Chapter 13 Bankruptcy in Florida
Proudly Serving Florida Residents for 20+ Years - (352) 379-2828
Chapter 13 bankruptcy allows you to escape an oppressive financial situation
by giving you the opportunity to reorganize your debts without losing
your property to your creditors. In this process, you can arrange a new
repayment schedule that is manageable for you — usually allowing
you to secure financial stability in a matter of three or five years.
- Why Choose My Chapter 13 Bankruptcy Firm?
- I offer flat fees and payment plans
- My firm has decades of experience
- I am backed by dozens of 5-star client reviews
- Free consultation to review your options
This form of bankruptcy will allow you to keep your home and assets and
provide you with the added time you need to catch up on your loan payments,
while potentially allowing you to reduce or even totally eliminate some
of your debt. It is a complex process, however, one that I have the experience
and dedication to guide you through. Please don't hesitate to find
out how I can help you reach your fresh start.
Call (352) 379-2828 for your FREE consult with Barbara Cusumano, Attorney at Law!
Am I Eligible for Chapter 13 Bankruptcy?
Even if you didn't pass the means test to qualify for
Chapter 7 bankruptcy because of too much disposable income, it is likely you will
still be eligible to file under Chapter 13. There are only a few limitations.
You may not be eligible for Chapter 13 bankruptcy if:
You are a business. Only individuals and couples who file jointly are eligible for Chapter
13 bankruptcy. Companies can file for business bankruptcy under Chapter 11.
You filed for Chapter 7 bankruptcy within the last 4 years. You will be ineligible for Chapter 13 bankruptcy if you recently filed
under Chapter 7.
You filed for Chapter 13 bankruptcy within the last 2 years. You cannot file Chapter 13 bankruptcy twice within a 2-year time period.
Your unsecured debt exceeds $336,900. Unsecured debt includes debts that do not involve physical security or
collateral — such as medical bills, garnishments, and credit card
debt. You may be eligible for Chapter 7 bankruptcy if your unsecured debt
exceeds this amount.
Your secured debt exceeds $1,010,650. Secured debts include mortgages and car loans. In a secured debt, your
creditor could take the security property if you are unable to pay your
loan back. If your secured debt is in excess of this amount, you may be
eligible to discharge your debt in a Chapter 7 bankruptcy.
You have not paid your income taxes. If you did not pay your taxes within the last 4 years, you will not be
eligible to file Chapter 13.
Your income isn't high enough to pay back some loans. If your income is too low, you will not be able to file reorganization
bankruptcy, but may be eligible to discharge your debts by filing under
Travel the Road to Financial Freedom with Professional Help
There are a few other restrictions on who may and who may not file for
Chapter 13 bankruptcy. As a Gainesville bankruptcy attorney with 20+ years
of experience, I understand the U.S. Bankruptcy Code and have helped thousands
of my clients discover the debt relief option that is right for them.
For many people, reorganization bankruptcy is a viable option that allows
them to get back on their feet after financial hardship.
If you have questions, don't hesitate to
call my Florida bankruptcy law firm today to set up an appointment for a free and confidential consultation
with me at my Gainesville or Lake City offices.