If you have a Chapter 13 bankruptcy repayment plan and struggle to meet your obligations, you can ask the court to modify your agreement. Most Chapter 13 plans pay out in three to five years, so you might have room to stretch your payments. The bankruptcy court judge...
Chapter 13
Should you file for Chapter 7 or Chapter 13 bankruptcy?
Florida residents dealing with overwhelming debt might want to consider bankruptcy. If you're looking at your options, you should know whether it's better to file Chapter 7 or Chapter 13. What is Chapter 7 bankruptcy? Chapter 7 bankruptcy allows you to discharge your...
The Chapter 13 repayment plan
Chapter 13 bankruptcy can be a great solution for people in Florida who have overwhelming debt and a lot of assets they want to keep. Rather than facing a liquidation like in Chapter 7, people that file Chapter 13 hold onto their assets and work out a manageable debt...
Debts that won’t go away in bankruptcy
Filing for bankruptcy may make it possible to eliminate credit card, medical or other debt balances. In some cases, it may be possible to do so without losing assets such as your Florida home. However, there are some debts that you cannot eliminate regardless of...
Is Chapter 13 bankruptcy right for you?
Florida residents who have found themselves under a massive load of debt with no way out may consider bankruptcy. While this type of financial move should never be taken lightly, it can be a necessity for some people. There are many different types of bankruptcies out...
Common reasons for Chapter 13 bankruptcy dismissal
Sometimes, debts get out of a debtor's control, making them hard to pay and manage. Bankruptcy gives them an option to remove some debts by liquidation through Chapter 7. If a debtor wants to pay their debt and keep assets, Chapter 13 allows them to use a payment plan...
The responsibilities of a bankruptcy trustee
If a debtor in Florida feels they can not manage their debts anymore, they commonly consider bankruptcy. Bankruptcy helps debtors remove certain debts legally by a liquation process in Chapter 7 and debt repayment under Chapter 13. Each bankruptcy type commonly...
What is chapter 13 bankruptcy?
Many individuals in Florida and across the U.S. unexpectedly get behind on bills. If you're in this situation, you might consider filing for bankruptcy. Although there are several options available to you, Chapter 13 may be a viable option to consider if you still...
What happens to a leased car after you file for bankruptcy?
If an individual is having trouble managing their debts, they can file for bankruptcy as a last resort. Filing for Chapter 13 bankruptcy in Florida gives an individual the chance to pay off their debts over a period of three or five years. If a leased vehicle is part...
What to expect when a Chapter 13 case ends
If you are struggling to pay your bills, it may be possible to file for a reorganization bankruptcy. When you file, you will be required to present a repayment plan to a Florida judge and agree to abide by that plan for up to five years. At the end of a Chapter 13...