The Benefits of Chapter 13 Bankruptcy
Chapter 13 bankruptcy can be very useful for any debtor considering bankruptcy as a means to protect their property from collection and begin the process of working through debt. Chapter 13 bankruptcy, unlike Chapter 7 bankruptcy, allows a debtor to pay off their debts through a reasonable repayment plan. This plan, often taking three to five years, can provide substantial debt relief.
If you’re thinking about filing for bankruptcy, but aren’t sure about whether Chapter 13 or Chapter 7 bankruptcy is right for you, we can discuss the specifics with you and help you make the decision that is best for you and your family. To learn more about bankruptcy and how we may be able to help you find financial relief, contact Florida Chapter 13 bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675 today.
How Can Chapter 13 Bankruptcy Help?
Chapter 13 bankruptcy can provide some unique opportunities and protections that aren’t available in Chapter 7 bankruptcy. In addition to the standard debt relief that is an advantage provided by any form of bankruptcy, a person filing for Chapter 13 bankruptcy may be able to enjoy the following:
- Foreclosure defense and automatic stay protection
- Creditor harassment protection
- A reasonable repayment plan
- Debt discharges once the plan schedule expires
- Ability to cram down debt values for repayment
With the power of Chapter 13 bankruptcy behind them, many debtors are able to free themselves of long-standing debts and move towards a debt-free future.
Chapter 13 bankruptcy may give you new financial opportunities to work towards alleviating your debt burden and reaching debt freedom. For a free consultation regarding your full range of options, contact Florida Chapter 13 bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, today by calling (239) 237-0675.