Caroline Secor PA

Chapter 13 Bankruptcy Holiday

A Chapter 13 bankruptcy is a reorganization bankruptcy for individuals. A wage-earner bankruptcy. Generally, individuals will file a Chapter 13 bankruptcy if they do not qualify for Chapter 7 bankruptcy, or to protect from foreclosure, garnishment, levy, or similar consequences.

Benefits of Filing for a Chapter 13 Bankruptcy

If you file a Chapter 13 bankruptcy instead of a Chapter 7 bankruptcy, here are some helpful benefits:

  • There is less damage to your credit
  • You will be able to keep your assets
  • You can protect your automobile or your home from foreclosure or repossession
  • You can organize your debts into a comprehensive payment plan
  • You will be protected from creditors as you pay back your debts
  • You can make up missed mortgage payments
  • Many of your debts will be discharged

Why Choose Chapter 13 Bankruptcy?

Some of the reasons you may choose Chapter 13 bankruptcy are:

  • You do not qualify for Chapter 7 or Chapter 11
  • You have more property than can be exempted in a Chapter 7 bankruptcy
  • You owe taxes or debts not dischargeable in Chapter 7
  • You are in default on a mortgage
  • You are in default on car or boat payments

Carolyn Secor


The federal government passed new bankruptcy reform legislation in October 2005. However, don't be discouraged! Most studies indicate that the new law affects less than 15% of individuals who could have filed previously. If you are feeling overwhelmed by your debts and considering filing bankruptcy, it is highly probable that you fall into the category of the 85 percent of people who are still eligible to file.




"Serving Pinellas, Pasco, and Hillsborough Counties."

Carolyn Secor, Attorney at Law
Bankruptcy Attorney Tampa Bay Florida
Florida Law Firm with Offices in
Clearwater (Main Office) Tampa St. Petersburg Port Richey
Phone:  1-727-254-1704

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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