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
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