A Bankruptcy Law Firm With Proven Success
Chapter 13 bankruptcy protection does not eliminate debt in the same way as Chapter 7. Instead, clients are required to restructure their debt and create a repayment plan that is better designed to fit an individual’s ability to pay. The changes to the bankruptcy laws in 2005 were largely aimed to try and force more ordinary people into Chapter 13 repayment rather than getting the benefit of more thorough debt elimination through Chapter 7.
Our bankruptcy attorneys at Carolyn Secor PA can help families and individuals get the most out of Chapter 13 bankruptcy. We fully evaluate your financial situation, debt and income to make sure that Chapter 13 is your best option. Many people who come to our firm are surprised to discover that Chapter 13 may not be the right option, and that with the assistance of an experienced and qualified lawyer, they can be better served by Chapter 7’s debt elimination strategies.
Finding the Bankruptcy Plan That Works for You
Not all bankruptcies are the same. It’s important to understand the difference between Chapter 7 and Chapter 13 bankruptcy when considering your options. It’s equally important to have a Miami bankruptcy lawyer on your side that will take the time to help you find the best plan to work for you.
If Chapter 13 is the best plan to fit your need, we will guide you through every step of the filing process and work to handle all the issues that matter to you and your family, such as:
- Houses and cars
- Bankruptcy and divorce
- Credit card debt
- Medical bill relief
- Immigration issues
Since 2005’s changes to the bankruptcy laws, credit card and other debt companies have tried to force people into Chapter 13 debt repayment plans, even for people who would be best served by debt elimination strategies. This is where having an experienced and attentive lawyer works to your advantage.
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.