Melbourne, FL Chapter 13 Bankruptcy Attorney
Helping Clients with Chapter 13 Bankruptcy Cases in Palm Bay, Eau Gallie and Melbourne, Florida
Is a Chapter 13 bankruptcy the right option for you? A Melbourne bankruptcy lawyer can give you a consultation to help you determine what your options are. If you are facing overwhelming debt, foreclosure and creditor harassment, filing for bankruptcy under Chapter 13 of the Bankruptcy Code may be the answer you have been looking for to finally find relief.
A Chapter 13 bankruptcy filing offers homeowners the chance to save their homes from foreclosure. Some of the benefits of filing under Chapter 13 are as follows:
Stops foreclosure proceedings, and may give the homeowner the opportunity to pay delinquent payments over time.
Stops creditor harassment and all direct contact from creditors who are trying to collect debts.
Stops creditors from taking legal action to collect debts.
Acts like a consolidation loan, where the debtor makes a single payment to a Chapter 13 trustee, who then distributes payments accordingly among creditors.
Upon a successful conclusion, the debtor will be released from all dischargeable debts (excludes alimony, child support, student loans and some taxes).
Allows the debtor to keep property and assets while paying debts over time, usually for a period of 3 to 5 years.
With a skilled Florida bankruptcy attorney on your side, you can make the right decision in regards to filing a Chapter 13 bankruptcy. This may be the best option for your current and future finances.
What You Can Do
There is much you can do if you are or may be facing foreclosure or bankruptcy. Before you file a Chapter 13 or Chapter 7 bankruptcy, consult an attorney in order to get legal advice. By taking action early on, your attorney may be able to help you avoid foreclosure altogether. The wrong thing to do is nothing, as that can have disastrous results – the worst of which is losing your home. You may find, after filing for a Chapter 13 bankruptcy with the help of a lawyer, that your finances are in better condition than they have been in a while. And, recovering after your bankruptcy is easier when you have the professional legal advice of an experienced lawyer.
Contact a Melbourne, Florida Chapter 13 bankruptcy lawyer today!