Financial problems can hit anyone, even honest, hard-working people. A job layoff or unexpected medical problem can cause a gap in income, resulting in a build-up of debt that you cannot overcome. Even after income is restored, getting things back under control may simply not be possible on your own. If you find yourself in this situation, Chapter 13 bankruptcy may be the solution.
At the Law Offices of Michael H. Johnson, P.A., we understand what you're going through, and we want to help you get back on track. We more than 10 years of bankruptcy experience, we have helped thousands of people in South Florida obtain relief from overwhelming debt. You can rely on us to give you an honest assessment of your financial situation and present you with the options that best fit your needs.
To arrange a free initial consultation with a skilled Fort Lauderdale Chapter 13 bankruptcy lawyer, please call 954-519-4653. You can also contact our law firm online. We offer flexible payment options, and we answer phones 24 hours a day. Evening, weekend and off-site appointments are available, and our phones are answered 24 hours a day, 7 days a week.
Chapter 13 is often the best option for people who have some ability to pay back debts or for those who do not qualify for Chapter 7 bankruptcy. Chapter 13 reorganizes all of your debt into one manageable monthly payment. The amount you pay depends on your income and whether any exemptions apply to you. Once the court determines the amount, you make payments for three to five years. After that, you will be caught up on secured obligations, like your mortgage, and any remaining unsecured debt is eliminated.
In Florida, Chapter 13 bankruptcy offers several benefits beyond the restructuring of debt. Some of these benefits are:
The potential to eliminate second mortgages or home equity lines of credit
The possibility to cram-down investment properties or vehicles
Discharging or reducing some IRS debt
Retaining more of your assets
Avoiding interest and penalty fees
Stopping foreclosure actions
Stopping wage garnishments
Further, you can feel good that you are paying on your debts and not simply walking away.
Immediately after filing bankruptcy, you are protected by law. All collection actions and foreclosures must stop. To find out if bankruptcy is right for you, call 954-519-4653. You can also contact our law firm online.
We maintain offices in Fort Lauderdale and West Palm Beach. Evening, weekend and off-site appointments are available. We offer flexible payment options, and we answer phones 24 hours a day.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.