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Chapter 13 bankruptcy, also known as “reorganization bankruptcy.” It is not the same as Chapter 7 and it doesn’t completely eliminate the debt. In Chapter 13 bankruptcy requires the client to restructure their debt and create a repayment plan. This plan is designed to fit the individual’s ability to repay. It is important to have Miami bankruptcy lawyers by your side while filing bankruptcy for Chapter 13.
The Chapter 13 process will take longer than other options, but it will allow you to protect your assets. You can save some assets and decide to sell others to make payments, but it’s not a compulsory requirement.
How Peraza Law Firm Can Help
Chapter 13 is complex and it can be overwhelming to navigate it without guidance and support. Having a knowledgeable legal team by your side can make the navigation easy. Our team of dedicated lawyers can personalize assistance at every stage of your case. From evaluating your case to assessing your financial situation, we create a repayment plan that is best suitable for you. We can help you gain your financial independence back.
Our Approach
At Peraza Law Firm, we understand that every client’s situation is unique. We have a professional legal team that approaches every case with expertise and empathy. We take time to listen to your financial situation, work on your concern, evaluate your circumstances and create a legal solution that is best suitable for your situation. Our goal is to provide you with the best legal assistance so that you can make informed decisions about your financial situation.
If you are struggling with overwhelming debt and considering Chapter 13 bankruptcy as a solution, we are here to help. Book your free bankruptcy consultation with us today!
Chapter 13 bankruptcy is also known as “reorganization bankruptcy.” This bankruptcy process helps in creating the repayment plan for debt restructuring. But in Chapter 13, the individual or business usually liquidates assets for paying creditors. But Chapter 13 allows individuals to save their assets by paying creditors over a period.
If you want to safeguard your assets while you are working towards paying off your debts, you should opt for Chapter 13. It offers you an opportunity to protect your assets. It provides you a court approved structured repayment plan that fits your ability to pay off debt over time.
Our Chapter 13 bankruptcy attorney provides you with invaluable case assistance. We help you understand your case positioning and where you stand and how we can help you move forward. We provide you with legal advice that is suitable for your situation and create a strategy that is tailored for your case.
Peraza Law Firm offers expertise in Chapter 13 bankruptcy, providing personalized assistance at every stage of the case. Their legal team listens to your concerns, evaluates your circumstances, and develops tailored solutions to help you regain financial independence.