Chapter 13

Tampa Chapter 13 Bankruptcy Attorney

Helping You Achieve Debt Relief

Some individuals may not qualify for a Chapter 7 bankruptcy in Florida. Others may have certain assets and property that they wish to hang onto that might otherwise be lost in a Chapter 7 filing, such as vacation homes, other real estate, multiple vehicles, and RVs. For people in both categories, a Chapter 13 bankruptcy may be a more suitable option.

A Chapter 13 bankruptcy filing allows people with regular income to restructure debt and repay it over a set period of time. This type of bankruptcy consolidates all of one’s debt into one monthly payment to be paid to the court-appointed trustee who then dispenses it to creditors.

At Bankruptcy Defense Group we will provide the assistance necessary to determine your eligibility for a Chapter 13 bankruptcy filing. Once you qualify, our competent attorney will guide you every step of the way, from initial filing through the end of your repayment plan. Lean on our decades of legal negotiation to ensure that you arrive at a repayment plan that is designed in your best interest.

How Chapter 13 Bankruptcy Works

Chapter 13 has been called various names based on how it works. It is known as the reorganization plan, repayment plan, and the wage-earner’s plan.

In a Chapter 13, your unsecured debt will be reorganized into a manageable monthly payment that will be repaid over a three- to five-year period. During that time, you must have a steady and reliable source of income so that you can handle your monthly expenses as well as make your monthly plan payment obligation to your bankruptcy trustee.

At the end of your repayment plan, whatever unsecured debt remains will be discharged. Unsecured debt includes debt not backed by property such as credit car debt, medical bills, and personal loans.

Chapter 13 bankruptcy is a viable option for those who want to keep assets that they might otherwise lose through liquidation in a Chapter 7. Examples are your house or car, where you have fallen behind in your payments. These are secured debts which must be reaffirmed through the bankruptcy process.

You may be able to stop a foreclosure on your house or a repossession of your car by filing for a Chapter 13 which allows you to catch up payment arrears through your reorganization plan.

What Debts Can be Repaid Through Chapter 13?

Both secured and unsecured debt can be repaid through Chapter 13 such as:

  • Mortgage arrears
  • Car payment arrears
  • Child support arrears
  • Property tax arrears
  • Income tax arrears
  • Medical debt
  • Legal fees
  • Credit cards
  • Payday loans
  • Personal loans (loans made on your signature)
  • Student loans

By extending the length of your payments over three to five years, you may be able to lower the amount you owe on secured debt such as your mortgage or auto loan. All of this is arranged through the bankruptcy court.

Once you file for bankruptcy and are under the protection of the court, your creditors have no say in the matter of how these debts are repaid. In fact, as soon as you file your Chapter 13 petition, the court issues an “automatic stay” that puts a stop to a creditor’s right to seek payment through any means of communication.

Looking for help with Chapter 13 in Tampa? Phone us at (813) 644-3730 for a free consultation to talk about your situation or contact us online today.

Restructure Your Debt Loan with Help from a Tampa Chapter 13 Bankruptcy Attorney

Filing for bankruptcy is a big step that has both benefits and drawbacks. It is best if you get a thorough understanding of what the process does and how it will affect your life and future. At Grayson & Monroe, we are here to educate you on how it works, to advise you on your best options based on your individual circumstances and goals, and to help you move forward in whatever manner is right for you. If you choose Chapter 13, we can help you negotiate the best plan for you, help you avoid any errors, and help to ensure the process runs smoothly and efficiently.

Reach out to us at (813) 644-3730 to learn more about bankruptcy today.

Your Questions Answered

Many of our clients have come across the same initial questions as they begin their journey to financial freedom. Visit our FAQ page to get some quick answers.



  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.