Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorneys In Tampa, Florida
What Is A Chapter 13 Bankruptcy?
If you’ve fallen behind on your home or car payments, Chapter 13 bankruptcy can help stop foreclosure, protect your vehicle, and in some cases, reduce your car payments. Depending on your situation, you might qualify for a repayment plan where you pay only a portion of your debts while keeping ownership of your important assets, including your home and car. Even if you owe for past parking tickets and have lost your driver’s license because of it, Chapter 13 may help you get your license reinstated.
To make the most of what Chapter 13 can offer, it’s important to have a knowledgeable attorney guiding you through the process. The team at Buenaventura Koss, PLLC has a strong history of assisting clients in Tampa with Chapter 13 bankruptcy and helping them work toward a fresh financial start. Contact us today to schedule a consultation and learn how we can support you.
Call Buenaventura Koss, PLLC at 813-519-5100 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, you need a steady and reliable source of income—enough to make regular payments as determined by the court. Your income doesn’t have to come from a traditional job; Social Security, disability benefits, unemployment, retirement income, or rental earnings may also qualify. However, stock or commodity brokers and corporations are not eligible for Chapter 13. Sole proprietors and self-employed individuals can qualify if their debts meet certain limits.
If your debts extend beyond three to five years, you may be eligible, provided you also pass a means test to confirm your qualification. The team at Buenaventura Koss, PLLC can review your situation carefully before you file and help you understand if Chapter 13 is the right option for you. To get started,
contact our Tampa office today.
What Happens During a Chapter 13 Proceeding?
First, you’ll need to demonstrate your eligibility by passing the means test mentioned earlier. Once you file for Chapter 13 bankruptcy, it can immediately stop foreclosure, wage garnishments, repossessions, lawsuits, and other creditor actions. While we’ll assist you in putting together a repayment plan, it must be approved by the court. The court will review whether the plan was proposed in good faith, that unsecured creditors will receive at least as much as they would in a Chapter 7 case, and that your payments make the most of your disposable income—meaning the income left after necessary living expenses.
The process can be complicated, but having an experienced bankruptcy attorney from Buenaventura Koss, PLLC guiding you can help you move forward with confidence. To begin, contact our Tampa office today.
Aviso Legal: Somos una agencia de alivio de deudas. Somos abogados que ayudamos a las personas a declararse en bancarrota bajo el código de bancarrota.
Have Questions About Bankruptcy?
Call Buenaventura Koss, PLLC at 813-519-5100 to speak with an attorney. We’ll answer your questions, explain your options, and help you
take the first step toward financial relief.