Secured Loans/Debts

Consumer Bankruptcy

Learn More

The most common types of secured debt are mortgages and automobile loans.


When filing for bankruptcy in New York State, you have different options for dealing with these debts depending on what you want to do with the property.

If you want to stay in your home, filing Chapter 13 bankruptcy is often the best option. In a Chapter 13 proceeding, past due mortgage payments along with other debts are placed into a repayment plan.

If the house or car has become completely unaffordable, you can file Chapter 7 bankruptcy, in which you give the property up, the associated debts are eliminated, and you can start fresh.

Contact our bankruptcy attorneys to determine what the best course of action is for dealing with secured debt that has become too hard for you to handle.

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