Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Miami, Florida
What Is A Chapter 13 Bankruptcy?
If you have fallen behind on mortgage or car payments, Chapter 13 bankruptcy may help stop a foreclosure, allow you to keep your vehicle, and, in some cases, reduce or restructure car loan payments. Chapter 13 creates a court-approved repayment plan that can give you time to catch up on past-due amounts while protecting your assets. In certain situations, you may be able to repay only a portion of your unsecured debt while still keeping your home, car, and other property.
Chapter 13 bankruptcy may also help address issues such as unpaid parking tickets that have led to a suspended driver’s license, potentially allowing for reinstatement once the case is filed. Because Chapter 13 involves detailed financial disclosures and long-term repayment obligations, it is important to understand how the process applies to your specific situation.
Aubrey Rudd works directly with clients in Miami to evaluate Chapter 13 eligibility, explain repayment plan options, and guide each case from filing through completion. To learn whether Chapter 13 bankruptcy may be right for you, contact Aubrey Rudd Law to schedule a consultation today.
Call Aubrey Rudd Law at 305-600-5258 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, you must have a regular and stable source of income sufficient to make monthly payments under a court-approved plan. Income does not have to come from traditional employment and may include Social Security or disability benefits, unemployment income, retirement benefits, or rental income.
Certain parties are not eligible for Chapter 13 relief, including stock or commodity brokers and corporations. However, sole proprietors and self-employed individuals may qualify if their debts fall within the limits set by bankruptcy law. Chapter 13 plans typically last three to five years, and eligibility is also determined in part by a means test and overall debt structure.
Aubrey Rudd works directly with clients in Miami to review income, debts, and financial goals to help determine whether Chapter 13 bankruptcy may be a suitable option. To get started, contact Aubrey Rudd Law
to schedule a consultation and discuss your next steps.
What Happens During a Chapter 13 Proceeding?
To begin, you must establish eligibility through the required means test. If you qualify, filing for Chapter 13 bankruptcy can immediately stop foreclosures, wage garnishments, repossessions, lawsuits, and other creditor actions. Chapter 13 involves proposing a repayment plan based on your income and debts, which must be reviewed and approved by the bankruptcy court.
The court will evaluate whether the plan is proposed in good faith, whether unsecured creditors receive at least as much as they would under a Chapter 7 case, and whether your disposable income is being appropriately applied to the plan. Disposable income generally includes income remaining after reasonable living and support expenses are covered.
Because Chapter 13 involves detailed financial analysis and ongoing court oversight, it is important to understand each step of the process. Aubrey Rudd works with clients in Miami to prepare repayment plans, address court requirements, and guide cases from filing through completion. To begin the process, contact Aubrey Rudd Law today to schedule a consultation.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions About Bankruptcy?
Call Aubrey Rudd Law at 305-600-5258 to speak with an attorney about your bankruptcy concerns. You can ask questions, discuss your financial situation, and get straightforward information about your available options.
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