Winter Park Chapter 13 Bankruptcy Lawyer

What is Chapter 13 bankruptcy? Chapter 13 is known as the "wage earner's bankruptcy" because it's generally used by debtors with a regular source of monthly income. One of the benefits of Chapter 13 over Chapter 7 is that it can save a home from foreclosure providing the debtor keeps up with their repayment plan.

How Long is Chapter 13 Bankruptcy

The debtor pays off all or a portion of their debts over a period of 3 to 5 years. The debtor is placed on Chapter 13 repayment plan where they pay an affordable monthly payment every month. The debtor makes their monthly payment to thfe bankruptcy trustee, who in turn pays the creditors. The debtor does not pay the creditors directly – the trustee handles this responsibility.

Chapter 13 Automatic Stay

Once the case is filed in court, the debtor enjoys relief from the "automatic stay," which prohibits creditors from taking any form of debt collection actions against the debtor. The automatic stay lasts through the duration of the bankruptcy until it is discharged.

Regarding nonexempt property, if you are required to pay a specific amount to unsecured creditors via Chapter 13, it can affect whether or not you are approved for modification. You are responsible for paying your unsecured creditors at least what they would have received in a Chapter 7 bankruptcy. 

If your plan is to be modified, they must be paid an amount that is the same as what they would have hypothetically received in a Chapter 7 filing. To learn more, speak with a Chapter 13 attorney in Winter Park.

Why Choose Our Chapter 13 Lawyer?

As a result of our work ethic, Richard A. Heller, P.A. has an A+ accreditation from the Better Business Bureau, a top Superb Rating from AVVO, and a Distinguished Rating by Martindale-Hubbell®, a nationwide legal ranking website.

Over the years we have helped many clients struggling to keep up with their monthly obligations get the fresh start they desperately needed. Through filing Chapter 13 bankruptcy, we have helped clients greatly reduce their monthly obligations into an affordable monthly payment and we have helped them save their homes from foreclosure.

• We offer free consultations.
• We have payment plans available in some instances.
• We offer Spanish speaking services.
• Serving Greater Orlando since 1990.

Contact Our Florida Chapter 13 Bankruptcy Attorneys

If the burden of debt is overwhelming, and you're searching for a way to regain control of your financial situation, you don't have to face the complexities of Chapter 13 bankruptcy alone. Empower yourself and seize your financial future by enlisting the services of a knowledgeable Chapter 13 bankruptcy lawyer. With their deep understanding of bankruptcy law, they will provide expert guidance, crafting a personalized repayment plan that suits your specific circumstances. Your dedicated attorney will fiercely advocate for your rights, shield you from creditor harassment, and ensure the accuracy and effectiveness of your bankruptcy filing.

Take that crucial first step towards financial freedom by scheduling a consultation with a trusted Florida Chapter 13 bankruptcy lawyer today. Let their expertise guide you on the path to debt relief and a fresh start.

Reach out to us online or call (407) 501-4052. Our Chapter 13 lawyers serve Winter Park and Orlando -- contact us for a free case evaluation today.