Chapter 13 Bankruptcy

Skilled Daytona Beach Bankruptcy Attorney

Are you buried under debt and unable to pay it off? If you need debt relief and you are not eligible for a Chapter 7 bankruptcy through the means test, you may be able to reorganize your debts by means of a Chapter 13 bankruptcy. This type of bankruptcy lets you get rid of debt with a three-to five-year repayment plan. If you need help finding a way out from under your debts, reach out to our Daytona Beach bankruptcy attorneys to determine if you qualify for relief.

For over a decade, The Law Office of Jeffrey A. Klein has worked with individuals and families find a way out of crippling debt and reclaim their financial freedom. Bankruptcy issues are highly sensitive and can have long-lasting repercussions which is why countless clients have turned to our firm for the legal counsel they need to successfully navigate their way to relief. Trust us to put your needs first when working with us on your bankruptcy matter.

What is Chapter 13?

This is a type of bankruptcy for those debtors who have the income to meet their basic needs but who have fallen behind in paying their mortgage or have considerable tax debt which can be repaid over time without penalties or interest.

In essence, a Chapter 13 bankruptcy allows you to:

  • Usually retain all your property
  • Make payments from projected income for three to five years
  • Discharge or eliminate all debt when payments are complete
  • Remove a second mortgage

A Chapter 13 repayment plan regulates how you pay back your debts and how the money is paid to your creditors.

In a Chapter 13, the court chooses an impartial trustee to examine the records our Daytona Beach bankruptcy lawyers can file on your behalf to determine how much you can realistically repay. It is in the trustee’s interests to formulate a payment plan which will work.

We Put Your Interests First

A Chapter 13 can potentially allow you to eliminate some debts which a Chapter 7 bankruptcy would not such as junior liens when the market value is less than the full balance owed on the first mortgage, court settlements and debts incurred by injury, and marital dissolution equalization payments.

Speak with The Law Office of Jeffrey A. Klein to determine if a Chapter 13 is the best path forward for repaying your debt without jeopardizing your financial integrity. We provide experienced legal counsel for every client and can give you the personalized attention your case deserves!

Call our office and get advice from a highly-qualified bankruptcy attorney to protect your future!

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