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Time to Start Over?

The frustration of facing debt without knowing what to do about it can cripple your ability to move life in a positive direction. We've guided hundreds of people to determine if a bankruptcy filing is the right option.

Which Option is for You?

  • No Bankruptcy

    No Bankruptcy

    Maybe a Better Budget is the Best Answer.

  • Chapter 7

    Chapter 7

    Quickest way to Clear your Debts

    Learn More
  • Chapter 13

    Chapter 13

    Keep Property, Structure a Payment Plan

    Learn More

Keep Property With Chapter 13 Bankruptcy

A Chapter 13 Bankruptcy is also called a wage earner's plan because it allows people with a regular income to develop a plan to repay all or part of their debts. Through this process, the debtor has between 3 and 5 years to repay their debts through installments under a court approved plan. The benefit of a Chapter 13 Bankruptcy is that the debtor can keep his or her assets through a structured repayment process that is overseen by a trustee.

Debtors must complete mandatory credit counseling education from an agency approved by the United States Trustee's Office to determine if they earn a sufficient income to repay their debts. Those seeking to file a Chapter 13 Bankruptcy must also prove that their secured and unsecured debts are below federal-established limits, that he or she has a steady income and is not a business.

After filing for bankruptcy, a debtor must complete a second, mandatory credit counseling process within 180 days of the filing. The debtor is also required to propose a repayment plan that must meet the requirements of the bankruptcy code and is fair. The plan is reviewed by the creditors and the court and, once it is accepted by the bankruptcy judge, the debtor must begin making payments as per the established prepayment plan. Ongoing compliance with the repayment plan is monitored by the trustee and court, and once the debt is repaid the case is closed. If a debtor does not make the scheduled payments, their case may be dismissed and their creditors could seek to foreclose on property or take other debt-collection steps.

If you are considering filing a Chapter 13 Bankruptcy, please call our Tampa office in Carrollwood. When you call, an attorney will be happy to discuss your situation and determine your best options.

Our Attorneys

  • Jason Imler

    Jason Imler

  • Gary Printy, Jr.

    Gary Printy, Jr.

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Get Answers in a No Charge Consultation

How can we help?

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Our Tampa Office

Address:

3411 West Fletcher Avenue, Suite A
Tampa, FL 33618

Tel: 813-434-0649

Fax: 813-423-6543

Email: garyjr@printylawfirm.com

Tampa Personal Injury Lawyer Disclaimer: The attorneys of Printy & Printy in Tampa, Florida have experience with personal injury, auto accidents, insurance disputes, medical malpractice, employment law, discrimination, and other types of injury and consumer protection lawsuits. Legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact a Tampa Personal Injury Attorney for a consultation on your particular personal injury matter. This web site is not intended to solicit clients for matters outside of the state of Florida.

Tallahassee Employment Lawyer Disclaimer: The attorneys of Printy & Printy in Tallahassee, Florida have experience with employment law, discrimination by age, race, gender, harassment, or other discrimination. Legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact a Tallahassee Employment Lawyer for a consultation on your particular employment discrimination matter. This web site is not intended to solicit clients for matters outside of the state of Florida.

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