How it works:
A Chapter 13 case is a debt reorganization bankruptcy often used by individuals who want to catch up past due mortgage or car loan payments and keep their assets. In Chapter 13, the debtor must propose in good faith to pay all or part of the debt from future income over a period of time ranging from three to five (3 to 5) years. If the Court approves the Plan of repayment the debt may be settled in this matter even if some creditors are not paid in full and are not willing to go along with the Plan. If the Debtor makes the payments that are required he or she will not have to surrender property to the Chapter 13 Trustee. Chapter 13 can be more advantageous than a liquidating bankruptcy for those who are behind on their home mortgage or car loans and for other reasons. For instance, some of the debt that cannot be discharged in a Chapter 7 can be discharge in Chapter 13 once the Debtor completes the Chapter 13 Plan. Also the Debtor can pay some non-dischargeable federal taxes over the term of the Chapter 13 Plan without interest. However, Chapter 13 can only be used by an individual debtor not by a Corporation and only if the total debts are less than certain limits for secured and unsecured debts. An individual engaged in business not as a corporation might use Chapter 13 to pay debts or settle them over a period of time while he or she continues to own and operate the business.
Our approach
At the Law Office of Cox & Sanchez, we want to address not only your immediate legal issues, but your long-term needs as well. When you visit our offices, we will listen carefully to your objectives in bankruptcy and will develop an action plan to meet your goals. In addition, our lawyers will recommend a credit-counseling program and other courses on finances and money management to help debtors avoid lapsing into old habits.
We provide prompt, courteous and direct service whether you call or visit our offices, you will speak with the firm's attorneys rather than support staff. We offer evening and weekend meetings by appointment, accept credit cards and offer flexible payment plans. For more information about our approach or to schedule a meeting, contact our St. Petersburg office today, at 727-896-2691.
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Law Office of Cox & Sanchez
4488 Star Street North
St Petersburg, FL 33709-4120
Phone: 727-896-2691
Fax: 727-541-7900
E-mail
The Law Office of Cox and Sanchez represents bankruptcy, personal injury and real estate clients in St. Petersburg, Clearwater, Tampa, Lakeland, Largo, Port Richey, New Port Richey, Palmetto, Bradenton, Seminole, Safety Harbor, Bradenton, Palm Harbor, St. Petersburg, St. Petersburg Beach, Treasure Island, Madeira beach, Tarpon Springs, Holiday, Dunedin, Brooksville, Sarasota, Hernando County, Hillsborough County, Manatee County, Pasco County and Pinellas County, Florida.
