Mara & Mara

Volusia County Chapter 13 Bankruptcy Attorneys

Legal help with debt repayment for Florida individuals and families

For people in financial trouble who have steady, stable income, a Chapter 13 bankruptcy can be a very powerful tool. Mara & Mara, Attorneys at Law guides financially struggling clients and helps get them back on sound financial footing without fear or confusion.

Chapter 13 bankruptcy was designed for people with regular incomes that are insufficient to cover their debts. Under Chapter 13, a person’s debt is consolidated and the debtor pays back a percentage of the debt over three to five years. The repayment plan is overseen by a court-appointed trustee.

Preserving your assets under Chapter 13

Mara & Mara, Attorneys at Law may help by providing the following services:

  • Save your house from foreclosure or from a pending foreclosure sale. (You must file for Chapter 13 bankruptcy before the sale date in order to keep your house.)
  • Prevent the repossession of your car, truck, motorcycle or boat. (You must file for Chapter 13 bankruptcy before the repossession in order to keep the asset.)
  • Stop garnishment of your wages.
  • Remove a second mortgage or home equity line of credit (HELOC) from your house, condominium or townhome.
  • End harassing creditor phone calls, letters and threats.
  • Keep your house, property, condo or townhome from being sold at auction through a tax sale, also known as a tax deed sale, tax certificate sale, tax lien sale or tax lien certificate. (You must file for Chapter 13 bankruptcy before the sale date in order to keep your property.)
  • “Cramdown” the payments you make on your vehicle through the Chapter 13 plan, so that you pay the fair market value of your vehicle, which, in many instances, may be several thousand dollars less than what you owe on it.

After the successful completion of all payments in your Chapter 13 plan, all of your remaining unsecured debt is wiped out, just as in a Chapter 7 bankruptcy. You own your car, truck, motorcycle or boat free of all liens; you have no more arrearages on your home mortgage; and you are deemed current.

Timing of a Chapter 13 bankruptcy filing is critical; delays can result in foreclosure and repossessed assets. Please schedule a consultation with an attorney at our Ormond Beach office to determine whether a Chapter 13 bankruptcy or other option is the right fit for your unique situation.

Our lawyers are on your side

The federal bankruptcy courts in Orlando and Jacksonville can direct your lender to mediate with you for a mortgage modification within the Chapter 13 context, if the debtor meets certain qualifications. Homeowners and bank representatives meet with a neutral mediator to review the financial situation, explain the delinquency and possibly work out a plan for restructuring the loan payments.

Your lawyer at Mara & Mara analyzes if debtors qualify for mediation within the Chapter 13 context and work diligently on your behalf. We represent homeowners during this process, ensuring deadlines are met and an accurate financial picture is presented. We help negotiate a payment that both sides can accept.

Call an experienced Chapter 13 bankruptcy attorney serving Ormond Beach & Daytona Beach

Contact Mara & Mara, Attorneys at Law for a Volusia County attorney who wants what is best for you. We are here to help. From our welcoming office in Ormond Beach, our Chapter 13 bankruptcy attorneys serve clients in the central Florida counties of Baker, Brevard, Citrus, Columbia, Duval, Flagler, Lake, Putnam, Seminole, Sumter, Union, Volusia and the surrounding areas.