Reasons for filing Chapter 13

People who file Chapter 13 do so because they either earn more than the “median” income (about $74, 000 for a family of 4 in Florida), they want to “catch up” on their mortgage payment, or they want to keep certain assets that are not protected by the law.

In a Chapter 13, Brian K. McMahon works with clients to come up with a payment plan. A lot of people misconstrue that Chapter 13 requires individuals to pay back all of their debt. Rather, Chapter 13 requires payments of what individuals can afford to pay.

Call our office to get a free consultation on what works best for you 561-478-2500.

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