Welcome to Aronow Law, P.C.
At Aronow Law PC, we know that financial hardship can feel overwhelming—especially when you’re doing everything right and still can’t seem to get ahead. If you’re struggling with debt but still have a reliable income, Chapter 13 bankruptcy may offer the opportunity you need to reorganize your finances and move forward with confidence. Our experienced attorneys are committed to helping clients throughout New York regain financial stability while protecting their homes, cars, and other valuable assets. You don’t have to face this challenge alone—we’re here to help you take the first step toward a brighter financial future.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy, also known as the “wage earner’s plan,” allows individuals with regular income to create a manageable repayment plan for their debts. Unlike Chapter 7, which wipes out qualifying debts through liquidation, Chapter 13 lets you keep your property while repaying all or a portion of your debts over three to five years. It’s an ideal solution for people who have fallen behind on mortgage or car payments but who want to keep their assets and catch up on missed obligations through a structured plan approved by the court.
One of the key benefits of Chapter 13 is the automatic stay, which goes into effect immediately upon filing. This stops foreclosure proceedings, halts wage garnishments, and pauses debt collection efforts—giving you time and space to breathe while working on a long-term solution.
Should I File for Chapter 13 Bankruptcy?
Choosing to file for Chapter 13 bankruptcy can be a strategic and empowering decision—especially for individuals and families earning a steady income but struggling to keep up with overwhelming debt. If you fall behind on secured debts such as mortgage or car payments but want to keep those assets and avoid foreclosure or repossession, Chapter 13 may be the right option for you.
Here are several common scenarios where Chapter 13 could be the ideal choice:
You have regular income but are behind on secured debts:
Even if you’re earning a consistent paycheck, missed mortgage or auto loan payments can quickly spiral out of control. Chapter 13 allows you to catch up on those missed payments over a 3- to 5-year period—without fear of losing your home or vehicle in the process.
You want to stop foreclosure or repossession:
When you’re behind on your mortgage or car loan, lenders may move quickly to take action. Filing for Chapter 13 immediately triggers an automatic stay, which halts foreclosure proceedings, stops repossession efforts, and gives you time to propose a repayment plan that works for your situation.
You don’t qualify for Chapter 7 due to your income level:
If your household income is above the median level in New York and you don’t pass the Chapter 7 means test, Chapter 13 is likely your next best option. It allows you to pay off your debts in a structured way without requiring the liquidation of your assets.
You have non-dischargeable debts and need more time to pay:
Debts like recent taxes, child support, and alimony typically cannot be discharged in Chapter 7. Chapter 13 gives you the opportunity to catch up on these obligations gradually, without facing aggressive collection efforts or legal penalties.
You have valuable assets or home equity to protect:
If you own property or assets that would be at risk of liquidation under Chapter 7, Chapter 13 allows you to retain them while still resolving your debt through a court-approved repayment plan. This can be particularly important for homeowners with substantial equity, small business owners, or those with investment property.
One of the most powerful aspects of Chapter 13 is its ability to consolidate your debts into a single, affordable monthly payment. This payment is based on your income, living expenses, and overall debt load—making your financial obligations more manageable and predictable. Over time, as you stay current on your plan, you’ll not only protect your assets but also rebuild your financial reputation.
At Aronow Law PC, we take a personalized approach to every case. Our experienced attorneys will sit down with you to evaluate your full financial picture, explain your options clearly, and help you decide whether Chapter 13 bankruptcy is the best path forward for long-term stability.
The Chapter 13 Filing Process
Filing for Chapter 13 begins with submitting a detailed bankruptcy petition that outlines your income, expenses, assets, debts, and a proposed repayment plan. Our legal team at Aronow Law PC will prepare and file all necessary documents, ensuring accuracy and compliance with court requirements.
Once the petition is filed:
- An automatic stay takes effect immediately.
- A trustee is appointed to review your case and manage payments to your creditors.
- A meeting of creditors (341 meeting) will be held where the trustee asks basic questions about your financial affairs.
- The court confirms Your proposed repayment plan, typically within 30 to 45 days.
With our firm by your side, we’ll represent you at all hearings and work closely with the trustee to get your plan approved quickly and efficiently.
How Chapter 13 Protects Your Property
Asset protection is one of the main reasons people choose Chapter 13 over Chapter 7. Chapter 13 allows you to:
- Prevent foreclosure and cure delinquent mortgage payments over time.
- Stop vehicle repossession and repay your car loan through the plan.
- Protect non-exempt property that might otherwise be liquidated in a Chapter 7 case.
- Discharge remaining unsecured debt once your repayment plan is complete.
Our legal team will ensure that you claim all applicable exemptions under New York or federal law and build a plan that helps you keep the things that matter most.
Life During and After Chapter 13
While you’re in a Chapter 13 plan, you’ll make regular monthly payments to the trustee, who will then distribute funds to your creditors. Most plans last three to five years, depending on your income and the amount of debt.
After successful completion of the plan:
- Remaining unsecured debts are discharged, including credit card balances, medical bills, and personal loans.
- You retain ownership of your property and emerge with a significantly improved financial outlook.
We also help clients rebuild credit through post-bankruptcy education and our referral network, so you can move forward with confidence.
Take the First Step Toward Financial Freedom
Chapter 13 bankruptcy isn’t the end—it’s a new beginning. With the right guidance and a tailored legal strategy, you can regain control of your finances, protect your assets, and work toward lasting financial health.
Contact Aronow Law P.C. today at (516) 762-6700 or email us at [email protected] to schedule your free consultation. Our office is conveniently located at: 7600 Jericho Turnpike, Suite 115, Woodbury, NY 11797
Why Choose Aronow Law P.C.?
At Aronow Law, we combine legal knowledge with a client-first approach. We’ve helped countless individuals across New York navigate bankruptcy with dignity and clarity. Whether you’re seeking debt relief, protection from creditors, or a structured plan for getting back on your feet—we’re the law firm you can trust.
