Mortgage Debt Consumer Bankruptcy

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Has your mortgage become unmanageable? Fortunately, there are numerous ways in which bankruptcy can help you manage a mortgage situation that has spiraled out of control.


Filing Chapter 7 bankruptcy, also known as liquidation, eliminates credit card, medical and other forms of debt. No longer having these in the picture is often all someone needs to manage mortgage payments going forward. If keeping the property is not important to you, the mortgage can also be eliminated entirely in Chapter 7.

Chapter 13 bankruptcy, also called reorganization, does exactly what its name implies. In Chapter 13, mortgage arrears are placed into a payment plan along with other debts, with manageable payments scheduled over a three- to five-year period. Chapter 11 is similar, for those with a higher amount of debt.

Call us today to find out how we can make your mortgage manageable again.

Fill out the form below or call us at 646-326-9971 for a free in-office consultation.

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Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

How can we help you?

Discover the advantages we bring you. No-cost initial consultation.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

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The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



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6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.