary, Michael A. Fakhoury is prepared to take your case to court and do everything in his
power to achieve a favorable outcome for you.

FAQs About Bankruptcy Attorney Chapter 13 Proceedings

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a legal process that allows individuals with regular income — including disposable income — to develop a financial plan. This type of planning allows them to repay either all or a portion of their debt over a period of three to five years. It offers a form of debt relief to those who are drowning in the depths of their current outstanding debt.

Will Filing For Chapter 13 Bankruptcy Stop Creditors From Harassing Me?

Yes! When you file for Chapter 13 bankruptcy, an automatic stay will be triggered, meaning all
creditors will be prohibited from taking further collection-related actions against you. In other words, they can no longer harass you via phone calls, try to garnish your wages, or file lawsuits against you.

Can I Keep My Assets if I File For Chapter 13 Bankruptcy?

Yes! In most cases, you can keep your assets if you file for Chapter 13 bankruptcy. The process
of Chapter 13 bankruptcy allows you to retain ownership of your assets while you make efforts
to repay your debts. You’ll generally need to follow a court-approved repayment plan as well.

Who is Eligible To File For Chapter 13 Bankruptcy?

To begin with, people who have a regular source of income can file for Chapter 13 bankruptcy.
However, that’s not all. As of 2022, the debt threshold for Chapter 13 bankruptcy filings in New York State has been adjusted.

Now, the legal debt threshold is $2,750,000. Also, this amount pertains to both secured debt
and unsecured debt when determining if someone is eligible to file for Chapter 13 bankruptcy. When you speak with an attorney who specializes in Chapter 13 bankruptcy, your lawyer can help you determine your eligibility for Chapter 13 bankruptcy.

What Types of Debt Can Be Included in a Chapter 13 Repayment Plan?

Most types of debt can be included in a Chapter 13 repayment plan. This includes credit card
balances, medical bills, personal loans, and mortgage payments in most cases.

However, there are also certain types of debt that cannot be included in the repayment plan of a Chapter 13 bankruptcy case. These include student loans, child support, and certain forms of tax debt.

How Do Chapter 13 Repayment Plans Work?

In Chapter 13 bankruptcy, the person who owes money to creditors will work with his or her
bankruptcy trustee. Together, they will develop a repayment plan and outline how the debtor plans to repay his or her debt over a period of time.

It’s important to note that the debt must be repaid between three and five years of establishing the payment plan. Also, keep in mind that this type of repayment plan typically prioritizes mortgage arrears and priority-level tax debt. From there, the plan might include partial repayment or a total discharge of other forms of debt.

Call Michael A. Fakhoury To Discuss Chapter 13 Bankruptcy

If you’re struggling with overwhelming debt and considering Chapter 13 bankruptcy as an
option, why wait any longer? Don’t stress yourself out. Reach out to the Law Firm of Michael A.
Fakhoury instead!

You can schedule your free consultation by filling out the online form or calling (845) 896-5200.
We’ll reach out to you as soon as possible! We can’t wait to assist you navigate the Chapter 13
bankruptcy process.

Contact Us Today

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