Chapter 13 Bankruptcy Lawyer in Orlando Save Your Home & Consolidate Debt

Falling behind on bills doesn't mean you have to lose everything you've worked for. Chapter 13 Bankruptcy is often called the "Wage Earner's Plan." It acts as a financial shield, allowing you to stop foreclosure, reorganize your debt, and catch up on missed payments over 3 to 5 years—all while keeping your home and car.

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Is Chapter 13 Right for You?

Unlike Chapter 7, which liquidates debt, Chapter 13 is a reorganization. It is designed for individuals who have a regular income but are overwhelmed by immediate demands from creditors. It is the best option if:

• ✔ You face foreclosure: You are behind on your mortgage but can afford the regular monthly payment going forward.
• ✔ You earn "too much": Your household income is above the Florida median, disqualifying you from Chapter 7.
• ✔ You have valuable assets: You want to keep a second home, a boat, or non-exempt equity that a Chapter 7 trustee would sell.

How the Process Works

Many clients worry that Chapter 13 takes "forever." While it lasts 3 to 5 years, the relief is immediate.

1. The Filing: We file your petition in the Middle District of Florida court. Creditor calls stop immediately.
2. The Plan: We propose a monthly payment amount based on your disposable income. This one payment covers your mortgage arrears, car, and a portion of credit cards.
3. The Discharge: After completing the plan, the remaining unsecured debt (credit cards, medical bills) is typically wiped out tax-free.

Common Questions in Florida

How much will my monthly payment be?

It depends on your income and debt. It is calculated to be "affordable" based on your budget, not what creditors demand. We fight to keep this payment as low as legally possible.

What happens to my 401(k)?

Your retirement savings are generally 100% protected in bankruptcy. You will likely keep every penny in your 401(k) or IRA.