A Repayment Plan for Helpful Debt Relief in Florida
For clients who have more assets and higher incomes, or who simply want to pay off their debts over a period of time, Chapter 13 bankruptcy may be a helpful option that will still provide effective debt relief. Under Chapter 13 bankruptcy, a repayment plan will be created that will last from three to five years.
At The Davies Law Firm, LLC, in Orlando, Cocoa and Kissimmee, I can advise you on your options and help you determine whether Chapter 13 bankruptcy is right for you. With my legal experience, I have learned the benefits and disadvantages of each form of bankruptcy and how it will impact the lives and financial futures of people in debt. My honest advice and helpful service will guide you through the process with confidence.
A debt reorganization in a Chapter 13 bankruptcy can reduce the amount of stress that you feel over your financial problems, which is the first step toward moving on with your life in a productive way. Learn more from me, attorney Kathleen Davies, about your rights by sending me an e-mail or calling toll free at 866-471-4282.
Benefits of Chapter 13 Bankruptcy
Chapter 13 bankruptcy can allow people to obtain debt relief from creditors, while keeping homes and other assets during the process. If your income is sufficient enough to pay for basic expenses, and you have money left over to pay off a portion of your debts, Chapter 13 bankruptcy could be the right option for you.
Benefits of Chapter 13 bankruptcy include:
- An "automatic stay" prevents creditors from contacting you about debts
- Repossession efforts for cars, boats and other assets are stopped
- Foreclosure proceedings are halted
- There is no means test to pass
With the help of a bankruptcy lawyer, you will pay a periodic sum to the bankruptcy trustee, who will distribute that money to your creditors. As you are paying off the debts through the plan, your credit will be rebuilding and you will be working towards a fresh financial start.
Learn More About Chapter 13 Bankruptcy
Chapter 13 bankruptcy is often a helpful solution for those who have sizeable mortgages on homes that have plummeted in value. Contact my office at The Davies Law Firm, LLC, to learn more about your options. Call me in Orlando at 407-401-7292 or toll free at 866-471-4282.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
