Restructure Your Debt and Save Thousands Through Chapter 13

Chapter 13 bankruptcy isn’t always the preferred way for individuals and families to get out from under their debt, but for many people, it is an excellent solution and almost always allows the consumer to pay far less to the creditors than through any other method, including credit counseling programs. Under Chapter 13, you can often eliminate some debt, such as a second mortgage and association fees and IRS taxes, while restructuring all other debt into an affordable monthly payment plan that is supervised by the courts. Often the plan will include reduced interest rates that can save you thousands of dollars over the repayment period. Many people who do not qualify for Chapter 7 bankruptcy because their income-to-debt ratio exceeds new federal requirements will find that Chapter 13 remains the best alternative among their debt relief options.

Stop Foreclosure • Keep Your Car • Free Consultation • Include Student Loans

The Florida Debt Relief Center, LLC, is ready to answer all of your questions concerning Chapter 13 bankruptcy. Call us at 954-828-2763 or contact our offices in Fort Lauderdale or West Palm Beach, Florida, by e-mail to schedule a free consultation today. We represent clients throughout South Florida. It’s only debt. Let us help you get out from under it so you can start living again.

What Is Chapter 13?

Chapter 13 bankruptcy is referred to as Adjustment of Debts of an Individual With Regular Income. It is specifically designed for an individual or family with a regular source of income and can, therefore, be required to repay some of the debt owed. Surprisingly, Chapter 13 may be a better option than Chapter 7 for many people because it allows you and your lawyer to propose a repayment plan that works for you, while keeping your house, car and all other property you wish to hold onto. Under Chapter 13, the bankruptcy court trustee oversees the plan, typically from three to five years. As long as you make payments according to the plan, creditors will not seize your property. A real benefit is that ALL debt can be included in the plan, including government-backed loans such as student loans and SBA loans.

What’s Keeping You Up at Night?

Our attorneys are ready to explain the benefits of Chapter 7 and Chapter 13 bankruptcy. If you are considering your alternatives and options for getting out of debt, you owe it to yourself to talk to us first. Contact us right away.

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