Chapter 13 Bankruptcy
Chapter 13 bankruptcy offers debt relief to individuals who are interested in repaying their debts, but who do not want to lose assets they have acquired, including business interests, investment properties, cars, etc. While debtors are allowed to keep all of their property, a written plan of reorganization must be created, giving details of all the transactions that will occur, and the duration of the same.
In many Chapter 13 cases, an individual can eliminate a Second or Third Mortgage if the First Mortgage is greater than the fair market value of the individual’s property. The advice of an experienced, knowledgeable attorney can help you determine what kind of repayment plan will work for you and protect your best interests throughout the process.
"Ask us how the recently implemented Mortgage Modification Mediation Program can assist you in saving your Home"
Anna Zhuromskaya, Associate Attorney at Miami Legal Center
In many Chapter 13 cases, an individual can eliminate a Second or Third Mortgage if the First Mortgage is greater than the fair market value of the individual’s property. The advice of an experienced, knowledgeable attorney can help you determine what kind of repayment plan will work for you and protect your best interests throughout the process.
"Ask us how the recently implemented Mortgage Modification Mediation Program can assist you in saving your Home"
Anna Zhuromskaya, Associate Attorney at Miami Legal Center
Contact us to schedule your Free Consultation and learn more about your Bankruptcy Options.