Caroline Secor PA

Chapter 13 Bankruptcy Tarpon Springs

Chapter 13 bankruptcy may help lift the burden of overwhelming debt through reorganization. The bankruptcy lawyers at Carolyn Secor PA can advise you as to how Chapter 13 can help you manage your debt, given your financial situation and goals. If you decide to proceed with bankruptcy, we can provide the guidance and support you need to emerge from the process with a satisfactory outcome.

Chapter 13 Bankruptcy in Florida

The two most common types of bankruptcies are Chapter 7 and Chapter 13. While Chapter 7 is often favored because of its relative speed, some individuals may not be eligible for Chapter 7 either because they failed the “means test” or because Chapter 7 may not be the best option for their particular situation. In these cases, Chapter 13 may be a viable alternative.

While Chapter 7 is a liquidating bankruptcy, where your non-exempt property is sold to pay off creditors, Chapter 13 is a reorganization bankruptcy. If you have enough disposable income to pay your creditors, you can have your debt reorganized under Chapter 13 to make it easier for you to pay those debts under a repayment plan.

Chapter 13 debt repayment plans are typically three to five years long, which means you will have to make monthly payments over the duration of your plan. Unlike Chapter 7, Chapter 13 will make it easier for you to pay your debt, but it will not eliminate your unsecured debt until you complete your plan. An experienced bankruptcy lawyer can help you develop a repayment plan that considers your unique situation, the relevant Florida exemptions, and other factors that can affect your ability to ultimately complete the repayment plan.

You may be eligible for Chapter 13 if you do not pass the “means test” for Chapter 7. However, there are limits on how much debt you can have to file for Chapter 13 protection. The limits are adjusted periodically


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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