Miami Chapter 20 Bankruptcy Lawyers

What Is Chapter 20 Bankruptcy?

The term "Chapter 20" is used by bankruptcy professionals to describe sequential Chapter 7 and Chapter 13 bankruptcy filings. While filing back-to-back bankruptcies is not normally necessary, it can be an option for certain individuals attempting to avoid foreclosure. At Kingcade & Garcia, we can assist you in analyzing your financial situation and let you know if Chapter 7, 13 or a combination of both (Chapter 20) could be effective for you and your family.

Fort Lauderdale Chapter 20 Attorneys

Whether you live in Miami, Fort Lauderdale or another city in southern Florida, Kingcade & Garcia can assist you in relieving your debt and pursuing financial freedom through bankruptcy. In Chapter 20 bankruptcy, one first files for Chapter 7 bankruptcy relief in order to eliminate all unsecured debt. Following the Chapter 7 discharge, you can then file for Chapter 13 bankruptcy in order to restructure your remaining debt. A Chapter 20 will typically eliminate enough of your debt and lower your remaining monthly payments enough to enable you to catch up on your mortgage, keep your home and prevent foreclosure.

In many cases, Chapter 20 will not be necessary. At Kingcade & Garcia, our lawyers commonly find that Chapter 13 bankruptcy can stop foreclosure proceedings and provide enough relief to help our clients correct a mortgage default. However, if you have substantial unsecured debt, a back-to-back Chapter 7 and 13 may be an option for you.

Contact us today to learn more about this unique bankruptcy option with a knowledgeable Miami Chapter 20 bankruptcy attorney in a free office consultation.