Chapter 13 Bankruptcy

South Florida Chapter 13 Bankruptcy Lawyer

Have you fallen behind on your mortgage or car payments? Or possibly you don't qualify for a chapter 7 bankruptcy? From home mortgages to car loans, and even tax debt, we can help you get the relief you need. At the law offices of attorney Michelle Armstrong, P.A., we will help you determine whether a chapter 13 bankruptcy is right for you.

Contact the law offices of Michelle Armstrong, P.A. today, to secure a debt free tomorrow. 954-282-6090

Sometimes called "debt adjustment" or “debt reorganization,” Chapter 13 bankruptcy requires that you file a payment plan with the bankruptcy court to pay all or a portion of your debt over a period of 3 to 5 years. Chapter 13 bankruptcy will allow you to keep valuable property which might be lost in a Chapter 7, as long as you are able to make the plan payments as required.

Who, when, and what do I pay?

Your chapter 13 repayment plan will be based on the funds you have remaining at the end of every month, after you pay all of your living expenses. If you do have sufficient funds available, called disposable income, then the bankruptcy law provides, in essence, that it would not be fair for you not to pay some portion of your disposable income to your creditors.

The payments you make are based on this disposable or leftover income. Payments are made to the chapter 13 trustee, who then distributes the funds to your creditors. Once you have completed all the payments as provided in your chapter 13 plan, you will be discharged of all remaining debts.

Rebuild Your Credit

If you are considering the possibility of filing for bankruptcy, you owe people money, which means you probably don't have very good credit. By filing for chapter 13 bankruptcy and entering into a payment plan, you can actually start to rebuild your credit. When you have reached the end of your plan, all your debts will be discharged and your credit will be stronger than it has been in years. Even with a chapter 7, you will exit bankruptcy without any debt and can begin rebuilding your credit immediately.

Contact Us

The new bankruptcy law has made it more complicated to file a bankruptcy case. The law is being interpreted every day by the bankruptcy courts nationwide. Luckily, Coral Springs attorney Michelle Armstrong keeps close watch on every new court decision so that she understands how the rulings may affect your case. Contact the Coral Springs, Florida law offices of Michelle Armstrong, P.A. today for a free initial consultation.

We are a federally designated Debt Relief Agency under the United States bankruptcy laws. We help people find solutions to their debt problems, including, where appropriate, assisting them with filing for bankruptcy relief under the United States Bankruptcy Code.