CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How does the general process of a Chapter 13 Bankruptcy work for an individual?

Transcription:

Hi, I’m attorney Robert Geller. I am a board certified consumer bankruptcy attorney. Today I want to talk to you about the general process of how a chapter 13 bankruptcy works for an individual.

The first step is a consultation with a bankruptcy attorney. During this consultation, we’ll go over your options and determine if you should file a chapter 13 bankruptcy with our office. My staff will assist you. They’ll help you get through your homework, meet with you by phone or by video, and assist you each step of the way to make sure you get your homework done. You’ll need to gather and submit to use your pay stubs and your tax returns. There’s also an online worksheet to complete and an online class. We’ll help you get through it.

Once your homework is done, our firm uses our 30 years of experience to file your chapter 13 case. We prepare all of the documents – there are about 60 pages worth – that need to be filed with the court. You’ll review all of your information with a paralegal in our firm and then you will meet with an attorney in the firm. There will be another review of your paperwork and the attorney will come up with your payment plan. Then your case gets filed electronically. There’s no need to go to the courthouse.

Once it’s filed electronically, all your creditors are notified that you filed for bankruptcy.

Next, in the past at least, you’d go to the courthouse. But this is no longer the case because of the pandemic. You get to go to court by phone. We’re on the phone call with you to protect you and to answer your questions. The call takes about 15 to 30 minutes. Beforehand, we’ll fully prepare you before the call. You’ll know all the questions and feel good about what to expect. That’s really the only time in a chapter 13 you have to go to court.

The next major step is to begin making your plan payments for anywhere between three and five years. The first plan payment is due 30 days after you file and you have to make your payments every month thereafter. During that time, you’ve got to communicate with your attorney. You should notify your attorney:

  • If your income changes
  • If you want to borrow money
  • If you sell anything or transfer anything
  • If you have any lawsuits or claims against anyone

You also need to make sure you pay your income taxes on time.

After three to five years of making payments, you’re going to get your bankruptcy discharged. We’re going to call you and congratulate you.

And most of all, we’re going to assist you with rebuilding your credit.

Our firm has been offering a great program to clients for the last six or seven years that assists you with rebuilding your credit. It’s called seven steps to 720. We’re going to sign you up for it. It takes about three months to do and requires a commitment of about 15 to 30 minutes a week. If you complete the program, you’re going to see that your credit score is going to increase. You can expect that your credit score will get back up to a 720 in 12 to 24 months after filing bankruptcy.

Lastly, we’ll get a copy of your credit report. You’ll need to schedule an appointment with our office to review your credit report. About 25% of the credit reports are not accurate after filing bankruptcy. So we want to make sure your credit report is accurate so that you can rebuild your credit again.

I’m attorney Robert Geller. I want to help you build a bridge to a brighter future. If you have any questions about chapter seven, 11 or 13, give us a call or feel free to message us on Facebook.

Video Testimonials

Tampa Bankruptcy Law Blog

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions