Chapter 13 Bankruptcy puts an immediate stop to foreclosure and allows you to take up to five years to pay back your missed mortgage payments and other debts. In many cases, you can wipe out some or all of your credit card debt as well.

Chapter 13 can be a good choice if you want to keep your home, cars and personal property, but you need more time and better payment terms. At its core, Chapter 13 is a payment plan. In order to qualify for Chapter 13 Bankruptcy, you must have a regular source of income, preferably in the form of a steady paycheck.

Bill Porter Law will evaluate your income and expenses and calculate a repayment plan that will meet the approval of the Chapter 13 trustee and your bankruptcy judge. Once this plan is in place, you will remain protected from all creditor action while you fund your repayment plan. Chapter 13 plans typically last five years.

Chapter 13 can be a great financial tool to help you stop creditor actions that threaten your family and your way of life. The minute you file Chapter 13, a legal protection called the “automatic stay” puts a halt to all creditor action.

An “automatic stay” forces creditors to cease the following actions:

• foreclosures
• repossessions
• wage garnishments
• harassing bill collector calls
• collection letter

The automatic stay protection remains in force until your case pays out, or otherwise closes.

Chapter 13 Costs

Filing Costs. The cost to file a Chapter 13 Bankruptcy in Orlando will be the Federal Court filing fee of $310.00 plus the mandatory credit counseling fee of $45.00 (this includes both the pre-petition and pre-discharge counseling) for a total of $326.00.

Attorney’s Fees. All attorneys’ fees for a Chapter 13 are routinely put into the repayment plan. The Chapter 13 Trustee will pay the attorney’s fees on a monthly basis along with the other creditors. Depending on your unique situation our fees may vary. It wouldn’t be fair or honest to provide pricing on this website for a chapter 13 case. Many variables need to be addresses during your free consultation.

Of course, your financial circumstances may change while you are in Chapter 13 – if you find that you can no longer afford your Chapter 13 plan payment, Bill Porter Law can either modify your plan, or we can convert your bankruptcy case to Chapter 7 and wipe out debts. Either way, Bill Porter Law will stand by you every step of the way while you are in your case.

Contact us today to arrange a free consultation