BRANDON CHAPTER 13 ELIGIBILITY ATTORNEY
Brandon, Florida, Am I Eligible for a
Chapter 13 Bankruptcy Attorney?
Under the U.S.
Bankruptcy Code, nearly any individual is
eligible to file for Chapter 13 bankruptcy
in the U.S. Bankruptcy Court in Tampa.
requirements for filing Chapter
13 in Florida include:
- The filer must be an individual and
cannot file as a business or corporate
entity. Married couples may file as a
joint petitioner, listing all marital
income, assets and debts. All assets and
debts accrued by one or the other
spouse, during the course of the
marriage will be treated by the courts
as marital assets or liability. If you
are considering filing for divorce,
it may be to your advantage to wait
until your marital debts are divided in
your final divorce judgment, before
filing Chapter 13 bankruptcy.
- You must be able to meet the
monthly terms of the supervised debt
repayment plan. The repayment schedule
is typically from three to five years,
depending upon your income level. This
typically means showing that you have a
regular household income greater than
your reasonable living expenses.
- Your unsecured debts cannot total
more than $337,000 and secured debts
cannot exceed $1,010,000. I think these
amounts have been adjusted.
- You cannot have had any debt
discharged under Chapter
7 bankruptcy within the previous
four years of filing Chapter 13.
Under the rules of
Chapter 13 bankruptcy, you are entitled to
list all secured and unsecured debt,
loans, IRS tax
workouts and medical
bills. There are significant advantages
to a court-supervised Chapter 13 plan, which
many people overlook when they are
considering bankruptcy. Under Chapter 13,
you can get a significant amount of debt
discharged upon completion of your three or
five year debt payback plan.
Free Consultation ·
Affordable Payment Plans Possible · Call: 813-413-8700
Get the straight facts
about Chapter 13 bankruptcy. Contact a
Brandon Chapter 13 eligibility lawyer at The
Golden Law Group to schedule a free initial
consultation. Offices are conveniently
located in Brandon, Tampa and Bradenton,
Florida. The firm represents clients in
communities throughout Manatee County,
Hillsborough County and Sarasota County,