Designed for individuals with overwhelming debt but important assets like a car or home, Chapter 13 bankruptcy allows you to restructure your debt and enter a repayment plan without having your assets liquidated or sold.
There are many benefits to a Florida Chapter 13 bankruptcy, including but not limited to:
Your repayment plan is court approved
Your repayment plan has taken into consideration your disposable income, and it is reasonable for you to pay
Some debts – like credit card debt and medical bills – do not have to be paid at all under Chapter 13
Creditor harassment will stop as soon as your bankruptcy is filed
The threat of foreclosure and repossession will cease to exist
You are able to keep more of your possessions
You will be able to repay tax debts and satisfy liens
Your mortgage interest may be reduced to 0% while you get caught up on your payments
Chapter 13 bankruptcy is an excellent option for many people, but it takes the expertise and skills of an experienced bankruptcy attorney to properly file for a Chapter 13.
As a seasoned Florida bankruptcy lawyer, I can help you ensure that all paperwork is completed properly, and that your assets are listed accurately so most – if not all – of them are exempt from liquidation.
Call me today for a consultation.