{"id":440,"date":"2022-12-08T13:09:36","date_gmt":"2022-12-08T13:09:36","guid":{"rendered":"https:\/\/www.brandonlawyer.com\/?page_id=440"},"modified":"2022-12-12T11:12:25","modified_gmt":"2022-12-12T11:12:25","slug":"advantages-of-chapter-13","status":"publish","type":"page","link":"https:\/\/www.brandonlawyer.com\/debt-solutions\/bankruptcy\/advantages-of-chapter-13","title":{"rendered":"Advantages of Chapter 13"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"440\" class=\"elementor elementor-440\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be10f16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be10f16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a1a3493\" data-id=\"a1a3493\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df4b3b0 elementor-widget elementor-widget-text-editor\" data-id=\"df4b3b0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h1>Advantages of Chapter 13 Bankruptcy in Brandon, FL<\/h1><h2>What Can Chapter 13 Bankruptcy Do For You?<\/h2><p><strong>Chapter 13 bankruptcy offers people in debt a way to see themselves clear of an impossible burden, without the problems that may be associated with filing for immediate debt discharge under Chapter 7.<\/strong><\/p><p>When you\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/tampa-bankruptcy\/chapter-13-bankruptcy\/\">file for Chapter 13 in Tampa<\/a>, you will be working with your attorney to develop a realistic goal to incorporate all of your debt into one repayment plan, to be supervised by a trustee of the U.S. bankruptcy court. Typically, your payment plan can extend from three to five years, depending upon your income level. Upon successful completion of the plan, all remaining unpaid debt, will be discharged.<\/p><p>Like\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/bankruptcy\/chapter-7-bankruptcy\/\">Chapter 7 bankruptcy<\/a>, you get immediate protection from your creditors. But there are additional advantages. If your house is going into\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/foreclosure-defense\/home-in-foreclosure\/\">foreclosure<\/a>, or your car into\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/foreclosure-defense\/home-in-foreclosure\/\">repossession<\/a>, the Chapter 13 process puts an\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/debt-collection\/automatic-stay\/\">automatic stay<\/a>\u00a0on all collections,\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/\">garnishments<\/a>, liens and other recovery actions by your creditors. You can even strip off any second or third mortgage you added to your original mortgage and include it in your court-supervised plan. Chapter 7 won&#8217;t allow you to do that. It is a great way to keep your house and car, while reducing your total monthly bill payment and saving thousands of dollars over the course of the original loan terms.<\/p><p>If high monthly\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/student-loans\/\">student loan<\/a>\u00a0payments are causing your debt problems, Chapter 13 is an excellent option to help you temporarily reduce your monthly payment. You can include your student loans and other government-backed debt, including tax arrears, into your plan. In fact, repaying your tax arrears through Chapter 13 is better than a voluntary repayment plan. Penalties and interest on the arrears stops accruing. Interest on student loans continues to accrue during the length of the plan.<\/p><p>When you file for Chapter 13, your\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/debt-collection\/credit-reporting\/\">credit report<\/a>\u00a0won&#8217;t take the hard hit that a Chapter 7 will cause. Creditors know that you are meeting your obligations and you have the cash flow to pay them back. Yes, your credit rating will take a hit. It is still\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/\">bankruptcy<\/a>, after all, but you can improve your rating quickly by following some simple steps. Many people secure a car loan within a year of filing.<\/p><p>Offices are conveniently located in Brandon and\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/tampa-bankruptcy\/\">Tampa<\/a>, Florida. The firm represents clients in communities throughout Manatee County, Hillsborough County and\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/debt-solutions\/bankruptcy\/\">Sarasota<\/a>\u00a0County, Florida.<\/p><p><strong>Learn more about the advantages of Chapter 13 bankruptcy by talking to an experienced Florida bankruptcy lawyer at The Golden Law Group.\u00a0<a href=\"https:\/\/www.brandonlawyer.com\/contact-us\/\">Contact<\/a>\u00a0the firm to schedule a free consultation.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Advantages of Chapter 13 Bankruptcy in Brandon, FL What Can Chapter 13 Bankruptcy Do For You? Chapter 13 bankruptcy offers people in debt a way to see themselves clear of an impossible burden, without the problems that may be associated with filing for immediate debt discharge under Chapter 7. When you\u00a0file for Chapter 13 in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":103,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/440"}],"collection":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/comments?post=440"}],"version-history":[{"count":5,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/440\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/440\/revisions\/1268"}],"up":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/103"}],"wp:attachment":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/media?parent=440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}