Consolidate and Pay Off Your Debts in Installments
Chapter 13 Bankruptcy Attorney in West Palm Beach, FL
Chapter 13 bankruptcy offers both individuals and small sole proprietorships a legal option for eliminating debt and obtaining a fresh start with their finances. A different type of bankruptcy from Chapter 7 or Chapter 11, Chapter 13 bankruptcy is also known as the bankruptcy plan for wage earners. It allows debtors with regular income to adjust their debts, keep their property, and repay their creditors for their debt over a time period, usually ranging from three to five years. When you work with our Chapter 13 bankruptcy attorney in West Palm Beach, FL, you will be walked through the entire process.
Reorganization and Debt Adjustment
Similar to Chapter 11 business bankruptcy whereby businesses in debt employ a means of reorganization to manage their finances and pay back their debt, Chapter 13 bankruptcy also involves a repayment plan developed by the debtor to repay all or part of his or her debts in instalments.
Benefits of Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is beneficial because by consolidating all debts into single monthly payments, the debtor can keep his or her assets rather than lose them through liquidation, as in Chapter 7 bankruptcy. In particular, Chapter 13 offers debtors a chance to save their homes from foreclosure.
Additionally, if the value of a second mortgage on your homestead property falls below the first mortgage, you may be able to eliminate the second mortgage through Chapter 13. Finally, Chapter 13 bankruptcy in West Palm Beach, FL, under bankruptcy law may result in lower payments for secured debts and also includes a provision protecting third parties—such as co-signers who share liability with the debtor on certain consumer debts.
Stop Wage Garnishment
Wage garnishment involves the deduction of money from the wages or salary of an employee as the result of a court order. Wage garnishment is a legal action that can be taken against you if there is a judgment in your name. If your wages are being garnished because of unpaid debts or are at risk of being garnished, filing Chapter 13 bankruptcy can provide you with a solution to stop wage garnishment while working out a repayment plan. After filing for bankruptcy, your creditors are prohibited from taking any further action to collect debts from you, including wage garnishment.
The law office of
Michael A. Kaufman, P.A.
Mr. Kaufman is a licensed attorney whose experience extends throughout many aspects of bankruptcy law. He has handled both personal and corporate cases involving Chapter 7 liquidation, chapter 11 corporate reorganizations, discharge of debts, automatic stays, consolidation of debts, and organizing assets and payment plans. He has also handled negligent claims, real estate claims, and contractual matters.
See why The Law Office of Michael A. Kaufman, P.A. is one of the highest-rated bankruptcy attorneys in West Palm Beach.
Very professional and smart, Mr. Kaufman helped me avoid losing money to my trustee because I made a large payment to an insider after ignoring his advice and he still helped me fix it, the trustee even complimented him for “being a smart lawyer” and after hearing 20 other people’s cases on the day of my 341 hearing I realized I definitely had the best lawyer around. I hope I never have to file bankruptcy again but if I did there’s no doubt in my mind I’d rehire Michael Kaufman. I also want to add he was very affordable.
I was stressing over a Credit Card lawsuit, and I called Michael Kaufman, P.A. I explained the situation and he took control and got me a favorable outcome.
His staff was helpful and very professional. Mr. Kaufman was very understanding and really helped me during a difficult time.
I highly recommend Michael A. Kaufman, P.A.
I give Mr. Kaufman a 5 star rating because I am very impressed with his over all handling of my case which was very efficient. He is very confident and informative, always let me know what to expect next, I never felt like I was left out in the dark. In fact, as soon as I talked to him I knew he was going to take care of everything and that was a load off my mind. His easy going manner made it easy to ask questions and I might add, he knew the answers to everything I asked. Thank you Mr. Kaufman for taking care of my case in such a way that you made it look easy, which I never would have believed when I began.
When you need the services of a lawyer in West Palm Beach, FL, don’t look further than the office of Michael A. Kaufman. We’ll start by providing you with a free initial consultation, letting you ask any questions you have about our services and pricing.