Central Florida Chapter 13 Bankruptcy Attorneys
In a challenging economy, individuals can quickly become overwhelmed by debt. Divorce, medical emergency, or the loss of a job can suddenly throw a family's finances into turmoil. Fortunately, Congress has enacted the Bankruptcy Code to help people get a fresh start and begin working toward financial stability.
The Orlando Chapter 7 bankruptcy attorneys at the law firm of Richard A. Heller, P.A., have more than 20 years of experience guiding clients through financial troubles. Our thorough understanding of bankruptcy laws helps our clients see how filing can help their unique situation. We also take care to explain the consequences of filing for bankruptcy, so our clients can make an informed decision about what is truly right for them.
The two most common filing chapters in the Bankruptcy Code for consumers are Chapter 7 and Chapter 13. There are several differences between the two, including:
- Individuals have to qualify for Chapter 7 via a means test. Within certain limits, nearly everyone can qualify for Chapter 13.
- Chapter 13 remains a popular choice for individuals with a great deal of property, assets or income. These individuals might find it difficult to qualify for Chapter 7, or could lose much of their assets in Chapter 7.
- Chapter 13 allows clients to add legal fees into the repayment plan. Chapter 7 fees must be paid upfront.
- Chapter 7 is used to discharge all unsecured debt in a relatively quick period. In the Chapter 13 plan, a repayment period must be successfully completed before any remaining unsecured debt is eliminated.
These are just a few of the differences between Chapter 7 and Chapter 13. Through a detailed examination of your finances, our lawyers can offer legal advice on how best to proceed. Schedule a free bankruptcy consultation at our firm today.
Professional Legal Services
Have your case handled by an attorney with the experience necessary to provide you with the level of representation you deserve. Contact us today. We offer free initial consultations for bankruptcy and family law matters.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
