Deerfield Beach Chapter 13 Bankruptcy Lawyer

Deerfield Beach Chapter 13 Bankruptcy Lawyer
Deerfield Beach chapter 13 bankruptcy lawyer

In Deerfield Beach, financial struggles can feel like a heavy weight that's hard to lift. But we have a solution that might work for you: … Chapter 13 bankruptcy.

At Fleysher Law, our experienced bankruptcy attorneys are here to guide you through this option, designed to help individuals reorganize their debt. Our goal is to provide you with a fresh start, helping you manage your debts in a way that fits your financial situation.

Our Deerfield Beach Chapter 13 bankruptcy lawyer understands the complexities of bankruptcy law. With a deep knowledge of navigating these challenging waters, we're committed to making the process as clear and straightforward as possible.

Whether you're facing foreclosure defense, overwhelming credit card debt, or just looking to restructure your finances, we're here to help. A free consultation with our team can set you on the path to financial recovery.

Comprehensive Guide From Our Deerfield Beach Chapter 13 Bankruptcy Lawyer

Comprehensive guide from our Deerfield Beach chapter 13 bankruptcy lawyer

Navigating the Chapter 13 bankruptcy process requires careful planning and understanding. Our Deerfield Beach bankruptcy attorney is here to offer a comprehensive guide through each step. From filing for bankruptcy to creating a manageable repayment plan, we ensure you have all the necessary information. Our approach is personalized, recognizing that every financial situation is unique.

Chapter 13 bankruptcy is a path to regain control over your finances without losing your assets. It's a solution that allows you to consolidate your debts into a single monthly payment. Our law firm focuses on providing the support and advice you need to make informed decisions about your debt settlement. Let us help you find the path to financial stability.

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, often called the wage earner's plan, lets individuals with regular income craft a plan to repay all or part of their debts.

Under this plan, you propose a repayment plan to pay down your debt over three to five years. This type of bankruptcy is ideal for those looking to avoid foreclosure or repossession, offering a way to catch up on missed payments while staying current with ongoing obligations.

Unlike other forms of bankruptcy, Chapter 13 focuses on debt reorganization rather than liquidation. This means you can keep your property while working on your debt settlement. It's a powerful tool for those in Deerfield Beach looking to overcome financial hurdles without starting from scratch.

Our Deerfield Beach bankruptcy lawyer is ready to assist you in understanding and utilizing this option effectively.

How Chapter 13 Differs from Chapter 7 Bankruptcy

  • Property Retention. In Chapter 13, you keep all your property and make payments over time, while Chapter 7 may require liquidating assets to pay debts.
  • Repayment plan. Chapter 13 involves a structured repayment plan, unlike Chapter 7, which discharges eligible debts without a payment plan.
  • Income requirements. Chapter 13 is available to those with regular income, whereas Chapter 7 is often for those without the means to pay back debts.
  • Debt limits. Chapter 13 has debt limits; Chapter 7 does not.
  • Duration. Chapter 13 cases typically last 3-5 years, whereas Chapter 7 is usually completed within a few months.
  • Impact on credit. Both affect your credit, but Chapter 13 may favorably be viewed since it involves repaying debts.
  • Eligibility for filing. If you previously filed for bankruptcy, the waiting periods before you can file again differ between Chapter 7 and Chapter 13.

Filing for Chapter 13: The Steps

Filing for chapter 13: the steps
  1. Consultation. Begin with a free meeting at our Deerfield Beach bankruptcy law firm to discuss your financial situation and explore Chapter 13 as an option.
  2. Credit counseling. You have 180 days to finish a credit counseling class before you file for bankruptcy protection.
  3. Filing the petition. Our bankruptcy attorney files a petition for bankruptcy on your behalf in the local bankruptcy court.
  4. Submitting documentation. Submit detailed documentation of your finances, including assets, debts, income, and expenditures.
  5. Repayment Plan Proposal. For court approval, propose a repayment plan detailing how to repay your debts over time.
  6. 341 meeting. Attend the 341 or creditors' meeting, where creditors can ask questions about your finances. They will make sure you have a solid repayment plan.
  7. Confirmation hearing. Attend a hearing where the court decides whether to approve your repayment plan.

Creating a Repayment Plan: What You Need to Know

Creating a viable repayment plan is crucial in Chapter 13 bankruptcy. Considering your income and living expenses, this plan outlines how to repay your debts. It's designed to be realistic, allowing you to maintain a basic standard of living while fulfilling your debt obligations. Our Deerfield Beach bankruptcy attorneys work with you to develop a plan that fits your financial situation and meets court approval.

The repayment plan's duration depends on your income level relative to the state median. You'll likely propose a five-year plan if your income is above the median. For income below the median, a three-year plan may suffice. We ensure your plan is structured effectively, maximizing the chance of court approval and successful debt settlement.

