Bankruptcy Lanigan Logo

Bankruptcy Lanigan & Lanigan, P.L.
831 W. Morse Blvd., Winter Park, Florida 32789


999 Ponce de Leon Blvd., Ste. 530, Coral Gables, Florida 33134



mortgage workouts

Consult an Attorney to File a Chapter 13 Bankruptcy

Consumers who are overwhelmed by debt but would like to be able to pay back some debt while eliminating other debt should learn about Chapter 13 bankruptcy.

Chapter 13 bankruptcy is a legal means of resolving indebtedness when other avenues have been exhausted. Debtors who file Chapter 13 bankruptcy have reached a point where money owed far exceeds income or an ability to repay.

Some individuals face losing their homes, businesses, and other accrued possessions due to personal and professional financial challenges. Some of these include sudden illness and medical bills that follow; divorce; job loss; upside down mortgages; living off credit cards in a very difficult economy.

Fortunately, for individuals and businesses that face home foreclosures and repossessions, or who go out of business due to a lack of finance, the U.S. Bankruptcy court system offers opportunities to legally file financial insolvency.

File Chapter 13 Bankruptcy With an Experienced Attorney 

Filings come under Chapters 7, 11, and 13 of the federal law, with the latter being the petition chosen most by debtors who are gainfully employed or have a source of steady income. Income is the key to being able to file a Chapter 13 bankruptcy. This is also called a wage earner petition which requires employed individuals to establish a court-ordered debt management plan under which creditors are paid within a three- to five-year period.

Not many debtors are familiar with the process of filing and this is a key reason for hiring Florida and Orlando bankruptcy and foreclosure attorneys Eric Lanigan and Roddy Lanigan. Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy are complex legal processes that individuals should not handle alone.

The loss of property, income and future earnings can be at stake and the opposition: The Federal Bankruptcy Court is a government arm skilled at getting what it needs to repay bad debts.

Bankruptcy court trustees are not easy to deal with and are adept at getting your possessions to pay those debts.

Don’t risk losing income and property. Instead, learn more about how Eric Lanigan and Roddy Lanigan work with clients to aleviate the debt and get a fresh start through filing Chapter 13 Bankruptcy.

Previous post: Alternatives That Will Stop or Change Foreclosures

Next post: Proving Hardship for Student Loan Bankruptcy is Difficult