Chapter 20




Experienced Florida Bankruptcy Attorney

If you didn’t know that there was a Chapter 20 bankruptcy, don’t be surprised. There isn’t. Chapter 20 is the name that has been given to the process of filing for Chapters 7 and 13 back-to-back. This isn’t a very common practice and is usually most applicable for people trying to save their home or eliminate a lien on a piece of property.

At the Price Law Firm, our Orlando Chapter 20 attorneys help central Florida clients in all aspects of complex consumer bankruptcy matters. We will take the time to explain the thinking behind Chapter 20 bankruptcies and let you know if this option is a good fit to help you reach your debt relief goals.

Understanding Chapter 20 Bankruptcy

As we mentioned above, Chapter 20 bankruptcy is a two-step process of filing for Chapter 7 bankruptcy and then following it up with a Chapter 13 bankruptcy a short time later. Filing for the Chapter 7 bankruptcy allows you to eliminate your unsecured debt, such as medical bills and credit card debt. Filing for Chapter 13 allows you to repay arrearages in mortgage payments or other obligations without the fear of foreclosure, wage garnishments or other negative consequences hanging over your head.

In the majority of the cases we see, a person with excessive amounts of unsecured debt who is also behind on mortgage payments or needs help eliminating a second mortgage is the most frequent candidate for the Chapter 20 option. We understand that this “dual-filing” approach may seem contrary to your understanding of bankruptcy law. We encourage you to contact our office to learn more about how Chapter 20 may be able to help you.

To learn more about Chapter 20 bankruptcy, contact the Price Law Firm. We are conveniently located in Altamonte Springs in the Orlando-Kissimmee metro area. To schedule a free consultation with an attorney, call 407-834-0090.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.