Expert Chapter 13 Bankruptcy Lawyer in Miami - Lacayo Law Firm

lacayo law legal team
lacayo law attorneys team

Why Choose Lacayo Law Firm for Chapter 13 Bankruptcy?

Understanding Chapter 13 Bankruptcy in Miami

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, also known as a "wage earner’s plan," allows individuals with a regular income to develop a repayment plan to pay off their debts over three to five years. This type of bankruptcy helps you reorganize your finances while protecting your assets from liquidation.

Eligibility for Chapter 13 Bankruptcy

To qualify for Chapter 13 bankruptcy, you must have a stable income and unsecured debts below $419,275 and secured debts below $1,257,850. Our attorneys will help determine if you meet the eligibility requirements and guide you through the filing process.

The Chapter 13 Bankruptcy Process

The Chapter 13 bankruptcy process involves several key steps:


  1. Filing the Petition: Submitting the necessary forms and documents to the bankruptcy court.
  2. Automatic Stay: An automatic stay halts all collection actions, providing immediate relief.
  3. Credit Counseling: Completing a mandatory credit counseling session from an approved agency.
  4. Developing a Repayment Plan: Creating a plan to repay debts over three to five years.
  5. Confirmation Hearing: Presenting the repayment plan to the court for approval.
  6. Plan Implementation: Making regular payments to a bankruptcy trustee who distributes the funds to creditors.

Benefits of Filing for Chapter 13 Bankruptcy

Protection of Assets


Chapter 13 bankruptcy allows you to retain your home, car, and other essential assets while repaying your debts. This protection provides stability and peace of mind during the repayment period.


Consolidation of Debts


Filing for Chapter 13 bankruptcy consolidates your debts into a single monthly payment, simplifying your financial obligations and making it easier to manage your finances.


Reduction of Debt


Through Chapter 13 bankruptcy, you may be able to reduce the overall amount of debt you owe. Unsecured debts that cannot be fully repaid during the repayment period may be discharged.


Stopping Foreclosure and Repossession


Chapter 13 bankruptcy stops foreclosure and repossession actions, allowing you to catch up on missed payments and keep your property. This breathing room can be critical in stabilizing your financial situation.

How Lacayo Law Firm Can Help You Through Chapter 13 Bankruptcy

Detailed Financial Assessment

We conduct a comprehensive assessment of your financial situation, including your income, expenses, debts, and assets. This analysis helps us create a tailored repayment plan that fits your budget and meets legal requirements.

Development of a Feasible Repayment Plan

Our attorneys work closely with you to develop a realistic repayment plan that addresses your debts while allowing you to maintain your standard of living. We ensure the plan meets court approval and provides a clear path to financial recovery.

Representation in Court

We represent you at all court hearings, including the confirmation hearing for your repayment plan. Our goal is to advocate for your interests and ensure the smooth approval and implementation of your Chapter 13 plan.

Ongoing Support and Guidance

Throughout the repayment period, we provide ongoing support and guidance, helping you stay on track with your payments and address any issues that arise. Our commitment is to help you achieve long-term financial stability.

Post-Bankruptcy Financial Planning

After completing your Chapter 13 repayment plan, we offer advice on rebuilding your credit and managing your finances. Our aim is to help you make the most of your fresh start and avoid future financial difficulties.

Frequently Asked Questions About Chapter 13 Bankruptcy in Miami

How does Chapter 13 bankruptcy differ from Chapter 7 and Chapter 11?

Chapter 13 bankruptcy focuses on reorganizing debts and creating a repayment plan for individuals with a regular income, unlike Chapter 7 which involves liquidation, and Chapter 11 which is typically used by businesses for reorganization.

Can I include all my debts in a Chapter 13 bankruptcy?

Most types of debts can be included in a Chapter 13 repayment plan, including secured debts (like mortgages and car loans) and unsecured debts (like credit card bills and medical expenses). However, certain debts, such as student loans and alimony, are not dischargeable.

How long does the Chapter 13 bankruptcy process take?

The repayment period in Chapter 13 bankruptcy typically lasts three to five years. The overall process, from filing to discharge, can vary based on individual circumstances and court schedules.

Will Chapter 13 bankruptcy affect my credit score?

