Chapter 13

Chapter 13 bankruptcy can be a good option for individuals who do not qualify for Chapter 7 or have equity and assets to protect. In Chapter 13, you keep your assets.

While both Chapters 7 and 13 look to assist the debtor with their expenses, Chapter 13 is based around reorganization and restructuring instead of liquidation. It is used by those who hold a job or have another form of consistent income. Through this type of bankruptcy, debts are consolidated and payments are made toward this total sum each month. The window of time will generally be around three to five years. After this time period has ended, the dischargeable debt will then be discharged.

At the law firm of Buddy D. Ford, P.A., we work with clients throughout the state of Florida to obtain the debt relief they need through Chapter 13 bankruptcy. We understand how upsetting it can be to face financial hardship. We will walk you through the entire process "with dignity" and be there with you through the end.

Helping You Find The Right Debt Relief Solution

There are some distinct differences between Chapter 7 and Chapter 13. Under Chapter 13, you would repay your reduced debt over a three- to five-year period, often at better terms and lower interest rates. You would make one payment to your trustee to satisfy all your debts. Unlike Chapter 7, you are not at risk of losing any of your property because you are repaying your debt over time. The repayment is usually 20 percent or less of the debt you owe.

When you hire our firm, your attorney will provide you with a complete evaluation of your case and explain exactly what to expect throughout the process. We will help you complete your initial application, be there with you at hearings and meetings, deal with any creditor issues that arise, and manage your case until you receive the discharge.

Call For A Consultation

Contact our office today to learn more about our Chapter 13 bankruptcy services and how we can help you. We are available during regular business hours and by appointment evenings and weekends. You can reach us by phone at 813-302-1258, toll free at 866-596-9247 or via email.