There are two main forms of bankruptcy. In a Chapter 7, all or most of your consumer debt is eliminated, but some of your assets could be repossessed, including your car. In Chapter 13 bankruptcy, you set up a three- to five-year repayment plan that is based on your income and ability to pay. You have the right to convert a Chapter 13 bankruptcy to a Chapter 7 bankruptcy at any time if you become eligible.
Struggling to Make Your Chapter 13 Payments?
Perhaps you are struggling to keep up with your Chapter 13 payments. If you have recently lost your job or become ill, the Chapter 13 plan may no longer be realistic. Speak to an experienced bankruptcy attorney for assistance converting a Chapter 13 bankruptcy filing to a Chapter 7 filing.
In 2010, 110,304 people filed bankruptcy in Florida; 75 percent of these filings were Chapter 7 bankruptcies, according to Automated Access to Court Electronic Records (AACER).
Bankruptcy is an effective legal process designed to help people find debt relief. By working with Kingcade & Garcia, which has handled more than 15,000 bankruptcies, we can help you unlock the full potential of the process. Many of our clients are surprised to discover they never have to go to court or see a judge in order to convert their Chapter 13 filings to Chapter 7.
Contact our lawyers at Kingcade & Garcia online or by phone at 305-285-9100 to arrange a free consultation. It is extremely important that you hire an attorney who is experienced in the field of bankruptcy and focuses exclusively on representing the interests of individuals and families in bankruptcy matters.