Chapter 13

Chapter 13 Bankruptcy Lawyers in Jacksonville

Are you hoping to achieve instant relief from debt collectors? Is your home in danger of foreclosure? Do you have a steady income that allows you to make monthly payments toward your debt, but you currently owe too much to ever pay it all off?

If you answered “yes” to one or more of these questions, you might derive substantial benefits from Chapter 13 bankruptcy. Our attorneys at Edwards & Edwards, P.A. can sit down with you to assess your financial circumstances, explain what Chapter 13 could do for you, and help you determine whether this is the solution you need. If Chapter 13 is not right for your situation, we can use our 50+ years of combined experience to find a suitable alternative.

Ready to begin your journey toward financial freedom? Give us a call at (904) 478-9255 or contact us online. All prospective clients can begin with a case evaluation.

What Is Chapter 13 Bankruptcy?

Chapter 13 is a form of debt reorganization. You will propose a 3-5-year repayment plan to the court, which will approve your plan if it uses all your projected disposable income and gives your creditors at least as much as they would have received from the liquidation process if you had filed Chapter 7.

In other words, Chapter 13 does not involve liquidation, but the proceeds your creditors would have received from that process must be paid to them through your 3-5-year plan. To determine how much they need to receive, you will have to assess the total value of your nonexempt assets. Our bankruptcy attorneys in Jacksonville at Edwards & Edwards, P.A. will be more than happy to help you calculate this amount and develop an approvable plan that works for you.

Once you successfully complete your repayment plan, you can receive a discharge of any remaining unsecured debt (e.g. medical debt, credit card debt, utility bills, etc.). Once the court discharges your debt, you are no longer responsible for paying it off, and your creditors can no longer attempt to collect it.

Who Can (and Should) File Chapter 13?

Not everyone will qualify for Chapter 13. Additionally, Chapter 13 might not be right for you, even if you are eligible.

To qualify for Chapter 13 bankruptcy, you must:

  • File as an individual or sole proprietor (not as a business entity);
  • Owe no more than $419,275 in unsecured debt and $1,257,850 in secured debt; and
  • Complete credit counseling and financial management courses.

If you qualify for Chapter 13, it might be right for your situation if:

  • You have a steady, dependable income;
  • You have assets that you would lose through the Chapter 7 liquidation process; and/or
  • You need several years to catch up on delinquent payments for secured debt (e.g. car loans, mortgages, etc.).

When you bring your case to Edwards & Edwards, P.A., we won’t simply assess your eligibility. We will closely analyze your situation and help you understand all potential legal and financial implications of Chapter 13 bankruptcy. If we believe Chapter 7 would provide greater benefits, we will encourage you to file that type of bankruptcy instead. Ultimately, we are here to help you find the best possible solution and guide you through that process with care and efficiency.

Chapter 13 and Foreclosure

Because the bankruptcy is not over until you complete your repayment plan, you will have 3-5 years of protection against all forms of debt collection. This is because bankruptcy triggers the automatic stay, a court order that stops creditors and collection agencies from pursuing debt for the duration of the case.

Chapter 13, therefore, is a great opportunity to avoid or prevent foreclosure. Even if a foreclosure has already begun, bankruptcy will freeze this process, giving you 3-5 years to catch up on payments. You can even negotiate a mortgage modification during your case, which could result in a lower interest rate, an extension of the payment period, and more.

If you want assistance from a team with decades of legal experience, bring your financial crisis to our firm. Call (904) 478-9255 or contact us online today!

Here for You When You Need Us Most

At Edwards & Edwards, P.A., we offer same-day services and flexible scheduling because debt-related matters can be highly time-sensitive. We are responsive, client-focused, and strategic problem-solvers, using our 50+ years of experience to help you navigate multifaceted legal and financial crises. When you bring your case to our firm, you can trust us to deliver the highly effective counsel and representation you need, combined with the compassionate and personal attention you deserve.

Get in touch with us online or call us directly at (904) 478-9255 today.

The Sisters-at-Law are On Your Side

What Sets Us Apart
  • Over 50 Years of Combined Experience
  • Wide Range of Legal Services Available
  • Responsive to Client Communication
  • Sister-Owned Firm, Entirely Run by Women

What Our Clients are Saying

  • Both Amanda and Meghan are wonderful people and even better lawyers.

    “I would and have referred friends and family members to them, as I know they would not only take amazing care of them and their case, but would do so in a way that is straightforward to their client, and always in the best interest of their client!”

    - Jamie Kirschner
  • Extremely professional, very adept, knowledgeable, and timely with my case.

    “The best part was the genuine compassion she should me. Amanda and her firm made my experience through the case the best as possible and I couldn't have asked for anything more!”

    - Jon Radford
  • Very thankful for representing us.

    “Amanda represented our case with the utmost professionalism and compassion. She made our experience in dealing with our case go as smoothly as possible.”

    - Amanda Kinzey
  • Amanda Edwards was superb in court and kept the proceedings within the rule of law.

    “The entire proceeding was explained in non-legalese which made it easy to understand. Without reservation, I highly recommend her and her firm for any legal action you may need.”

    - Darrell Radford
  • Amanda Edward's is an excellent attorney.

    “Fully explained what to expect prior to the hearing. Kept the hearing within the tiles of law. Very thankful and highly recommended.”

    - Barbara R.

Results That Speak for Themselves

  • Accomplished Probate, Assisted Asset Liquidation Probate & Asset Liquidation

    An out-of-state client had a death in the family. Probate and liquidation of the estate were required.

  • Accomplished Probate, Assisted Asset Liquidation Probate & Asset Liquidation

    Edwards & Edwards handled the probate and liquidation of real estate holdings on behalf of an incarcerated client.

  • Handled All Legal Matters for Family Divorce, Business Partnership Agreement, Probate, & Trust

    Handled various legal matters for one family, including divorce, revision of their business partnership agreement, probate, trusts, and title and closing of multiple residences and assets.

  • Criminal Record Expunged & Custody Agreement Revised

    While retained for a custody matter, the client's criminal record was expunged, allowing for revisions to his custody agreement.

  • Stay of Foreclosure & Home Retained Foreclosure Defense and Bankruptcy

    The client was retained for foreclosure defense, but after initiating bankruptcy proceedings, foreclosure was stayed and the client was allowed to reorganize their finances and keep their home.

Don't Wait to Receive the Help You need We're Prepared to Help You with All of Your Legal Needs

Don't know where to start when facing a legal matter? Our experienced team of lawyers led by the Edwards sisters is here to assist you. Schedule a consultation with us to discuss your case.

Contact Us Today!