Jacksonville Chapter 13 Attorney

Should I File for Chapter 13 Bankruptcy?

There is a specific timeline which occurs when you file for Chapter 13 which is much lengthier than Chapter 7. Before you decide to file, it is important that you meet with a Jacksonville bankruptcy lawyer to discuss the steps. At Ruff & Cohen, we want you to have a realistic expectation of how long Chapter 13 will take and we are here to guide you through the process from start to finish.

• The steps involved in the bankruptcy process typically go as follows:
• Once your application is approved, an automatic stay goes into effect.
• We will need to create and submit a payment plan to the bankruptcy court.
• Within about 20-40 days of filing, a meeting of the creditors will occur.
• Within about 20-40 days of the creditor meeting, a confirmation hearing will occur.
• You will have three to five years to repay your debts on a monthly basis.

Understanding Chapter 13 Law

Within about 180 days of filing for Chapter 13 bankruptcy, you will be required to go through a credit counseling course. You will also need to complete additional counseling after the meeting of the creditors takes place. Once the period of your repayment plan is completed, any remaining debt will then be discharged.

Can I File for Chapter 13 Bankruptcy?

With Chapter 7, you are required to take a means test to determine if you are eligible. However, in Chapter 13 the eligibility requirements are much more specific. We can assist you to illustrate to the bankruptcy court that you have a reliable, regular income that can meet the proposed payment plan.

Would you like to set up a free initial consultation with a Jacksonville Chapter 13 bankruptcy lawyer? Contact our office now at (352) 376-3601.