Chapter 13 Bankruptcy Law Firm in Florida

Being in the red can be a frightening experience. At Pinkston & Pinkston, P.A., we understand the stress you feel when your personal finances are in trouble. We represent individuals in Chapter 13 bankruptcy cases. If you are facing serious financial challenges, we can help.

Our bottom line: protecting yours

Chapter 13 is often referred to as reorganization bankruptcy because it allows debtors to create a payment plan that reorganizes their debt. Payment plans are based on income instead of assets and are usually spread out over three to five years. Your debts are consolidated into a single payment you make to a Chapter 13 trustee who then disburses payments to your creditors.

Filing for Chapter 13 bankruptcy may be the right option for you if you have non-exempt property you want to keep and you have a reliable income that covers your daily expenses while allowing you to make payments according to your court-approved and legally binding Chapter 13 plan.

Chapter 13 and auto repossession

Reorganizing your debt under Chapter 13 enables you to refinance any existing auto loans, effectively stopping any repossession and collection efforts against you once you file. As long as you make all of your Chapter 13 payments and maintain car insurance throughout Chapter 13 your vehicle should be protected from repossession.

Chapter 13 and home foreclosure

Just as filing for Chapter 13 stops auto repossession, it can also protect your home from foreclosure. Your Chapter 13 debt repayment plan should enable you to catch up on your mortgage payments within 36 to 60 months. The bank or mortgage company cannot foreclose on your home as long as you make payments according to the plan.  

Let Pinkston & Pinkston, P.A. help you open a new financial chapter

A solution to your financial issues may be closer than you think. The seasoned Chapter 7 and Chapter 13 attorneys at Pinkston & Pinkston, P.A. in Jacksonville can help determine if bankruptcy is the right option for you or your business. Call us at 888.789.3161 or contact us online to schedule your free consultation today.