Bankruptcy Chapter 13
Chapter 13 Bankruptcy Lawyer
Lehn Law is a bankruptcy law firm serving Port Charlotte, Sarasota, Englewood and surrounding communities
In the midst of today’s sinking economy, it is not uncommon for individuals and families to be overwhelmed with debt.
However, there are many options available to you if you are struggling to make payments on what you owe, or are unable to make payments at all.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a type of bankruptcy that reorganizes your debts, and provides you with a court approved repayment plan that is based on your income and what assets you have available to you.
While you will still have to pay a portion of what you owe under Chapter 13, the payments are often less than they would be if you were paying each individual creditor outright.
- An experienced Florida bankruptcy attorney can inform you of your bankruptcy options and give you the information you need to make a decision.
When you are under a Chapter 13 bankruptcy plan, a 3-5 year repayment plan will be presented to the creditors. This plan will offer to pay part or all of the debts from your future earnings.
- This can help you to keep your home from being foreclosed upon, as well as stop interest from continuing to build up on tax debt. If you pay according to your agreement, any debt left after the end of the plan will be discharged.
Lehn Law, P.A. can assist you with filing a Chapter 13 bankruptcy, and will guide you from the beginning of the process to the end, providing support and personalized assistance throughout the process.