NJ Bankruptcy Law Firms

66 East Main Street, 3rd Floor
Little Falls, NJ 07424
NJ Bankruptcy Law Office Logo (Transparent) dictating Ralph A. Ferro Jr., Esq's Law Practice

Chapter 13 Bankruptcy Attorney | NJ Bankruptcy Law Firm

New Jersey Bankruptcy Lawyer!

With 30+ Years of Proven results!
"I personally meet with You and represent You!"
"I have never Lost a Chapter 7 Bankruptcy Case"
"Experience = Results"
About Ralph A. Ferro Bankruptcy Lawyer

Chapter 13 Bankruptcy

Eligibility: Individuals only – not for Businesses - Debt Limits Increased to $2.75 million*
  • Chapter 13 Bankruptcy is a reorganization in which individuals utilize their income, and pay back a portion, or all of their debts.
  • Ralph A. Ferro, Jr., Esq. will develop a plan that has an established timeframe of 5 years or less.
  • 1 monthly payment to 1 person (Chapter 13 Trustee) satisfies your debts over the plan period.
  • Allows you to reorganize past-due tax debt – STOP IRS liens and levies
  • Keep your home and reorganize past due mortgage payments and property taxes.

*Expired on June 21, 2024 –  Congress did not take any actions to extend. 

Read More:  Chapter 13 Debt Limits 

  •  Congress did not take action, The debt limits reverted to the following:
  • $419,275 is now the unsecured debt limit
  •  $1,257,850 is now the secured debt limit

Individuals who were formerly eligible for Chapter 13 bankruptcy may now be forced to file a Chapter 11 Bankruptcy. 

  • STOP immediately upon filing:
    • Lawsuits
    • Car repossessions
    • Late fees
    • Annoying creditor telephone calls
    • Tax Sale
  • Wage garnishments
  • Home foreclosure
  • Sheriff Sale (can be stopped even hours before the Sale)
  • Debt interest
  • Annoying collection letters
  • Don’t let the bank take your home – If you have past-due mortgage payments, Chapter 13 may be Best for you.   
  • We will do an emergency Chapter 13 Bankruptcy filing to Stop the Sheriff’s sale.


  • Don’t let a property tax sale take your home – If you have past-due property tax payments, Chapter 13 may be Best for you.   
  • We will do an emergency Chapter 13 Bankruptcy filing to Stop the Property Tax sale.

Why File Chapter 13 Bankruptcy Instead of Chapter 7?

    • You are ineligible for a Chapter 7 bankruptcy due to high income or asset issues or a prior Chapter 7.
    • Need to catch up with past-due mortgage, past-due property taxes, and/or car payments & want to stay in your home & keep your vehicles
    • There is equity in your home and a Chapter 7 would not allow you to keep your home.
    • Your income allows you to pay back part of your debts but not all.

Example: You have disposable income of $1,000 per month after your basic living expenses but your minimal monthly credit card payments are $2,500 per month. 

In this situation, you have the ability to pay back something to your creditors but not all you owe

                  • However, payments for your debts are evaluated upon what you can afford.   

Chapter 13 Bankruptcy Attorney Law Firm

Choose a Smaller Law Firm for great results.  

Bankruptcy is a specialized field of law – At Ralph A. Ferro, Jr., Esq. Law Offices, we dedicate 100% of our practice to bankruptcy law.

In order to continually share expert bankruptcy advice to my clients, I stay up-to-date with current bankruptcy laws and cases    This is evidenced by my being Board Certified as a NJ Bankruptcy Lawyer by the American Board of Certification    

You want your doctor to be Board Certified – You should want your Chapter 13 Bankruptcy Lawyer to be Board Certified.    Read more to find out why choose a bankrupty lawyer that is Board Certified.

My qualifications, expertise and integrity are reviewed every 5 (five) years in order to continue to meet or exceed rigourous certification standards.    I was originally Approved for Board Certification in 2015, reviewed and approved in 2019 and reviewed and approved in 2024.

Ralph A. Ferro, Jr., Esq. - Please read my client reviews - I care about my clients' ...

American Board Certification in Chapter 7, Chapter 11, and Chapter 13 Bankruptcy, earned by Ralph A. Ferro JR., Esq, a bankruptcy attorney operating in New Jersey

Ralph A. Ferro, Jr., Esq. Bankruptcy Lawyer

Ralph A. Ferro Law Office Building Picture