Tampa Bankruptcy Law Attorney
Most people who talk to an attorney at The Golden Law Group expect to hear that Chapter 7 debt discharge is the answer to their prayers. The truth is, a restructured debt plan under Chapter 13 filing can offer more advantages, without the terrible hit on your credit report.
Chapter 13 bankruptcy can help you manage a debt burden that has become unmanageable. It can help you save your house, your car, and even strip away second and third mortgages. If you want to get rid of your debts without sacrificing assets, Chapter 13 bankruptcy may be just the debt relief solution you need. To learn more, contact a Florida bankruptcy attorney at The Golden Law Group to schedule a free consultation.
Lower Your Monthly Student Loan Payment
One of the main advantages of Chapter 13 debt reorganization is that you can include all of your consumer debt, student loans, tax arrears, medical bills and every other type of debt in the plan. Chapter 13 can save you hundreds of dollars a month in family cash flow, and thousands of dollars in penalties and interest over the normal length of the debt.
How Chapter 13 Bankruptcy Can Help You
Chapter 13 bankruptcy works by combining all of your unsecured debts and creating a manageable monthly payment plan. After you make payments for three or five years (depending upon your income level), any remaining debt will be discharged completely.
Preventing Foreclosure Through Chapter 13 Bankruptcy
Even if you have already received a foreclosure notice in the mail, Chapter 13 bankruptcy can bring the process to a halt. Through a Chapter 13 payment plan, you can catch up on arrears (back payments) while continuing to make your current mortgage payments.
The Chapter 13 Trustee
The bankruptcy trustee reviews the Plan and will either recommend that the Court approve the plan or not approve the Plan. If the Trustee recommends that the Court not approve the plan, that is not the end of the world. It just means your attorney may have to do some negotiate with the Trustee.
Attorney G. Donald Golden worked as a staff attorney at the Office of the Chapter 13 Trustee for before forming The Golden Law Group. He knows from experience what the trustee is looking for, and he knows how to create payment plans with their scrutiny in mind.
Free Consultation · Affordable Payment Plans Possible · Toll Free 888-325-7602 | 800-438-9121
At this stage, you probably have many questions. You can get answers — and a good idea of what strategy is best for you — during a free consultation with a lawyer at The Golden Law Group. Contact the firm to get a Florida Chapter 13 bankruptcy overview today. Offices are conveniently located in Brandon, Tampa and Bradenton, Florida. The firm represents clients in communities throughout Manatee County, Hillsborough County and Saratoga County, Florida.