Boca Raton Chapter 13 Bankruptcy Lawyers

Personal bankruptcy attorneys from Padula & Grant, PLLC law firm in Boca Raton assist individuals in filing Chapter 13 personal bankruptcy as a debt reorganization option. If you are in financial distress, call a trusted professional bankruptcy law firm.

Chapter 13 Personal Bankruptcy

If you are behind in your credit card bills, have suffered a loss in income, and have nowhere else to turn, you should consider seeking legal help for Chapter 13 bankruptcy. Chapter 13 personal bankruptcy is a way for employed individuals to restructure the debt they have defaulted on over a period of time.

Chapter 13 - A way to Stop Foreclosure

When you fall behind in your debts, your goal should be to keep your house at all costs. Chapter 13 is a way for you to avoid foreclosure since your home is not an eligible asset. However, you do have to continue making mortgage payments. In a Chapter 13 proceeding, a trustee consolidates and manages a plan to repay your creditors over a three to five year period. You are protected from contact with creditors during the time you are in the Chapter 13 plan.

Filing Requirements for Chapter 13 Bankruptcy

Filing requirements for Chapter 13 bankruptcy are similar to other types of bankruptcy. The court will need an inventory of your assets and liabilities, proof of income and expenses, the previous year’s tax returns, your lease if applicable, and a financial worksheet stating your financial condition. You will be required to attend credit counseling and the recommendation of the counseling agency should be available to the court.

Call Chapter 13 Bankruptcy Lawyers

With an experienced and trusted attorney by your side, the process of Chapter 13 bankruptcy can be managed without fear of foreclosure. Feel free to complete our quick contact web form or call the Chapter 13 personal bankruptcy attorneys from Padula & Grant in Boca Raton at 561.544.8900 to discuss your financial situation. We want to help you.