Tampa Chapter 13 Bankruptcy Attorneys
Consolidate Debt Through Bankruptcy
Are you dealing with overwhelming debt or struggling to pay your bills? You may qualify for Chapter 13, which allows you to catch up on payments and pay off your debt. Chapter 13 is a common form of bankruptcy in which you are able to petition for a court-approved plan where you pay back a portion of your debt. This form of bankruptcy may be recommended if you could lose valuable assets in Chapter 7 or if you are facing foreclosure. At Debt Relief Legal Group, our Tampa bankruptcy attorneys can work with you to determine if Chapter 13 is right for you.
Am I Eligible for Chapter 13?
In order to qualify for Chapter 13, you will need to show that you have a regular, stable income that could be used to repay debt over a period of 2-5 years. Having enough disposable income is a requirement to finance a Chapter 13 repayment plan. You will also need to show that the amount of secured debt you have does not exceed the maximum amount. We can meet with you to go over your paperwork and determine if the amount you owe meets the requirements.
There are many factors which will be considered during the eligibility period, including:
- Social security and disability benefits
- Unemployment benefits
- Pension payments
- Job income
- Welfare payments
- Rent costs
- Alimony/child support
- Secured and unsecured debts
- Assets, physical and otherwise
Discuss Chapter 13 Bankruptcy
Our Tampa Chapter 13 bankruptcy attorneys are highly respected throughout the state of Florida for our dedication to our clients. We understand that filing for bankruptcy can seem confusing and we want to help you understand the process before you file. You can count on us to guide you and protect your best interests every step of the way.