Bankruptcy offers individuals the chance to obtain a fresh financial start. How quickly they can get that start depends on which type of bankruptcy they file: Chapter 7 or Chapter 13. The compassionate and knowledgeable bankruptcy lawyers at Seltzer Mayberg, LLC, help individuals explore their debt relief options and guide them toward the best solution for their unique situations and needs. We are happy for the opportunity to do the same for you.
Whereas Chapter 7 bankruptcy, also known as liquidation bankruptcy, completely eliminates most types of unsecured debts, Chapter 13 restructures obligations to make it easier for debtors to repay them. At the beginning of the bankruptcy, the debtor will propose a repayment plan that details how much he or she can afford to pay creditors each month. If the judge approves the arrangement, the debtor will make payments to the bankruptcy trustee each month for a period of between three and five years. The trustee decides how to distribute the funds to creditors and which of them take priority. After the bankruptcy term is up, the judge will discharge any remaining debt.
While some people want to be debt-free right away, there is ample reward in remaining patient and going the repayment route. The top benefits of electing to file for Chapter 13 over Chapter 7 are as follows:
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The right bankruptcy attorney can go a long way toward ensuring the success of your case and to put your mind at ease. If you are swimming in debt and want to get above water without losing your home and other assets, call the team at Seltzer Mayberg, LLC, at 305-444-1565 to see if Chapter 13 is right for you.
David worked hard in getting me the best results possible. My case wasn’t an easy situation but with David’s help I was able to reach the best possible results.
Mr. Mayberg is an excellent lawyer. Very knowledgeable. Won my case. I am very grateful I found him and most of all I'm grateful the way he kept in touch with me about my case. Always took my calls or returned them right away showing that he doesn't just care about the money but also cares about your concerns.
David Seltzer is probably the most easy going attorney I had ever met. All I went through was clearly explained from our first meeting. I have been updated often about my case process and the outcome was very positive. If you need an attorney who speaks to you like a normal person, that answers your text and emails when you have questions, David is the one. Thank you again!
David Seltzer is probably the most easy going attorney I had ever met. All I went through was clearly explained from our first meeting. I have been updated often about my case process and the outcome was very positive. If you need an attorney who speaks to you like a normal person, that answers your text and emails when you have questions, David is the one. Thank you again!
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