Updated : Sep 25, 2019 in chapter 13 lawyer orlando fl

Benefits of Chapter 13 Bankruptcy

Although filing bankruptcy isn’t in the plans for most people, life sometimes has other ideas and we find ourselves in need of a bit of financial recourse to get back on the right track. Chapter 13 bankruptcy is one of the two main types of bankruptcy, used by thousands of people who seek relief from their compounding debts. If you plan to file a Chapter 13 bankruptcy, it’s important that you talk to a chapter 13 lawyer orlando fl ahead of time. They have the information and answers that you need to make an informed decision concerning bankruptcy.

chapter 13 lawyer orlando fl

Until then, read below to learn more about the great benefits of filing a Chapter 13 bankruptcy.

·    Peace of Mind: The peace of mind that comes when a person files Chapter 13 bankruptcy alone is worth proceeding with this case. You deserve to know that financial relief is in your future.

·    Avoid Foreclosure: One of the main reasons people elect to declare Chapter 13 bankruptcy is to help avoid foreclosure. If you find yourself in such a situation, talk to a lawyer to learn how filing bankruptcy may help.

·    IRS Relief: Many people use Chapter 13 bankruptcy to help when they owe the IRS money. Bankruptcy helps people who are overwhelmed with IRS debt in a plethora of ways.

·    Car Payments: Drivers who’ve owned their car more than 2.5 years may be eligible to file for bankruptcy to prevent a lien hold on the vehicle. This is not available for every person but it’s worth learning more about.

Chapter 13 bankruptcy helps many people get financial relief every single year. It can help you as well. The above benefits include only a handful of the many you can expect once you file bankruptcy. Could this decision benefit your life as it has so many others already?