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Thinking About Chapter 13 Bankruptcy in Florida? Here Are 10 Must-Know Facts for 2025!

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For many Floridians dealing with excessive debt, Chapter 13 bankruptcy provides an alternative to Chapter 7. Known as a wage earner's plan, Chapter 13 allows individuals with regular income to reorganize their debts and repay them over time. Before deciding if it's right for you, it's important to understand how it works—especially in Florida. Here are the top 10 facts about Chapter 13 bankruptcy in Florida you should know in 2025: 1. Chapter 13 Helps You Keep Your Assets Unlike Chapter 7, where some assets could be liquidated, Chapter 13 allows you to keep your property, including your home and car, as long as you make regular payments under a court-approved repayment plan.  2. It Involves a 3 to 5-Year Repayment Plan In Chapter 13, your debts are reorganized into a repayment plan that lasts three to five years, depending on your income level. Over this time, you pay creditors using your disposable income. 3. It's Perfect for Stopping Foreclosure Chapter 13 in Florida ...
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Why Hire a Mortgage Foreclosure Defense Attorney? Top 5 Reasons

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While facing foreclosure can be taxing, you are not alone in this process. A Florida foreclosure defense attorney can guard your rights and offer legal plans to save your house. Below are the five main reasons hiring a foreclosure defense attorney makes sense. 1. Professional Advice on Foreclosure Statues State-by-state variations in foreclosure rules might be confusing. Knowing these rules, a mortgage foreclosure defense attorney can clearly explain your alternatives. They can find out whether your lender followed legal processes and whether any infractions might benefit you. 2. Negotiation for Loan Modifications Many homeowners are unaware they might be eligible for a loan modification. A lawyer can bargain with your lender to cut your monthly payments, lower your interest rate, or stretch your loan term. This will enable you to keep your house and escape bankruptcy. 3. Guard Against Unfair Lending Practices Sometimes, lenders force homes into foreclosure using unethical or illegal m...
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Location: Florida, USA
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