Chapter 13 Lawyers Focused On Debt Reduction

Do you have a good income, but find yourself struggling to keep on top of tax payments, child support or alimony? Are you currently underwater on your mortgage or struggling to make payments on a second mortgage? Chapter 13 bankruptcy may be able to provide you with the relief and protection you need.

In Fort Lauderdale, you can rely on our attorneys at Nowack & Olson to fight for your rights. We have been handling consumer bankruptcy matters in Florida for more than 15 years and look forward to helping you put an end to creditor harassment and the other stresses that accompany debt.

Why Chapter 13 For Debt Reorganization?

For some, choosing Chapter 13 is simply a matter of means. For those who have too much income to qualify for Chapter 7, Chapter 13 is the best available option for resolving outstanding debts and securing an opportunity to start fresh.

There are a number of advantages to choosing Chapter 13 such as the ability to reduce the amount owed on a secured loan for a house or a vehicle. This can result in more manageable monthly payments that can allow you to keep the asset.

How Does Chapter 13 Work?

Filing for Chapter 13 bankruptcy results in the creation of a three- to five-year debt repayment plan that will allow you to stabilize your financial situation, eliminate debt, and keep assets such as homes and cars. It is often the best option for people who are behind on a mortgage, but wish to avoid foreclosure and remain in the home.

Chapter 13 has a few things in common with Chapter 7. Perhaps most importantly, filing for either form of bankruptcy will put a stop to calls from collections agencies and bar attempts to garnish your wages. Each also provides options for discharging unsecured debt such as credit card debt.

Is Chapter 13 Right For You? We Can Provide You With The Answer.

As your lawyer, we will make sure you understand all of the pros and cons of filing Chapter 13. Our goal is to provide you with all of the information you need to make an informed decision that is right for you and your family.

The road to a more stable financial future can begin today. Contact us for a free, 60-minute consultation. Se habla español.