Debt you cannot repay and that continues to grow can be financially and emotionally stressful and limit your ability to make necessary purchases. If debt is overwhelming you, our Ocala Chapter 13 bankruptcy attorneys can help you regain control of your finances. The bankruptcy process can help you reorganize and renegotiate your debt into a manageable payment plan.
At Bogin, Munns & Munns, we offer a free, no-obligation bankruptcy consultation to help you understand your debt relief options and whether Chapter 13 is right for you. Find out how hard our Ocala bankruptcy lawyers will work for you by contacting our consultation team today.
How Our Chapter 13 Bankruptcy Attorneys Can Help You Manage Debt in Ocala
Our experienced Ocala commercial law lawyers will help you forge a clear and achievable path to freedom from debt by restructuring your debt into a workable repayment plan.
Filing bankruptcy by yourself in Florida can leave you mired in paperwork, legal language, and deadlines. You do not have to tackle this potentially daunting task without legal guidance and direction. The advantages of hiring our bankruptcy attorneys include:
- Exploring non-bankruptcy debt relief alternatives
- Determining which type of bankruptcy is best for you
- Negotiating with creditors to reduce your debt load
- Support managing your case from petition to discharge
- Assistance with the mandatory forms and scheduling
- Representation at the required meeting of creditors
- Ensure all eligible debts are discharged
We’ll ensure your debts are correctly categorized—priority, secured, or unsecured—to foster feasible repayment.
Our Legal Team Will Clarify the Pros and Cons of Chapter 13 Bankruptcy
Bankruptcy does not mean you have to lose everything you have worked so hard to achieve. One of the many pros of Chapter 13 is its ability to let you keep your home and car and cover any arrears in your repayment plan. Additional advantages include:
- Realistic debt recovery over a specified period
- A softer and significantly shorter impact on your credit score
- Mandatory credit counseling, per the U.S. Courts
- The automatic stay immediately stops creditor harassment
Chapter 13 bankruptcy can be a lifeline when you need it most. However, it may also have some downsides, which can include:
- Debt is not discharged until your repayment plan is complete
- Your repayment plan can take between three and five years
- All of your disposable income is earmarked for paying debts
- You will have to give up all credit cards until debt discharge
When you are ready to get out of debt, we’ll take the time to help you understand the pros and cons of Chapter 13 bankruptcy. Our goal is to help you make the best financial decisions for your present and your future.
To consult with an experienced chapter 13 bankruptcy lawyer serving Ocala
(855) 780-9986
Our Lawyers Can Establish Your Eligibility for Chapter 13 Bankruptcy in Ocala, Florida
Chapter 13 is designated for specific debtors. To help you get the fresh financial start you need, our Ocala Chapter 13 bankruptcy lawyers will help you prove:
- You are a wage earner with a regular income.
- You are filing as an individual or married couple.
- Your debt totals $2,750,000 or less (per U.S. Courts).
- You have no bankruptcy dismissals within 180 days.
- You have completed the required credit counseling.
If you are struggling to keep up with your debt, facing foreclosure, and plagued by intrusive creditors and debt collectors, we can help you get long-term debt relief through Chapter 13 bankruptcy. Learn more about your options by completing our bankruptcy questionnaire. Contact our team at Bogin, Munns & Munns for your free initial consultation with our bankruptcy law firm.
Reasons for Choosing Chapter 13 to Get Out of Overwhelming Debt
Declaring bankruptcy can help you get, and stay, on top of debt while protecting cosigners and paying creditors over an extended time. Chapter 13 could be the right option for you if:
- You have overdue payments and want to keep your home and car.
- You have overdue utilities and want to avoid impending disconnections.
- You need protection from wage garnishment and creditor lawsuits.
Chapter 13 has limited flexibility. If, despite your best efforts, you cannot keep up with your debt repayment plan, you may qualify for a hardship discharge. This would eliminate, rather than restructure, your debt load. Specific circumstances apply.
What to Expect When You File for Chapter 13 Bankruptcy in Ocala, Florida
A primary benefit of hiring our Chapter 13 bankruptcy attorneys is our familiarity with the filing process and ability to guide you through its complex steps, including:
- Gathering the required forms and schedules
- Completing pre-filing credit counseling
- Filing your petition and paying all required fees
- Attending the obligatory meeting of creditors
- Implementing and sticking to your repayment plan
- Staying current on spousal and child support
- Completing post-bankruptcy credit counseling
After completing these steps, a judge will discharge your remaining debts. You can then start reaping the benefits of a bright financial future.
What to Expect After the Court Discharges Your Debts
Filing for bankruptcy can have many benefits now (e.g., the automatic stay) and in the future (e.g., debt relief). Once the bankruptcy court issues a discharge, you can expect:
- An increase in your disposable income
- The chance to improve your credit score
- Less everyday stress and frustration
The required credit counseling of bankruptcy can help you make sound financial decisions going forward. It can also help you create and stick to a budget that can reign in spending and keep your budget focused and on track.
Ocala Chapter 13 Bankruptcy Lawyer Near Me
(855) 780-9986
Pursue Chapter 13 Bankruptcy Protection With Legal Support
If your debt is out of control and disproportionate to your current income, we can help you create a workable debt repayment plan. An Ocala Chapter 13 bankruptcy lawyer from our team will assess your eligibility and help you file a complete and accurate bankruptcy petition.
Find out how hard our legal professionals will go to work for you. Contact our consultation team at Bogin, Munns & Munns to explore your financial relief options today.
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