Chapter 13 Bankruptcy Lawyer, Fl

1. Bankruptcy leaves a person in a financial mess and the concerned person or debtor may be facing serious financial difficulty. Bankruptcy is a matter that requires urgent attention and filing for bankruptcy can relive the stress for not able to pay the bills and the risk of creditors attaching the hard-earned money and other financial assets of the concerned person or debtor. The debtor need not be embarrassed of filing for bankruptcy as it is designed to give the debtor a new start or lease of life. On filing for bankruptcy, the creditors would immediately stop calling or mailing the indebted person so that he or she can concentrate on getting his/her life back on rails. Persons filing for bankruptcy must know about their legal rights and remedies. The bankruptcy laws protect the consumers from financial ruin and prevent potential abuse from the creditors. The bankruptcy offers a fresh start or lease of life for the debtors or consumers to a fresh start and a second chance of managing their debts. The bankruptcy laws under Chapter 7 and Chapter 13 of the bankruptcy laws protects the interests of the consumers/debtors. Therefore, hiring a Chapter 13 bankruptcy lawyer FL for filing for bankruptcy protection under Chapter 13 is beneficial. To be continued ……… Chapter 13 Bankruptcy Lawyer, Fl

2. Chapter 13 is more advantageous than Chapter 7 as Chapter 13 may help the debtors to stop a foreclosure, cure mortgage and auto arrears, eliminate a second or third mortgage, pay back real estate and income taxes etc. Chapter 13 in some cases allows filing for bankruptcy for those people who are not eligible to file under Chapter 7 and allows them to keep certain asset that is not possible if bankruptcy filing is made under Chapter 7 of bankruptcy laws. It is better to hire Chapter 13 bankruptcy lawyer, FL who would help in completing the required documents and submitting them to the bankruptcy court on behalf of the consumers/debtors. Chapter 13 helps in reorganization of the debts over a period of three to five years and payments are made to Chapter 13 trustee during this period. At the end of the payment period, the debtor or consumer may discharge some or all of their unsecured debts. Under Chapter 13, a written plan is filed determining how the debt will be handled and examining about the mode of payments. Chapter 13 bankruptcy lawyer, FL would help in determining how to repay the secured debts such as mortgages, back real estate taxes and car payments of the concerned client debtors or consumers. Chapter 13 Bankruptcy Lawyer, Fl