Miami – Kendall – Aventura (305) 891-4055
Free Initial Consultation
Miami Bankruptcy Attorney Jordan E. Bublick has been a practicing chapter 7 and 13 bankruptcy lawyer for over 25 years in the Miami area. With the complexity of today’s world, even the “simplest” of bankruptcy cases can present a broad range of issues that need to be reviewed properly by an experienced bankruptcy lawyer. A case may present issues such as valuation, exemptions, income, expenses, budget, “means test” and “lien stripping” of mortgages.
Chapter 13 Bankruptcy
Chapter 13 gives a person the opportunity to work with their bankruptcy lawyer to formulate a chapter 13 plan to reorganize their debt, including mortgages, association liens, property taxes, income taxes, and credit card debt under a 3 to 5 year chapter 13 plan of reorganization. Also, chapter 13 is used by those for whom chapter 7 is not appropriate, usually those with a significant amount of non-exempt property or those who do not “pass” the chapter 7 “means test.”
Chapter 7 Bankruptcy
Chapter 7 is usually used by individuals with little non-exempt property and lower incomes. But sometime persons who qualify for chapter 7 need to file a chapter 13 case as it offers the person the have needs that chapter 7 cannot provide – such as the need to modify their their mortgage or can loan or payoff IRS debt over time.