Chapter 13 bankruptcy allows individuals and some business owners to reorganize overwhelming debt. Our Titusville Chapter 13 bankruptcy lawyers can advise you of your options and help you find financial counseling, among other tasks. If you are struggling to deal with debt your income cannot realistically cover, we can help you get relief from insurmountable debt and a fresh financial start.
With guidance and direction from our Titusville bankruptcy lawyers, you can effectively navigate the bankruptcy process. We will guide you through each phase, appear with you at your meeting of creditors, and work with you to meet all of the requirements of the bankruptcy court. Find out how with a free consultation from one of our Bogin, Munns & Munns team members. Our consultations are available by phone or video call.
Why Choose Our Titusville Chapter 13 Bankruptcy Lawyers to Represent You
Filing for bankruptcy can alleviate the everyday stress and frustration of crushing debt. If you are ready to get out of debt, we can help you meet the goals of the bankruptcy court by:
- Creating a list of your creditors and their repayment demands
- Creating a detailed list of your assets, income, and exemptions
- Working with your creditors to reduce debt whenever possible
- Completing forms and schedule before filing your official petition
- Identifying any effective alternative methods of debt relief
Our firm’s familiarity with bankruptcy cases means we know how to guide you through this potentially daunting process. At each phase of your claim, our Titusville commercial law lawyers provide open, easy, fast communication and represent you with respect and dignity.
Chapter 13 Bankruptcy Has its Pros and Cons for Filers in Titusville, Florida
If you are considering Chapter 13 bankruptcy to get out of debt, you should understand the process from beginning to end, including the following advantages and potential disadvantages:
- Pros: Debt recovery, a shorter duration on your credit report, and the opportunity to get up to date on missed mortgage payments while retaining your residence.
- Cons: A longer filing process, a debt load requirement, limits your disposable income for the length of your payment plan, and the loss of your credit cards.
To make a well-informed decision, our legal team clarifies all of the above, including your specific income, debts, and repayment options. If you choose not to file under Chapter 13, we can help you identify other viable debt relief options.
Debt Relief Alternatives for Titusville Clients Facing Overwhelming Debt
While Chapter 13 bankruptcy can help you get out of debt, there could be other options that might have the same benefits. For example, our Titusville Chapter 7 bankruptcy lawyers can evaluate your eligibility for this option which can eliminate more debt and move through the bankruptcy system at a faster pace.
Additional non-bankruptcy alternatives include:
- Credit counseling
- Debt consolidation
- Debt management plan
- Debt settlement
We are committed to helping Floridians just like you every day. Explore all of your debt relief options with a no-cost, no-obligation bankruptcy evaluation with a team member today.
To consult with an experienced chapter 13 bankruptcy lawyer serving Titusville
855-780-9986
Our Titusville Chapter 13 Bankruptcy Lawyers Can Establish Your Eligibility
Chapter 13 bankruptcy is designed to meet the needs of individuals and sole proprietors who have a regular source of income but are struggling to repay their current debt. If Chapter 13 is the right filing option for you, our lawyers will help you prove your eligibility and stay by your side from initial filing to final discharge.
To establish your eligibility, we will prove you:
- Have a debt load smaller than $2.75 million
- Have at least four years of federal and state tax filings
- Will earn enough income to pay back certain debts
- Are an individual, self-employed or a sole proprietor of a business
- Have not had previous bankruptcy filings or dismissals that could make you ineligible for Chapter 13 filings
- Received the necessary credit counseling
- Have a plan to repay the necessary debts
There are a lot of nuances to bankruptcy law, and we will assess your case and let you know if you meet basic eligibility requirements or even qualify for some exceptions.
We Help You Obtain and Complete Mandatory Chapter 13 Forms and Schedules
Filing for bankruptcy involves an amazing array of paperwork, including potentially complex forms and schedules. You do not have to wade through this paperwork on your own. Our bankruptcy team will help you obtain, complete, and submit:
- Mandatory forms (per U.S. Courts) can include the voluntary petition, summary of assets and liability, list of exempt property, list of secured and unsecured debts and creditors, and many more.
- Additional forms (required on a case-by-case basis) can include eviction notification, your bankruptcy petition, disclosure of legal fees, etc.
Start pursuing financial relief and get a complete list of all the schedules your specific bankruptcy filing can require. Contact our consultation team at Bogin, Munns & Munns to get your free bankruptcy evaluation today.
What to Expect During the Chapter 13 Bankruptcy Filing in Titusville, Florida
Making the decision to file for bankruptcy is only the first step to getting out of debt. In addition to myriad forms and schedules, you will also need to work with a trustee and attend a meeting of your creditors. Both are mandatory before your debts can be discharged.
You Will Work With a Court-Appointed Trustee
Per U.S. Courts guidelines, the trustee will verify your identity, check for potential fraud, and monitor your proceedings. They also manage administrative functions, ensure compliance with relevant laws, and liquidate any nonexempt assets. The trustee also oversees the mandatory meeting of your creditors.
You Will Have to Attend the Meeting of Creditors
At this meeting, the trustee will place you under oath and ask you questions about your identity, debt, and payment plan. Any creditors who attend can also question you. After this meeting, the trustee will make its final recommendation on discharging your debt.
Titusville Chapter 13 Bankruptcy Lawyer Near Me
855-780-9986
Get Help With Your Chapter 13 Bankruptcy Case in Titusville
You do not have to suffer forever with an insurmountable debt load. Our law firm can help you understand the benefits of Chapter 13 bankruptcy and reap its debt relief benefits.
Learn more about working with our Titusville Chapter 13 bankruptcy lawyers to get a new financial start. Contact our consultation team at Bogin, Munns & Munns for your free bankruptcy evaluation.
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