What is Chapter 13 Bankruptcy? | Central Florida Bankruptcy Lawyers | Price Law Firm

About Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is a repayment/reorganization type of bankruptcy (as opposed to Chapter 7, which attorney Charlie Price calls a “wipe it all out and move on” type of bankruptcy). Generally, Chapter 13 Bankruptcy is filed to avoid a foreclosure case. A common misconception about Chapter 13 Bankruptcy is that, because it’s a “repayment” form of bankruptcy, you have to pay back 100% of your debts. This is not the case. Generally, what gets repaid is closer to 1 or 2%.

Hire an Orlando Bankruptcy Lawyer

If you or someone you love is struggling with debt, the Central Florida bankruptcy attorneys at the Price Law Firm can help. Call us at 407-834-0090 or visit our website.