Chapter 13 Bankruptcy Attorney in Melbourne

Experienced Guidance On Your Path to Financial Recovery

At Buchalter & Pelphrey Attorneys At Law, we understand the stress and uncertainty of financial difficulties, and we are here to provide guidance and support as your dedicated Chapter 13 bankruptcy law firm. With over 50 years of combined experience, our team is committed to helping you regain stability through personalized and compassionate service.

Struggling with debt? A Chapter 13 bankruptcy lawyer can help you reorganize and protect your finances. Contact us or call (321) 320-6088 for a free consultation.

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, often referred to as a wage earner’s plan, allows individuals with regular income to develop a plan to repay all or part of their debts. Unlike Chapter 7, which involves liquidating assets, Chapter 13 allows you to keep your property while making manageable monthly payments over a 3- to 5-year period. This option can stop foreclosure and help you catch up on overdue mortgage payments, making it an ideal choice for those looking to save their homes.

Additionally, Chapter 13 is tailored to accommodate your existing income and essential expenses, meaning you don't have to sacrifice necessities to stay afloat. The structure of Chapter 13 plans often caps payments at levels that will not exceed your ability to pay, allowing you to maintain your quality of life while working towards financial recovery. Furthermore, any co-debtors on consumer debts will be protected under your bankruptcy plan, alleviating mutual financial pressures.

Advantages of Chapter 13 Bankruptcy

• Asset Protection: Retain your home and car while gradually repaying debts.
• Debt Consolidation: Consolidate your debts into a single, affordable monthly payment.
• Income-Based Plan: Payments are based on your income, making them easier to manage.

About The Chapter 13 Process

In Melbourne, filing for Chapter 13 bankruptcy involves several steps and local procedures. At Buchalter & Pelphrey, we will work closely with you to draft a feasible repayment plan that will be presented to the Middle District of Florida Bankruptcy Court, Orlando Division (Brevard County, Lake County, Orange County, Osceola County, Seminole County, and Volusia County).

One distinct aspect of the Chapter 13 process in Melbourne is the interaction with the local trustee assigned to your case. A trustee’s role extends beyond oversight; they evaluate your proposed repayment plan and ensure it complies with local and federal laws. They may also facilitate communication between you and your creditors. Our effective communication with trustees allows us to anticipate and address potential issues before they become obstacles. Our local presence ensures that we are always on hand to represent your interests effectively in required hearings or proceedings.

Steps to Expect in the Chapter 13 Filing Process

• Credit Counseling: Gain financial insight through a mandatory pre-filing counseling session.
• File the Petition: Our lawyers prepare and file your petition with detailed financial disclosures.
• Meeting of Creditors: Participate in a meeting where creditors can ask questions regarding your plan.
• Court Approval: Attend a confirmation hearing where the court approves your repayment plan.

Working With Local Courts

The Middle District of Florida Bankruptcy Court, Orlando Division, serves residents in Brevard County. Our practice is well-versed in the nuances of this court, ensuring that your filing is completed efficiently and correctly. Having filed thousands of cases, we understand local expectations and challenges, providing you the advantage of experienced representation.

Many residents, particularly those in regions impacted by fluctuations in tourism and seasonal employment, have turned to Chapter 13 as a viable solution for managing temporary financial downturns. Our local expertise enables us to provide insights into these trends, predicting potential hurdles and likely outcomes specific to the region’s economic conditions.

Why Choose Buchalter & Pelphrey?

Clients throughout Brevard County trust us for our unique combination of experienced legal guidance and compassionate service. Our dedication to client interaction means you're never just a case number. We offer direct, responsive communication to ensure you are informed and comfortable at every stage of the process.

Why clients choose us:

• Comprehensive Service: We are the only firm in the region offering both bankruptcy and tax law services.
• Award-Winning Reputation: Recognized as a 'Best Law Firm' in North Brevard, our reputation speaks to our commitment to excellence.
• Tailored Solutions: We don't employ a one-size-fits-all strategy. Each plan is customized based on your unique financial situation.

Connect with an experienced Chapter 13 bankruptcy attorney as soon as possible. Dial (321) 320-6088 or submit an online form.

Frequently Asked Questions

What Debts Are Dischargeable in Chapter 13 Bankruptcy?

A Chapter 13 bankruptcy attorney at Buchalter & Pelphrey can help you reorganize debt and potentially discharge credit cards, medical bills, and personal loans. While some debts like student loans and child support usually remain, we can help restructure certain secured debts, such as removing a second mortgage through lien stripping. Our team will guide you in creating a plan that fits your financial situation.

How Does Chapter 13 Bankruptcy Affect My Credit?

A Chapter 13 bankruptcy lawyer can help you create a structured plan to regain control of your finances. While it may impact your credit score, completing the repayment plan and making timely payments can gradually improve it. We can also guide you toward resources and habits that support credit recovery, helping you rebuild your financial foundation with confidence.

Can I Keep My Car if I File for Chapter 13 Bankruptcy?

A Chapter 13 attorney in Melbourne at Buchalter & Pelphrey can help you keep your car while reorganizing your debt. If you bought your vehicle over 910 days ago, you may qualify for a loan cramdown—paying only the car’s current value, not the full balance. We work to protect your assets and secure terms that support your financial recovery. Get in touch to learn more during a consultation.

Is Chapter 13 Bankruptcy Right for Me?

Determining whether Chapter 13 is the best option involves evaluating your financial state, income stability, and debt types. Our firm conducts a thorough assessment to recommend the most suitable legal strategy tailored to your unique circumstances.

In addition, it’s often beneficial for individuals with non-dischargeable tax debts or those delinquent in mortgage payments to consider Chapter 13, as it provides a mechanism to get back on track without facing foreclosure. Our comprehensive analysis will delve into possible alternatives and the long-term benefits of each option, ensuring your financial plan aligns with both your immediate needs and future goals.

How Long Does the Chapter 13 Process Take?

A Chapter 13 repayment plan typically spans 3 to 5 years, depending on your income and the court's decision. Completion of the process also depends on accurately following repayment terms. Our attorneys are committed to keeping you on track and making adjustments as needed to ensure successful plan completion.

Throughout this timeline, several mandatory reviews and adjustments might take place, allowing for changes in your financial situation. Life events that drastically impact income can lead to amendments in your plan, including potentially shifting from Chapter 13 to Chapter 7 if circumstances allow. Rest assured, our goal is to adapt your plan as necessary to meet all legal requirements while best supporting your financial wellness.

Start Your Path to Financial Freedom Now

If you're facing financial distress, turn to Buchalter & Pelphrey Attorneys At Law for empathetic and knowledgeable legal support. We invite you to contact us for a consultation at (321) 320-6088. Let our experienced Melbourne team guide you toward a brighter financial future. With our comprehensive understanding of bankruptcy and tax law, you’ll have the advantage of a full-spectrum approach to your unique challenges.

Need a Chapter 13 bankruptcy lawyer in Melbourne? Call (321) 320-6088 or contact us online to explore debt relief options with a free consultation today.