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Consumer Bankruptcy

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Chapter 13 Bankruptcy is designed for individuals with regular incomes who have the ability to repay a portion of their debts. In most circumstances, Chapter 13 is generally the only form of bankruptcy protection available to you if your income is above the your state’s (MA / NH) median income.

In a Chapter 13, Schreiber / Cohen, LLC. will help you create a debt repayment plan (known as a Chapter 13 Plan) that will allow you to pay back a certain percentage of your debts over the course of three to five years.

Generally, with some exceptions, the amount repaid through the Chapter 13 Plan is determined by subtracting your household living expenses from your household income. Any income that is left over after basic expenses such as rent and mortgage, electric utilities, car payments, and insurance will be paid to the bankruptcy trustee. The trustee, in turn, will pay your creditors according to your Chapter 13 repayment plan.

The Schreiber / Cohen, LLC. Difference

The lawyers of Schreiber/Cohen are experienced representing Chapter 13 debtors, Official Committees of Unsecured Creditors, Official Committees of Equity Security Holders, and Secured and Unsecured lenders.