Chapter 13 Means You Need a Payment Plan
A Payment Plan to Pay Your Mortgage
A Payment Plan to Pay The IRS
A Payment Plan to Stop Repossessions
Since 1988, the Bankruptcy Law Office of John Bristol has filed more than 10,000 consumer Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Cases in Fort Lauderdale (Southern District of Florida). The Bankruptcy Law Office of John Bristol takes cases only in Fort Lauderdale and Broward County. We offer PAYMENT PLANS and give FREE CONSULTATIONS (954) 475-2265
A Chapter 13 Bankruptcy protects you from the collection efforts of creditors. The Chapter 13 Bankruptcy permits you to keep you house, car and personal property. If you are behind on your mortgage or car payment, you can work out a payment plan to re-pay the amount you are behind. The Chapter 13 Bankruptcy provides you with the opportunity to repay your debts through long term reduced payments. Under Chapter 13 Bankruptcy, you can keep your home, your car, and personal property. Your unsecured debts can be reduced or eliminated. The purpose of the bankruptcy Plan is to provide you with a manageable monthly payment to repay a portion of your debts from your present income. At the Bankruptcy Law Office of John Bristol we understand Chapter 13 Bankruptcy Cases.
The filing of the Chapter 13 Bankruptcy automatically stops all legal actions against you or your property. The automatic stay immediately stops any foreclosure or vehicle repossession against you. This automatic stay give you a period of time to formulate a plan to keep your house, car or other property. As your Attorney we will prepare a plan that will allow you to up to 60 months to repay the amount you are behind on your home, car or other secured loans. Fort Lauderdale Lawyer John Bristol, will file all of your Chapter 13 Bankruptcy paperwork and John will personally appear with you at any Court appearance..
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Describe a Chapter 13 Bankruptcy:
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Chapter 7 Bankruptcy Or Chapter 13 Bankruptcy
Bankruptcy Attorney John Bristol has filed more than 10,000 cases in the Southern District of Florida since 1988. We now concentrate our law practice on Chapter 7 Bankruptcy (liquidation) and Chapter 13 Bankruptcy (personal reorganization) cases in Fort Lauderdale and Broward County, Florida
A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under chapter 13 bankruptcy, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period "for cause." (1) If the debtor's current monthly income is greater than the applicable state median, the plan generally must be for five years. In no case may a plan provide for payments over a period longer than five years. 11 U.S.C. § 1322(d). During this time the law forbids creditors from starting or continuing collection efforts.
Chapter 13 bankruptcy offers individuals a number of advantages over liquidation under chapter 7 Bankruptcy. Perhaps most significantly, chapter 13 Bankruptcy offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 bankruptcy plan on time. Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments. It also has a special provision that protects third parties who are liable with the debtor on "consumer debts." This provision may protect co-signers. Finally, chapter 13 Bankruptcy acts like a consolidation loan under which the individual makes the plan payments to a Court representative who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection. For more information see USCourts.gov
The Law Office is on the Corner of Sunrise Boulevard and Pine Island Road
From I 95: Take Sunrise Boulevard West to Pine Island Road
From I 595: Take Pine Island Road North to Sunrise Boulevard
1776 N. Pine Island Road, #224
Plantation, Florida 33322
Tell Us How Much You Can Afford To Pay For Your Bankruptcy Case. We Will Work With You!
The Law Office of John Bristol, 1776 N. Pine Island Road, #224, Plantation, Florida 33322 is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclosure: The hiring of a lawyer is an important decision that should not be based solely on advertising. Before you decide please ask us for information concerning out qualifications and experience