Chapter 13 Bankruptcy Lawyer

St. Petersburg | Tampa Chapter 13 Bankruptcy Lawyer

Looking for a Chapter 13 Bankruptcy Lawyer ? You have came to the right place. Sunshine State Bankruptcy – A St. Petersburg based law firm specializes in Chapter 13 Bankruptcy cases. Chapter 13 is different from a chapter 7 bankruptcy in several ways. First, Chapter 13 often helps in dealing with “secured debt”, like your house mortgage or car payment. Often these debts can be lowered or adjusted in a Chapter 13 bankruptcy, unlike Chapter 7. Instead of forgiveness and discharge of your debt in Chapter 7, Chapter 13 is a repayment of your debts. A repayment plan is created for a period of 3 to 5 years, during which you agree to repay your secured debts over time in exchange for keeping your car and/or house. Of course, during this time you must keep your payments current.

Chapter 13 is right for those people who have assets, like a house or car, that they want to keep despite being behind in their payments. The good news is that, for the most part, your unsecured creditors agree to take the amount of money you can pay! Why? Because the amount of your repayment is based on your “monthly disposable income” and the equity in your property. The “means test”, which the bankruptcy law requires, is used to determine whether you qualify.

Chapter 13 also has several other advantages. While you don’t eliminate all your debt, you make your debt more manageable based on what you can afford to pay. Chapter 13 not only provides debt relief but is a way to regain control over your finances so you can rebuild not only your credit, but your life. Chapter 13 is another way to hit your financial restart button.

Chapter 13 Bankruptcy Lawyer : Who Can File for A Chapter 13?

Any individual debtor whose unsecured debts are below $336,900 and whose secured debts are less than $1,010,650.

Sunshine State Bankruptcy Law Firm , your Chapter 13 Bankruptcy Lawyer, may be able to help you with your financial struggles with a Chapter 13 bankruptcy today. Call 1-877-352-8192 now or simply use the contact page to send us a summary of your situation.

How are chapter 13 bankruptcy lawyer payments paid?

In a Chapter 13 bankruptcy, your lawyer/attorney’s fees can either be paid either before filing or as part of the repayment plan. In a Chapter 13 bankruptcy, Sunshine State collects $1,995 before filing and puts the balance of the attorney’s fee in a repayment plan that requires upfront cash before filing a Chapter 13 bankruptcy.

At Sunshine State Bankruptcy Law Firm we help you design and submit a repayment plan that is sent to the bankruptcy court for approval. If approved you’d be making monthly payments to the bankruptcy trustee who will then pay your creditors based on the terms of the plan. The repayment plan maybe 3 to 5 years, but guess what? At the end of the repayment period if you’ve kept your promise and made all the payments to your Chapter 13 bankruptcy lawyer , all your remaining unsecured dis chargeable debt is forgiven!