Chapter 13 Bankruptcy
If you are in a position where you feel like you are drowning in debt, you might want to consider filing for Chapter 13 bankruptcy. Miami bankruptcy attorney, Michael C. Compo, has been advising, guiding, and representing Chapter 13 applicants for many years; he has the experience, knowledge, and compassion to help you, too.
As a south Florida bankruptcy lawyer, Michael C. Compo knows that it is never easy for his clients to ask for help: by the time they are ready to explore bankruptcy options, they may feel like they are at the end of their rope, with no way out. Filing for Chapter 13 bankruptcy offers a practical, workable option and hope to these clients. No matter if you have lost your job, suffered a medical hardship, or gone through a divorce, Chapter 13 might be the right answer for you and your burden of debt.
When meeting with you, Michael C. Compo will take several steps to help you determine if Chapter 13 is the right answer your situation:
- First, all debt is analyzed, including your housing payments, car loans, credit card debt, student loans, etc.
- Next, he helps you clients decide if you are ready to declare Chapter 13.
- Third, Michael C. Compo works to establish exemptions and property.
- As a fourth step, all forms are completed and filed or submitted to the appropriate agencies and courts.
- Finally, Michael C. Compo represents you at hearings and acts as an advocate and negotiator in working out an acceptable payment plan with all of the affected creditors.
What is Chapter 13 Bankruptcy?
Filing for Chapter 13 does not mean that you are absolved of all of your debts which is what happens when you are awarded Chapter 7 bankruptcy instead, you are still expected to pay back all of the money that you owe, but your debts are consolidated into an affordable monthly payment, which is commonly referred to as the Chapter 13 Bankruptcy Plan.
Once Michael C. Compo has filed your petition for Chapter 13 bankruptcy protection, there is an automatic stay issued, which immediately stops any and all repossession or home foreclosure actions, giving you instant breathing space.
What Debts Are Covered Under a Chapter 13 Bankruptcy Plan?
What follows is a partial list of the debts that might be covered under your Chapter 13 Bankruptcy Plan; please note that this is a general list and Michael C. Compo will work with you to develop your list of debt.
- Automobile payments
- Child support arrears
- Credit cards
- Department store / credit cards
- Home equity arrears
- Home owner association (HOA) dues
- IRS debt
- Lines of credit
- Medical bills
- Mortgage arrears
- Pay day loans
- Property taxes
- Student loans
As a bankruptcy attorney, Michael C. Compo is ready to go to work for you, assessing, advising, and guiding you through a Chapter 13 filing. He will advocate for your rights, stop the calls and harassment from creditors, and development a payment plan that works with you and your financial means. Being in debt is scary: Michael C. Compo can and will help you find the answers you need.