Chapter 13 bankruptcy is essentially a court supervised payment plan whereby you pay your unsecured creditors what you can afford to pay based upon your family income and your reasonable family expenses.  

Chapter 13 has certain advantages over a Chapter 7 bankruptcy.  For example, Chapter 13 bankruptcy may allow you to modify or eliminate some secured debts.  Specifically, Chapter 13 will stop a foreclosure so that you can catch up past due mortgage payments or apply for a loan modification through the bankruptcy court's mortgage modification mediation program.  Second and third mortgage loans may also be eliminated through a successful Chapter 13 depending on the value of your home in a process called lien stripping.  In addition, a Chapter 13 can stop your car from being repossessed.

Call me at (813) 286-9555 or contact me online today to schedule a free, private and confidential consultation.

Alternatives to Chapter 13

Chapter 7 Bankruptcy Filing

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100 S Ashley Dr. Ste 1750
Tampa, FL 33602
Phone: (813) 286-9555