Jacksonville Chapter 13 Bankruptcy Attorney
Seek a Fresh Start with Help from The Law Offices of David C. Meltzer, PLLC
When you are facing overwhelming debt, the last thing you want to do is nothing at all. Many people mistakenly believe that bankruptcy is only for people who have made a lot of mistakes with their money. However, the fact is that even people who have simply fallen behind on their bills due to unfortunate circumstances may qualify for bankruptcy relief.
At The Law Office of David C. Meltzer, PLLC, we can help you determine if filing for bankruptcy is right for you. Chapter 13 bankruptcy is designed for individuals who have a regular income but too much debt to file for Chapter 7. If you are interested in filing for Chapter 13 bankruptcy, it is important that you speak to an experienced attorney to determine eligibility as soon as possible.
Call (904) 418-7454 today or contact us online to schedule an appointment with our Chapter 13 bankruptcy lawyer in Jacksonville. We serve clients in Nassau, Duval, St. John, Clay, Baker, Marion, Flagler, and Putnam counties.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is also known as wage earner's bankruptcy. This type of bankruptcy is designed to allow individuals to reorganize their debts under the protection of the bankruptcy court. The court will then require the debtor to make monthly payments to a bankruptcy trustee. The amount of the payment will be determined by the debtor's disposable income, which is the amount of income that is left after legally required payments are made. These payments will be used to pay off the debts over a three to five-year period.
Chapter 13 bankruptcy is ideal for individuals who:
- Want to keep their property and stop foreclosure
- Earn too much to pass the means test to qualify for Chapter 7
- Have the means to pay off tax debt, car payments, their mortgage, and other debts over time
- Need to stop creditor harassment and collection calls
- Want to stop wage garnishment
How to File for Chapter 13 Bankruptcy
The first step in filing for Chapter 13 bankruptcy is to meet with an experienced attorney to determine if you qualify based on your income and current financial situation. If you do, we will help you complete the required paperwork, including a petition and a plan of reorganization.
The bankruptcy court will then review your petition and plan to make sure that you have completed all of the required tasks. If the court approves your plan, you will be required to make the payments as outlined in your plan. If you default on any payments, the court may require you to reorganize your debts under the terms of Chapter 13 bankruptcy.
Contact Our Chapter 13 Bankruptcy Attorney in Jacksonville
Chapter 13 bankruptcy is ideal for individuals who have too much debt or earn too much monthly income to qualify for Chapter 7 bankruptcy. If you are interested in filing for Chapter 13 bankruptcy, it is important that you speak to an experienced attorney as soon as possible. At The Law Office of David C. Meltzer, PLLC, we can help you evaluate your debt and determine if filing for bankruptcy is right for you. If it is, we can guide you through the entire process, helping you toward the fresh start that you deserve.
Call our firm at (904) 418-7454. We offer free initial consultations to learn more about your situation and determine how we can help you.
