PORT ST LUCIE BANKRUPTCY ATTORNEY| BANKRUPTCY LAW FIRM
Times are tough and plenty of hard working honest people find themselves unable to pay their bills. We suggest a free consultation with an experienced Port St Lucie bankruptcy attorney. It costs nothing for the initial consultation so you have nothing to lose by speaking with one of our lawyers. A law firm that works only with bankruptcy will have the experience you are looking for. There is nothing to be embarrassed about, this is happening more than you think. Others are getting the relief they need from the courts and you owe it to yourself to see how the laws are setup to help you. Everyone tries their best to be able to pay their bills but sometimes bad things happen to good people. The Martin County legal system is here to help you. |
| Chapter 13 Bankruptcy |
| Get a free initial consultation with an experienced Port St Lucie bankruptcy attorney and learn what your rights are in the state of Florida.
In the video's below Florida bankruptcy attorney Brian Cohen explains how chapter 13 bankruptcy works. The Chapter 13 plan is a written explanation to the court outlining how the debtor intends to resolve the current financial problems they are facing. The plan will outline a plan for paying priority and secured creditors in full or in accordance with the original contract terms. As long as the debtor makes all payments in accordance with the confirmed plan approved by the court, then he can remain under the protection of the bankruptcy court. The monthly plan payment is made directly to the Chapter 13 trustee, who disburses the money to creditors in accordance with the confirmed plan. Any chapter 13 plan that suggests paying off anything less than 100% to unsecured creditors must be a minimum of 36 months. Any plan that offers to pay unsecured creditors in full can be as short as the debtor wants. The maximum plan length is 60 months. The shorter the plan period, the larger the monthly payments. The longer the plan period, the smaller the monthly payments. The ideal plan length is the shortest plan with the monthly payment the debtor is absolutely certain he can afford. Don’t bite off more than you can chew! When you face overwhelming debt, filing Chapter 7 or Chapter 13 bankruptcy may give you relief from debt and a fresh start. Many life situations can lead to financial crisis:
When you are facing threats of wage garnishment, tax liens and levies, foreclosure or repossession, we may be able to use the bankruptcy laws to help you. Get a free initial consultation with an experienced Port St Lucie bankruptcy attorney and learn what your rights are in the state of Florida.
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