Chapter 13 Bankruptcy
A Chapter 13 Bankruptcy may allow you to create a realistic repayment plan with your creditors based upon your reality. In many cases the amount repaid is significantly less than the amount that was owed.
A Chapter 13 Bankruptcy, also known as a “reorganization,” is basically a court ordered payment plan for your creditors. Under a Chapter 13 Bankruptcy you keep your property and agree to a three to five-year repayment plan for some of your debt. If you follow the plan, the remainder of your unsecured debt will be eliminated. A Chapter 13 Bankruptcy is usually a better option if you have fallen behind on your house payment because the repayment plan allows you to catch up those payments and avoid foreclosure, and repossession. Under a Chapter 13 Bankruptcy, all of your debts, with a few very limited exceptions, are paid inside the court ordered payment plan, so you would not keep making payments on them after you file your Chapter 13 Bankruptcy.
When you make the decision to file your Chapter 13 Bankruptcy you are starting to regain control of your financial future. On the day that you retain Matthew Mazur, P.A. to represent you for your Chapter 13 Bankruptcy, you can tell all of the bill collectors and creditors to contact us and to stop contacting you. What would it be like not to worry every time the phone rings or every time there is a knock at the door? How would it feel to know that all of the harrassment was going to stop?
When you retain Matthew Mazur, P.A. we will take care of all of those phone calls and threatening letters for you. From the day you retain our firm on, you will not have to worry about being harrassed by your creditors, because they have to talk to us now. We will put them on notice immediately that we represent you and that they should stop contacting you. This will result in a significant reduction in the stress in your life.