DAYTONA BEACH CHAPTER 13 BANKRUPTCY ATTORNEY

Helping Individuals Reorganize Debt and Protect Assets

If you are facing foreclosure, repossession, or unmanageable debt, Chapter 13 bankruptcy may offer a structured path toward financial stability. At My Affordable Attorney, our Daytona Beach Chapter 13 bankruptcy attorney assists individuals and families in evaluating whether a court-supervised repayment plan may be appropriate for their situation.

We provide confidential consultations to explain your options under federal bankruptcy law and Florida exemptions.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a form of personal bankruptcy that allows individuals with regular income to reorganize debts through a court-approved repayment plan lasting three to five years.

It is sometimes called a “reorganization” or “wage earner’s” bankruptcy.

A Chapter 13 plan may allow you to:

• Catch up on past-due mortgage payments
• Stop foreclosure proceedings (subject to legal requirements)
• Cure car loan arrears and prevent repossession
• Consolidate certain debts into one monthly payment
• Retain property that might otherwise be at risk in Chapter 7

After successful completion of the plan, remaining eligible unsecured debts may be discharged.

How Chapter 13 Differs From Chapter 7

While Chapter 7 bankruptcy typically involves liquidation of non-exempt assets and discharge of unsecured debt, Chapter 13 focuses on repayment over time.

People often consider Chapter 13 when:

• They do not qualify for Chapter 7
• They want to keep a home or vehicle
• They need time to catch up on secured debts
• They have non-dischargeable obligations that can be paid through a plan

An attorney can help determine which chapter may be appropriate based on your income, assets, and financial goals.

The Chapter 13 Repayment Plan

To begin a Chapter 13 case, you must propose a repayment plan that complies with the Bankruptcy Code. The plan is reviewed by the trustee and must be confirmed by the bankruptcy court.

Your monthly payment is generally based on:

• Household income
• Reasonable living expenses
• Secured debt arrears
• Priority debts (such as certain taxes or support obligations)
• Disposable income available to repay creditors

Once confirmed, you make one monthly payment to the trustee, who distributes funds to creditors according to the plan.

Florida Exemptions Still Apply

Florida’s exemption laws may allow you to protect certain assets during a Chapter 13 case, including:

• Homestead property (subject to legal requirements)
• Retirement accounts
• Certain personal property
• Wages and benefits that may be exempt under state or federal law

Eligibility and protection depend on individual circumstances.

Affordable Chapter 13 Legal Representation

My Affordable Attorney is a boutique law firm focused on providing cost-conscious legal services to individuals seeking debt relief. We strive to offer clear communication, transparent fees, and practical guidance throughout the Chapter 13 process.

Chapter 13 Bankruptcy FAQs

How Does Chapter 13 Stop Foreclosure?

Filing a Chapter 13 petition typically triggers an automatic stay that temporarily halts foreclosure proceedings. The repayment plan may allow you to cure past-due mortgage payments over time while maintaining current payments.

How Long Does Chapter 13 Last?

Most Chapter 13 plans run between three and five years, depending on income and other statutory requirements.

What Happens After the Plan Is Completed?

If you successfully complete all required payments and obligations, the court may issue a discharge of remaining eligible debts.

Schedule a Confidential Consultation

If you are considering Chapter 13 bankruptcy in Daytona Beach or elsewhere in Volusia County, legal guidance can help you make an informed decision.

Contact My Affordable Attorney to schedule a confidential consultation to discuss your financial situation and available options.