Chapter 13 Explained
Chapter 13 bankruptcy may be better suited to provide the protection and debt relief you need. If you have more property you want to protect, secured debt and some regular income, then Chapter 13 bankruptcy may allow you to save your home if you are facing foreclosure and may be able to eliminate unsecured debt such as credit card debt.
It can be an effective way to reestablish financial stability. If you’ve been knocked off balance by a crisis, but have regular income with which to make monthly payments, Chapter 13 bankruptcy can provide a powerful safety net.
Chapter 13 bankruptcy combines the automatic stay feature with a debt restructuring plan and a 3-5 year payment plan for catching up on payments. These features, and extended property protection, make it an attractive option for people seeking to avoid repossession or stop foreclosure.
Chapter 13 bankruptcy is generally used by debtors who want to keep secured assets, such as a home or car, when they have more equity in the secured assets than they can protect with their Florida bankruptcy exemptions.
Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation.
Please contact me to explore your Chapter 13 options.
Find out how much time you have if you are presently being sued by creditors, which laws pertain to you and what the next steps should be. I’ll help you every step of the way.
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Jan did an exceptional job handling my bankruptcy! I can’t stress enough how wonderful it is these days to work with an attorney that answers your calls and keeps their promises! Jan really set my mind at ease and I highly recommend you call this hard working team!”Leslie T.
“Jan was recommended to us by a friend and she immediately eased our concerns and outlined the Bankruptcy process for us in terms easy to understand. We are very grateful and highly recommend her services.”Bob R.
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“Jan Mclaughlin is an excellent attorney! She takes the time and explains everything in detail to you. Her staff have excellent customer service skills. If you are looking for a Bankruptcy attorney I highly recommend you call Jan for help”.Robert P.
© 2017 McLaughlin Law Offices
P.A. Attorney Jan McLaughlin
283 Cranes Roost Blvd, Altamonte Springs, FL 32701
Call: (407) 515-1313
FL Bar Number: 925860
The focus of my firm is Chapter 7 and Chapter 13 Bankruptcy only. I represent clients in the Orlando and surrounding areas and welcome the opportunity to help you. I understand the fear and anxiety that engulfs clients facing these issues and treat everyone with dignity and care while providing experienced legal representation ~ Please call today for a no obligation review of your current situation. ~ Jan Mclaughlin, Bankruptcy Attorney