Florida Personal Bankruptcy Lawyer
Are you stuck in a cycle of debt and struggling to meet your monthly payment obligations? Have you run into dead ends while trying to refinance or consolidate? Have you gone into default and been threatened with foreclosure or any other serious debt enforcement action?
If so, I may be able to help. I am Don Anderson, a Clearwater Chapter 13 bankruptcy attorney with more than 35 years of legal experience. To set up a free consultation to discuss whether Chapter 13 is the right bankruptcy option for you, please contact my office today.
Explaining the Differences Between Chapter 13 and Chapter 7
While Chapter 7 bankruptcy can permanently eliminate certain debts within a few months, Chapter 13 puts your debts on a three- to five-year repayment plan. Depending on what types of debts you have, you may be expected to fully or partially repay them over that time.
Most people who file for bankruptcy in Florida choose to file under Chapter 7, but the Chapter 13 payment plan option can also be very helpful for people in certain situations. The following are some reasons why you may want to consider filing for Chapter 13 bankruptcy:
- You may have too much income to qualify under the Chapter 7 means test.
- You may want to stop foreclosure and catch up on your mortgage arrears.
- You may have received a Chapter 7 discharge too recently to file for Chapter 7 again.
Chapter 13 bankruptcy is primarily designed for people who are employed but do not earn enough to catch up with their debts. The goal of the process is to restructure your debts into payments that you can afford based on your regular monthly income.
Guiding You Toward the Debt Relief You Need
I take a hands-on approach to guiding my clients through the bankruptcy process. I will objectively analyze your financial situation and give you sound advice in plain English so you can make an informed decision on whether Chapter 13 or Chapter 7 is right for you.
I have decades of experience helping clients understand and pursue their bankruptcy options. If you have defaulted on your debts or are in danger of doing so, don't hesitate to contact me to discuss whether you can obtain debt relief through Chapter 13 bankruptcy.
