Chapter 13 bankruptcy in Florida can be difficult, and putting their faith in a lawyer you can trust is important. For most people in Florida, Chapter 13 involves the reorganization of finances over a period of 3-5 years, so you should have a bankruptcy attorney there with you throughout the case.

If you have assets you want to keep, and a steady income, a Chapter 13 bankruptcy may be the answer. Under a plan of repayment, you almost always keep all your assets in exchange for a payment plan.

Chapter 13, which is reorganizing your finances, is commonly known as a “reorganization bankruptcy.” In Florida, this is one of the most common ways for people to possibly stop a foreclosure of a home, to catch up the arrears or get a mortgage mediation, or stop the repossession of a car, to get current on the loan.

Sounds good, but is it worth it?

The amount of your repayment plan depends on your disposable income. That is, the income left after necessary expenses each month. For example, if you earn $ 2,000 per month after taxes, and $ 1,500 of which are used to cover expenses, you have $500 of disposable income that could be used to make your monthly payment.

Sounds good, but Chapter 13 bankruptcy in Florida is not the right choice for everyone. There are a number of advantages and disadvantages, and it is important to understand this before you file your case. A bankruptcy attorney can review this with you and help you make the right decision.

You do not need to hire a lawyer … but is it worth the risk?

You can file a Chapter 13 bankruptcy in Florida without hiring a lawyer.  There is no legal requirement to have a mechanic fix your brakes either. You could change the brake pads, disks, and such … but it’s a very complicated job and even worse if you have not done before. One little mistake and you will probably end up smashing your car into a tree.

It is the same with the presentation of a bankruptcy case in court. The paperwork is very complex, and if you miss one little thing you can jeopardize your entire case. If this happens, you may not be able to present a new case and get the same level of protection.

It costs you nothing to sit and talk with an experienced attorney.

Some lawyers charge an arm and a leg to give you the time of day, but not us. Make an appointment, come and sit down to talk about your problems. Let’s think about your options (including bankruptcy alternatives) and develop a plan to make your future better than the present.

You probably have a lot of questions, and I want to answer them. You can contact me or call 407-749-0080 to set up a free consultation without obligation.

Before talking with me, I would like you to read these articles on my website:

Chapter 13 Plan Payments

Chapter 7 Bankruptcy

And when you’re done with that, please take the time to read my Blog.