Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Orlando, Florida
What Is A Chapter 13 Bankruptcy?
If you’ve fallen behind on mortgage or vehicle payments, Chapter 13 bankruptcy may help you stop foreclosure, keep your car, and create a manageable plan to catch up on past-due amounts. In some situations, Chapter 13 can also allow you to restructure certain secured debts, which may result in more affordable payment terms. Depending on your financial circumstances, you may be able to repay only a portion of your unsecured debt while retaining your assets, including your home and vehicle.
Chapter 13 may also help address nontraditional debts, such as unpaid traffic or parking fines that have led to a suspended driver’s license, potentially allowing for reinstatement through a court-approved repayment plan. While Chapter 13 offers important benefits, it involves detailed rules and long-term commitments that require careful planning.
At Nater Law Firm, PLLC, we help individuals and families in Orlando and throughout Central Florida understand how Chapter 13 bankruptcy works and whether it fits their financial goals. Our office provides guidance from the initial consultation through plan completion. Contact us today to schedule an appointment and discuss your options for moving forward.
Call Nater Law Firm, PLLC at 407-954-8855 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 reliable source of income that is sufficient, in the court’s view, to support monthly plan payments. Income does not have to come from traditional employment. Many individuals qualify using income from sources such as Social Security or disability benefits, unemployment compensation, retirement income, or rental property.
Certain filers are not eligible for Chapter 13, including stock or commodity brokers and corporations. However, sole proprietors and self-employed individuals may qualify, provided their secured and unsecured debts fall within the limits set by bankruptcy law. Chapter 13 repayment plans typically last three to five years, and eligibility may also involve a financial review to confirm that the plan is workable.
At Nater Law Firm, PLLC, we review each client’s financial circumstances before filing to help determine whether Chapter 13 bankruptcy is a practical option. Our Orlando office is here to guide you through the process and help you make informed decisions about your next steps. Contact us today to
schedule a consultation and discuss your eligibility.
What Happens During a Chapter 13 Proceeding?
The Chapter 13 process begins with confirming eligibility, which includes a financial review to determine whether the proposed repayment plan is workable under bankruptcy guidelines. Once a Chapter 13 case is filed, the automatic stay goes into effect, requiring creditors to stop foreclosure actions, wage garnishments, repossessions, lawsuits, and other collection efforts.
A key part of Chapter 13 is the repayment plan. While Nater Law Firm, PLLC assists with preparing a plan based on your income and expenses, the bankruptcy court must approve it. The court reviews whether the plan is proposed in good faith, whether unsecured creditors are receiving at least as much as they would under a Chapter 7 filing, and whether your available disposable income is being appropriately applied to the plan.
Chapter 13 involves detailed requirements and ongoing responsibilities, but with proper guidance, it can provide a structured path toward financial stability. At Nater Law Firm, PLLC, we help clients in Orlando and Central Florida navigate each stage of the process with clarity and confidence. Contact our office today to begin the next step.
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?
Understanding your options can feel overwhelming, but you don’t have to figure it out on your own. Call Nater Law Firm, PLLC
at 407-954-8855
today to speak with an attorney about your financial situation and learn how bankruptcy may provide the relief you need.
There are never any hidden fees. Attorney Fanny Nater offers clear, upfront flat-fee pricing, so you always know what to expect. Schedule your free consultation today.