JACKSONVILLE BANKRUPTCY

Attorneys at the Affinity Law Firm represent individual debtors in Chapter 7 and Chapter 13 here in Jacksonville.

We also represent business Chapter 11 or Chapter 13 cases in the State of Florida.

Call today for a Bankruptcy Consultation.

SEARCH THIS BLOG

Affinity Staff

My Photo
Gust Sarris
I was a business consultant and Entrepreneur for many years. During this time I had many attorneys and often felt that they certainly knew the law but often did not understand my business. About 8 years ago through my business efforts, I was in a place and time in my life where I could take some time off. I was always curious about the law and made the decision to attend law school. The first law practice I joined was not a fit for me. When I left I wanted to have a law firm that understood business and had a common sense approach to all forms of law The Affinity Law Firm was founded and immediately merged with the Law Office of Millie Kanyar. A strong partnership was formed that relied strongly on technology, business models, and an "affinity" for the law. In a short time another partner joined, Graham Syfert, and we have not stopped growing. Affinity Law now handles many types of law but has not forgot the basics that client service is number one. From the sound of our name you will find our approach to law refreshing. I hope that if you have read this far you will give us your enough trust to come in and see us and we will earn your trust. - Gust Sarris
View my complete profile

Jacksonville Bankruptcy Basics - Chapter 13

Chapter 13:  Adjustment of Debts of an Individual with Regular Income

This type of bankruptcy is only available for individuals (“real people”) with regular income whose debt falls within a certain limit set by Federal Statute.  Chapter 13 is also available to an individual who owns a business as a sole proprietor.  A chapter 13 bankruptcy is a sort of restructuring of individual debts.



Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time. Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments. Chapter 13 also has a special provision that protects third parties who are liable with the debtor on "consumer debts." This provision may protect co-signers. Finally, chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection.



Chapter 13 is designed to allow the individual filing to keep all or most of their property and to use part of future income over a period of years to pay creditors as much or more as they would have received if the liquidation of assets had occurred.  The typical payment plan commits disposable income for a period of 3 to 5 years to settle all or a portion of the debts.

If you think a Chapter 13 may be the right course of action, contact a bankruptcy lawyer at Affinity Law Firm and set up a free consultation today.

11 comments:

www said...

1columbia clothing outlet
retro jordans
michael kors bags
nike clearance
fitflop clearance
fitflops sale clearance
louboutin outlet
cheap nike shoes
nike outlet
coach outlet
polo factory store
celine bag
www.gucci.com
canada goose jackets
clark shoes outlet
fake jordans
kobe 8
burberry scarf
hermes bag
michael kors outlet
michael kors outlet 70% off
jordan shoes
abercrombie and fitch outlet online
jordan retro 11
jordan 11
hermes outlet
fitflop
coach outlet stores
michael kors outlet
canada goose outlet
fendi bags
the north face outlet
womens north face jackets sale
cheap purses michael kors
1102HXT-1

Qing Cai said...

chanel outlet store
omega watches
ferragamo outlet
lululemon pants
rolex watches,rolex watches,swiss watches,watches for men,watches for women,omega watches,replica watches,rolex watches for sale,rolex replica,rolex watch,cartier watches,rolex submariner,fake rolex,rolex replica watches,replica rolex
bottega veneta outlet online
replica handbags,replica handbags outlet,cheap handbags,purses and handbags,wholesale replica handbags,replica bags,bags outlet,replica handbags wholesale,cheap purses,discount handbags,handbags sale,wholesale purses,handbags and purses,replica purses
louis vuitton handbags
longchamp handbags
true religion outlet
ferragamo shoes
ferragamo shoes
coach outlet
swarovski jewelry
tiffany jewelry
ferragamo shoes sale
tory burch outlet online
coach handbags
kate spade uk outlet
tiffany outlet
celine outlet
michael kors factory outlet
ralph lauren uk
fitflops sale
fitflops outlet sale
mulberry sale
ferragamo shoes
chanel handbags outlet
lululemon outlet
ralph lauren outlet
cai20160224

John said...

moncler outlet online
ugg australia
louis vuitton pas cher
birkenstock outlet
louis vuitton uk
gucci
coach outlet online
polo outlet
michael kors outlet online
longchamp sale
2016107yuanyuan

艾丰 said...

jianbin1121
ralph lauren uk
michael kors handbags outlet
hollister uk
nike outlet store
lebron shoes
asics,asics israel,asics shoes,asics running shoes,asics israel,asics gel,asics running,asics gel nimbus,asics gel kayano
ugg uk
christian louboutin outlet
christian louboutin outlet
oakley sunglasses

林磊 said...

20170216 leilei3915
coach factory outlet
kate spade
christian louboutin shoes
louis vuitton outlet
coach outlet online
ralph lauren uk
fitflops outlet
cheap nfl jerseys
swarovski crystal
kevin durant shoes

Gege Dai said...

swarovski outlet
oakley sunglasses
michael kors handbags outlet
rolex outlet
oakley sunglasses
ugg boots
cheap ray bans
cheap oakley sunglasses
nike store uk
gucci site ufficiale
20170324lck

chenlili said...

burberry scarf
adidas yeezy
ugg boots
ugg boots
pandora jewelry
canada goose outlet
longchamp outlet
supreme
nfl jerseys
louboutin
chenyingying20180110

洛噷 said...

2018125 leilei3915
cheap ugg boots
ugg boots clearance
coach factory outlet
pandora outlet
adidas nmd r1
nike outlet
ugg boots
ugg boots
pandora charms
ugg outlet

dong dong23 said...

nike factory outlet
rayban
fitflops
nike mercurial
adidas outlet store
mont blanc pens
mulberry handbags
soccer jerseys
the north face
nike huarache
20183.22hemeimei

洛噷 said...

2018827 leilei3915
mcm bags
moncler outlet
ray ban sunglasses outlet
ugg,uggs,uggs canada
mbt outlet
polo shirts
michael kors outlet online
coach factory outlet
pandora charms
oakley sunglasses

chenlina said...

moncler outlet
mlb jerseys
kate spade handbags
ray ban sunglasses outlet
y-3 shoes
cheap nfl jerseys
tods shoes
basketball shoes
canada goose jackets
ray ban sunglasses
chenlina20181114

Post a Comment