Law Office of Stuart Ferderer
PO Box 532057
Orlando, FL 32853-2057
Phone: 407-649-7575
Toll Free: 407-649-7575
Fax: 407-649-7272

Chapter 13 Bankruptcy

Florida Debt Restructuring Lawyer

When a debtor has debts that can be paid off over time, he or she can file for a chapter 13 bankruptcy as a solution to immediate financial problems. Also known as "wage earner plans", chapter 13 allows debtors to pay some or all of what they owe to creditors over time.

At the Law Office of Stuart Ferderer, we have helped clients find relief from their financial woes by assisting them in filing petitions for chapter 13 bankruptcies. Clients who file under chapter 13 enjoy the following benefits:

  • The foreclosure process is delayed to give the debtor up to five years to become current with their delinquent mortgage payments
  • Repossession of personal properties is stopped
  • Most unsecured creditors cannot charge interest or late fees
  • Creditors may not have to be paid in full

Why choose chapter 13 bankruptcy?

Unlike a chapter 7 bankruptcy, chapter 13 doesn't liquidate non-exempt assets and is not geared toward immediately wiping away debts. Instead, a chapter 13 bankruptcy is intended to help people gradually pay off their debts over time, keeping their property in the process. A person filing for a chapter 13 bankruptcy is required to present a plan to pay off his or her debts. This is called a repayment plan, and is usually 36 to 60 months long. During that time, the bankruptcy petitioner has to continue making current mortgage payments on the debts, as well as making payments to get caught up on the mortgage. Payments are also made on other debts based upon the petitioners ability to pay them. Once the repayment plan is completed, all remaining debts eligible for discharge will be wiped out.

For a knowledgeable, experienced chapter 13 lawyer dedicated to providing quality representation in Orlando, Florida, contact the Law Office of Stuart Ferderer to schedule a free initial consultation.

Law Office of Stuart Ferderer
PO Box 532057
Orlando, FL 32853-2057

Phone: 407-649-7575 ▪ Toll Free: 407-649-7575 ▪ Email: ▪ Fax: 407-649-7272

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The Law Office of Stuart Ferderer represents Chapter 7, Chapter 13, foreclosure, judgment and tax debt clients in the Central Florida areas of Orlando, Winter Park, Sanford, Deltona, Melbourne, Cocoa Beach, Kissimmee, Longwood, Altamonte Springs, Winter Springs, Casselberry, Windermere, Lake Mary, Heathrow, Apopka, Oviedo, Mount Dora, Tavares, Orange County, Seminole County, Volusia County, Lake County, Osceola County and Brevard County.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.