Benefits of Choosing Chapter 13 Bankruptcy

Benefits of choosing chapter 13 bankruptcy
  • Avoid Foreclosure. Chapter 13 can stop foreclosure proceedings. This lets you catch up on missed mortgage payments over time.
  • Debt Consolidation. You only have to worry about one monthly payment instead of many.
  • Protection from creditors. Once you file, creditors must cease all collection efforts, including calls, letters, and lawsuits.
  • Flexible payment terms. Repayment plans depend on your ability to pay, not the creditor's demands.
  • Discharge of remaining unsecured debts. After completing the repayment plan, most remaining unsecured debts are discharged.
  • There is no direct asset liquidation. Unlike Chapter 7, you don't have to sell your assets to pay off debt.
  • Opportunity to repay non-dischargeable debts. Chapter 13 allows you to repay debts that can't be discharged in other bankruptcy chapters, like certain taxes and alimony.

How To Restructure Debts into Manageable Payments

Restructuring your debts under Chapter 13 involves creating a repayment plan that consolidates your debts into a single monthly payment. This plan considers your income, living expenses, and debt obligations, aiming to make debt repayment feasible without sacrificing your basic needs.

Our Deerfield Beach bankruptcy lawyer ensures your plan is realistic and compliant with bankruptcy laws, giving you the best chance at financial recovery.

In crafting your repayment plan, we prioritize essential expenses like housing, food, and healthcare, ensuring you maintain a decent quality of life. We then allocate the remaining income towards your debts, focusing on secured debts and priority unsecured debts. Our approach aims to balance your needs with the requirements of the bankruptcy court, setting you on a path to debt relief.

Qualifying for Chapter 13 Bankruptcy

Qualifying for chapter 13 bankruptcy

Eligibility criteria for Chapter 13 include having a regular source of income sufficient to cover your monthly debt payments under the plan. Additionally, your total debt must not exceed the limits of bankruptcy law. Our Deerfield Beach bankruptcy attorneys assess your financial situation to determine if Chapter 13 is viable for you.

Understanding your eligibility is the first step in the process. Our team reviews your financial documents, including income, debts, and expenses, to ensure you meet the Chapter 13 requirements. If you're facing financial challenges but are unsure if you qualify, our free consultation can provide the answers you need.

The Role of a Chapter 13 Bankruptcy Lawyer in Deerfield Beach

A Chapter 13 bankruptcy lawyer helps you navigate the complex bankruptcy process. Our attorneys provide expertise and support every step of the way. We handle the legal paperwork, represent you in court, and communicate with creditors on your behalf. We aim to make the bankruptcy process as stress-free as possible for you.

Our Deerfield Beach bankruptcy law firm is committed to providing personalized service. We understand that each client's situation is unique, so we tailor our legal strategies to meet your specific needs.

Whether you're struggling with credit cards, worried about foreclosure, or simply seeking a better way to manage your finances, we're here to help.

We Help You Craft Personalized Legal Strategies for Debt Relief

At Fleysher Law, we believe in crafting personalized legal strategies for each client. Our approach considers your unique financial situation, goals, and challenges. We offer solutions beyond just filing for bankruptcy, including debt settlement and foreclosure defense. Our comprehensive services are designed to provide lasting debt relief and a path to financial stability.

Our team works with you to understand your financial picture and develop a plan addressing your needs. Whether it's through Chapter 13 bankruptcy or another form of debt relief, we're dedicated to finding the best solution for you. We aim to help you achieve financial freedom, allowing you to move forward.

A Guide To Rebuilding Your Credit

Rebuilding your credit after bankruptcy helps you rebuild your financial health. Our Deerfield Beach bankruptcy attorney guides you through improving your credit score. From securing a secured credit card to consistently making on-time payments, we offer tips and strategies to help you rebuild your credit.

The process takes time and patience, but it's possible. Following a structured plan and adopting responsible financial behaviors can gradually increase your credit score. Our law firm supports you in this journey, offering advice and resources to ensure your success.


Chapter 13 bankruptcy typically involves a repayment plan that lasts 3 to 5 years, depending on your income and financial situation.

Yes, one of the primary benefits of Chapter 13 bankruptcy is preventing foreclosure and keeping your home by incorporating mortgage arrears into your repayment plan.

Filing for Chapter 13 bankruptcy will impact your credit score initially, but it also provides an opportunity to rebuild your credit over time through consistent repayment and financial management.

Schedule a Consultation with Our Deerfield Beach Chapter 13 Bankruptcy Lawyer at Fleysher Law

Schedule a consultation with our Deerfield Beach chapter 13 bankruptcy lawyer at Fleysher Law

If you're considering Chapter 13 bankruptcy or seeking ways to manage your debt, our Deerfield Beach, FL, bankruptcy lawyers are here to help.

At Fleysher Law, we proudly serve the Fort Lauderdale and Boca Raton areas and have experience with consumer bankruptcy cases. Contact us today to schedule a case consultation. We can see if the decision to file bankruptcy is right for you.

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