If you are inundated with debt, our Orange City Chapter 13 bankruptcy attorneys can help you get much-needed financial relief. We’ll work hard to help you keep your house, car, and other assets while restructuring your debt. It costs nothing upfront to find out how our legal team can help you get out of debt.
Our Orange City bankruptcy lawyers will handle all the moving parts, documentation, meetings, and appearances that are part of the bankruptcy process. We will be by your side from the beginning of your case until the final discharge. Learn how you can create a plan to repay debt over time and gain financial relief today. Contact one of our Bogin, Munns & Munns team members today for your free bankruptcy consultation.
Our Orange City Bankruptcy Attorneys Can Help You Get Control of Your Finances
Choosing to get control of your finances with bankruptcy is a big decision. Our Orange City commercial law lawyers can help.
First, we ask potential new clients to complete our bankruptcy questionnaire, which gives us a quick look at your current income, debt load, and assets. We can then chat with you during a confidential consultation to let you know your options.
To help you make the best choice for you, we have two consultation choices:
- A no-cost, no-obligation phone or virtual consultation: During this 15-minute consultation, we’ll help you explore the bankruptcy Chapter options and choose the best one for you.
- A one-hour, in-person consultation: This option is available for a nominal fee that we will deduct from your bill if you decide to let us represent you. This involves a deeper look into your financial circumstances to help you choose the right type of bankruptcy to file.
If you hire our Orange City lawyers after your consultation, you will reap the following benefits:
- Protection from creditor harassment
- Assistance leveraging the automatic stay
- Assessment of your potential exemptions
- Help negotiating the amount of your debt
- Guidance tailored to your specific needs
- Prompt answers to all your bankruptcy questions throughout the process
When you hire our bankruptcy law firm, you get legal service and support right from the start. We will help you navigate the entire bankruptcy process and relieve the stress and anxiety you might experience by seeking debt relief alone.
We’ll Manage the Mandatory Paperwork and File Your Chapter 13 Bankruptcy Petition
Before you file your bankruptcy petition, we will help you wade through a huge amount of paperwork. Required paperwork and forms include:
- Schedule of assets and liabilities
- Schedule of current income and expenses
- Schedule of contracts and unexpired leases
- Statement of financial affairs
- Feasible debt repayment plan
- Four years of tax returns
- Proof of tax filing
- Monthly net income
- Anticipated income increases
You must also take a debtor education course and file your certificate of completion with your petition. We will help you find a U.S. Courts-approved credit counseling course that fulfills this requirement.
To consult with an experienced chapter 13 bankruptcy lawyer serving Orange City
(855) 780-9986
Our Chapter 13 Lawyers Will Clarify the Different Types of Debt for Filers in Orange City
Not all debt is treated equally in Chapter 13 bankruptcy. Per U.S. Courts guidelines, debts can fall into three categories:
- Priority debts: Tax debts, court costs, spousal and child support, and salary and commission owed to your employees (if applicable)
- Secured debts: Mortgages, car loans, apartment leases, property liens, and unpaid property taxes
- Unsecured debts: Credit card bills, medical bills, overdue utilities, and personal and family loans
How your debts are categorized will play an important role in how you repay them according to your reorganization and resulting payment plan.
How Chapter 13 Bankruptcy Can Allow You to Keep Your House and Car
You can avoid foreclosure of your home with Chapter 13. You must repay any missed mortgage payments but can do so over time. According to the repayment plan we will develop for you:
- You will have three to five years to pay the arrears on your mortgage.
- You will have the same amount of time to pay the arrears on your car.
- We can sometimes reduce your overdue payments through negotiation.
With our guidance and support, you can keep your important property. The court does require you to have enough disposable income to meet your financial obligations immediately. Our Orange City Chapter 13 bankruptcy lawyers can help you prove your income to the court’s satisfaction. Find out how by contacting our consultation team at Bogin, Munns & Munns today.
Chapter 13 Bankruptcy’s Payment Plan Can Increase Your Disposable Income
The repayment plan we will help you draft for your Chapter 13 filing will rely heavily on your disposable income to repay debt. Disposable income is assessed based on:
- The median income in Florida
- Your income minus your expenses
When you complete your repayment plan, your unsecured debt is discharged, and you are no longer responsible for repaying it, which could leave you with a higher amount of disposable income.
We Can Also Help You Benefit From a Chapter 13 Cram Down
Sometimes, your debts can exceed the value of the item that secures them. If, for example, your car note includes the car’s value plus interest, you can ask to have it “crammed down” to the car’s actual value. For example, this could reduce a $30,000 debt to a $20,000 debt.
We can help you build a strong case for a cram down for a car, furnishings, jewelry, electronics, and vacation property. The mortgage on your home—your primary residence—cannot be crammed down.
We Can Help You Get the Immediate Relief of the Automatic Stay
While you are repaying your debt, you do not want to be hounded by creditors. The automatic stay will prevent them from calling, emailing, writing, or otherwise contacting you. Creditors who violate the automatic stay can face serious consequences.
Orange City Chapter 13 Bankruptcy Lawyer Near Me
(855) 780-9986
Get a No-Cost, No-Obligation Review of Your Chapter 13 Bankruptcy Case
If debt is overwhelming you financially and making everyday life a challenge, we can help you identify debt relief options in Orange City. Our law firm will guide you through the process of filing for bankruptcy relief and getting your debt load under control.
Find out how hard an Orange City Chapter 13 bankruptcy lawyer from our team will fight for your financial freedom. Contact us at Bogin, Munns & Munns to get started with a free initial consultation today.
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