Choosing bankruptcy is a viable option for getting out of overwhelming debt. However, filing for bankruptcy is a complicated legal process. If you are a working individual, self-employed, or a sole proprietor, our Orlando Chapter 13 bankruptcy attorneys can guide you through the filing process.
At no cost or obligation, a Bogin, Munns & Munns team member will review your financial circumstances and your current debt load. We will describe your actions and the steps we can take to help you get relief from insurmountable debt. Contact our consultation team today to learn more about getting out of debt with guidance from our Orlando bankruptcy lawyers.
Our Chapter 13 Bankruptcy Attorneys Can Help You Get Out of Debt in Orlando
Our Orlando commercial law lawyers and staff are dedicated to helping clients from all walks of life take control of overwhelming debt and get a fresh financial start. You do not have to manage the details of filing for bankruptcy alone.
You could attempt to manage all the moving parts, paperwork, and meetings involved in filing for bankruptcy alone. However, the U.S. Courts strongly recommend hiring an attorney to guide you through this complicated process. We’ll do everything possible to make the bankruptcy process easy for you.
To support your bankruptcy filing in Orlando, we will:
- Walk you through the entire bankruptcy process step by step
- Evaluate all your debts, including credit card bills, medical bills, personal loans, etc.
- Prevent creditor harassment with the automatic stay
- Complete and file all forms and schedules
- Limit costly and frustrating errors and typos
- Carefully evaluate your eligible exemptions
- Negotiate a settlement with your creditors
- Assist you in creating a feasible repayment plan
We Also Support Clients Who Migrate From Chapter 7 to Chapter 13 Bankruptcy
People sometimes file under Chapter 13 bankruptcy when they cannot pass the means test required to file under Chapter 7. If this is the case, we will help you understand the difference between these two types of bankruptcy and the benefits you can expect under Chapter 13.
The main differences include:
- The need to repay some debt
- Reorganizing versus eliminating debt
- Income guidelines
- The length of time before discharge
We will also clarify the role of the trustee in your Chapter 13 bankruptcy case and how they will handle your non-exempt property (if any). Our legal team will be by your side at each phase of your case, providing updates along the way.
To consult with an experienced lawyer serving Orlando
(855) 780-9986
What You Need to Know About Chapter 13 Bankruptcy and Who Is Eligible
Chapter 13 bankruptcy is a debt relief/repayment option for people who are in debt they are struggling to overcome, but who still have a steady income exceeding the threshold of Chapter 7 bankruptcy’s means test.
Our experienced bankruptcy attorneys will assess your options and guide you toward the most effective choice.
How to Qualify for Chapter 13 Bankruptcy in Orlando
When you choose bankruptcy to manage your finances and debt load, you must meet the following criteria:
- You are an individual, self-employed, or sole proprietor filer
- You have regular income and total debt of less than $2.75 million
- Cosigners would otherwise be responsible for your debt
- You are struggling to pay your mortgage but want to keep your home
- You would prefer to have an advocate deal with your creditors
- You need time to restructure and repay your debts
Our bankruptcy law firm will listen to your version of events to understand how you accumulated your debt and how we can help make it more manageable. We will also assess the pros and cons of declaring Chapter 13 bankruptcy and its effect on your life and business.
Our Bankruptcy Lawyers Might Be Able to Identify Non-Bankruptcy Options
Bankruptcy is a viable option for many, but not all. If your circumstances dictate another way to get your debt load under control, we can help you identify it. Possible options include:
- Credit counseling: Required before filing bankruptcy, per U.S. Courts, and could result in a workable plan
- Debt consolidation: Merges high-interest debt into a single, fixed monthly payment
- Debt management plan: Created by a debt counselor to manage debt repayment
- Debt negotiation: Negotiating a lower settlement amount or smaller payments with your creditors
If one of these options would let you get your debt under control, we can help you implement it. If, after a careful assessment of your situation, Chapter 13 is the best available option, we will help you file it.
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How Debts are Discharged in Chapter 13 Bankruptcy Cases in Orlando
Under Chapter 13, your debts can be discharged after you have completed your repayment plan. Debts are discharged if:
- You have met all support obligations
- You have not received another recent discharge
- You have completed the required credit counseling
Our Orlando Chapter 13 bankruptcy lawyers can provide proof of your compliance with all the requirements of your petition. Certain types of debt cannot be discharged via bankruptcy. These typically include:
- Home mortgage
- Spousal support
- Child support
- Some tax debt
- Some student loans
- Government benefit overpayments
- Some personal injury debts
- Criminal fines and restitution
Learn how your debt can be reorganized and how you can stay on top of non-dischargeable debts. Contact one of our team members at Bogin, Munns & Munns for a free consultation.
Chapter 13 Offers a Hardship Discharge
If you cannot complete your agreed-upon debt repayment plan before discharge, you could qualify for a hardship discharge. It is typically only available if:
- You cannot pay off your debt for reasons beyond your control.
- Creditors have received the minimum repayment of Chapter 7.
- Your repayment plan cannot withstand a plan modification.
If your post-bankruptcy financial circumstances change significantly and you can no longer stick to your payment plan, we can help you apply for a hardship discharge.
Get a Free Review of Your Chapter 13 Bankruptcy Filing
If you are looking for a viable option to address excessive debt, our law office can help you understand the benefits of Chapter 13 bankruptcy. We will be by your side each step of the way and help you make the most of the post-bankruptcy experience.
Find out how hard an Orlando Chapter 13 bankruptcy lawyer from our team will fight for your financial freedom. Contact Bogin, Munns & Munns for a free initial consultation. We can meet with you virtually or by phone.
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