Filing for Chapter 13 bankruptcy will impact your credit score, but it also provides an opportunity to rebuild your credit. Successfully completing your repayment plan and managing your finances responsibly can improve your credit over time.

Can I modify my Chapter 13 repayment plan if my financial situation changes?

Yes, if you experience a significant change in your financial situation, such as job loss or medical expenses, you can request a modification of your repayment plan. Our attorneys will assist you in filing for adjustments with the court.

Contact Lacayo Law Firm Today for a Free Consultation


Take Control of Your Financial Future


If you're facing overwhelming debt and considering Chapter 13 bankruptcy in Miami, contact Lacayo Law Firm today for a free consultation. Our experienced attorneys are here to help you navigate the bankruptcy process and create a path to financial stability.


Call Us Now


Call us  to speak with one of our skilled Chapter 13 bankruptcy lawyers. We are available 24/7 to assist you.


Visit Our Office


Visit us to discuss your case in person. We welcome walk-ins and scheduled appointments.


Fill Out Our Online Form


Fill out our form for a prompt response from our legal team. We will review your information and get back to you as soon as possible.

At Lacayo Law Firm, we are committed to providing top-tier legal representation for individuals and families facing Chapter 13 bankruptcy in Miami. Our experienced team is here to support you every step of the way, from the initial consultation to the successful completion of your repayment plan. Don’t hesitate to contact us for a free consultation and take the first step towards securing your financial future.

Client Testimonials

Samantha J. – Chapter 13 Bankruptcy Client

"Lacayo Law Firm helped me create a manageable repayment plan through Chapter 13 bankruptcy. Their guidance and support were invaluable in getting my finances back on track."

Carlos R. – Chapter 13 Bankruptcy Client

"The attorneys at Lacayo Law Firm provided exceptional service during my Chapter 13 bankruptcy. Their expertise made the process smooth and stress-free. I highly recommend their services."

Maria T. – Chapter 13 Bankruptcy Client


"Facing overwhelming debt was daunting, but Lacayo Law Firm guided me through the Chapter 13 process and helped me regain financial stability. Their personalized approach made all the difference."

Artículos & New Feeds

At What Age Can Kids Sit in the Front Seat of a Car in Florida?

When it comes to ensuring the safety of children in vehicles, understanding the legal requirements and safety recommendations is crucial. In Florida, the laws and guidelines regarding the appropriate age for children to sit in ...
Read More

8 Things You Should Know About a Free Lawyer Consultation

1. What is a Free Lawyer Consultation? A free lawyer consultation is an opportunity to discuss your legal issues with an attorney at no initial cost. At Lacayo Law Firm, we offer these consultations to ...
Read More

7 Reasons to Hire a Traffic Ticket Attorney

Facing a traffic ticket can be more than just a minor inconvenience. Beyond the immediate fine, you risk accruing points on your license, increased insurance premiums, and a lasting mark on your public record. To ...
Read More
miami homicide lawyer

Miami Homicide Lawyer: Defense Expertise with Lacayo Law Firm, P.A.

Facing homicide charges in Miami, FL, presents a daunting challenge with severe consequences. Navigating the complex legal system requires not just any lawyer, but a dedicated Miami homicide lawyer with a deep understanding of both ...
Read More
personal injury lawyer advice

Maximizing Compensation for Personal Injuries: Legal Options

Personal injuries can happen to anyone at any time, often causing physical, emotional, and financial burdens. When such injuries occur due to the negligence or wrongdoing of another party, seeking compensation becomes crucial. This article ...
Read More
Traumatic Brain Injury Lawyer

Traumatic Brain Injury Lawyer in Florida: Expert Guide

Traumatic Brain Injury (TBI) is a complex medical condition that can have profound effects on a person's life. It often requires not just medical attention, but also legal expertise. This is where a Traumatic Brain ...
Read More

The Firm

At Lacayo Law Firm, P.A. we know the value of protecting our families and our community. Founded by brothers Gilbert and Christian, who have spent more than a decade each in the legal field, we aim to provide balanced, complete representation on a wide variety of matters.

Contact Info

  • 6505 Blue Lagoon Dr. Suite 105, Miami, FL 33126

  • (786) 671-4878