Practice Areas
Protecting Property Through Chapter 13 Bankruptcy
The Law Office Of Adam I. Skolnik, P.A. Fort Lauderdale
Chapter 13 bankruptcy is often the preferred option for individuals who want to protect their property while resolving serious financial challenges. Adam I. Skolnik, P.A. provides clear and focused legal guidance for clients seeking to use Chapter 13 as a structured path toward financial stability without giving up essential assets. While the firm is well known for its Chapter 11 services, it also represents individuals who need time and legal protection to reorganize debt while keeping their home, vehicle, and other personal property in Fort Lauderdale..
One of the primary benefits of Chapter 13 bankruptcy is the ability to stop foreclosure and repossession while catching up on missed payments over time. Once a case is filed, an automatic stay goes into effect, immediately halting creditor actions such as foreclosure proceedings, wage garnishments, and collection efforts. This protection allows clients to remain in their homes and maintain possession of their vehicles while working through a court approved repayment plan.
Chapter 13 repayment plans are based on income, necessary living expenses, and the type of debt involved. Past due mortgage payments, car loan arrears, tax obligations, and other priority debts can be paid gradually over a three to five year period. In many cases, unsecured debts such as credit cards and medical bills may be reduced or eliminated by the end of the plan. This structure provides predictability and control, replacing multiple creditor demands with a single manageable monthly payment.
Adam I. Skolnik, P.A. carefully reviews each client’s financial situation, including income, assets, debts, and long term goals. With experienced representation in Fort Lauderdale, Chapter 13 becomes a powerful tool for protecting property, maintaining stability, and moving toward lasting financial recovery.
How Chapter 13 Bankruptcy
Helps You Keep Your Property
Chapter 13 bankruptcy is a powerful option for individuals who want to resolve serious debt while keeping their property. Adam I. Skolnik, P.A. provides experienced Chapter 13 services for clients in Fort Lauderdale, Florida who need a structured solution that protects essential assets. Unlike liquidation based bankruptcy, Chapter 13 is designed for individuals with regular income who want to reorganize debt while maintaining ownership of their home, vehicle, and personal property.
One of the most important benefits of Chapter 13 bankruptcy is the immediate legal protection it provides. Once a case is filed, an automatic stay goes into effect that stops foreclosure proceedings, repossessions, wage garnishments, and most collection activity. This protection allows clients to remain in their homes and keep their vehicles while catching up on missed payments over time instead of facing sudden loss of property.
Chapter 13 repayment plans typically last three to five years and are based on income, necessary living expenses, and the type of debt involved. Past due mortgage payments, car loan arrears, tax obligations, and other priority debts can be paid gradually through a court approved plan. In many cases, unsecured debts such as credit cards and medical bills may be reduced or eliminated by the end of the repayment period. This structure replaces constant creditor pressure with one predictable monthly payment.
Adam I. Skolnik, P.A. carefully reviews each client’s financial situation to develop a realistic plan focused on protecting property and long term stability. With trusted Chapter 13 services in Fort Lauderdale, clients gain a clear path toward financial recovery while keeping what matters most.
Adam I. Skolnik Chapter 13 Bankruptcy Services Fort Lauderdale
Let's See if Filing Chapter 7, 11 or 13 is Right For You?
Keep Your Property
Chapter 13 bankruptcy allows individuals to keep important assets such as their home, vehicle, and personal property while catching up on past due payments. Instead of liquidation, debts are repaid over time through a structured plan based on income and affordability.
Stop Foreclosure And Repossession
Filing Chapter 13 immediately triggers an automatic stay that stops foreclosure, repossession, wage garnishments, and collection actions. This protection provides time to bring mortgage or car payments current while remaining under court supervision.
Affordable Monthly Payments
Chapter 13 reorganizes debt into a single monthly payment spread over three to five years. Payments are based on income and reasonable living expenses, making the plan manageable while resolving unsecured and priority debts in an orderly manner.
Standard Chapter 13 Plan
The standard Chapter 13 plan is used by most filers and lasts between three and five years. It allows repayment of secured debts such as mortgages and car loans while addressing unsecured debts like credit cards and medical bills through court approved terms.
Mortgage Arrears Chapter 13
This type of Chapter 13 focuses on catching up missed mortgage payments while continuing regular monthly payments. It is often used by homeowners facing foreclosure who need time to resolve past due balances without losing their property.
Tax And Priority Debt Chapter 13
Chapter 13 can be structured to manage priority debts such as tax obligations, child support, or alimony. These debts are repaid through the plan over time, helping filers regain financial control while remaining compliant with legal obligations.
Advantages of Chapter 13
Reorganization and Restructuring
Chapter 13 bankruptcy provides a structured and practical way for individuals to reorganize and restructure debt without losing their property. Instead of eliminating assets, Chapter 13 focuses on creating a court approved repayment plan that brings finances back under control while allowing individuals to continue meeting their everyday obligations. This option is especially effective for people with regular income who need time and legal protection to resolve accumulated debt.
Adam I. Skolnik, P.A. offers experienced Chapter 13 reorganization and restructuring services in Fort Lauderdale for individuals facing mounting financial pressure. Each case begins with a detailed review of income, monthly expenses, secured debts, unsecured balances, and priority obligations. This information is used to design a repayment plan that reflects real financial ability while addressing past due payments in an orderly and manageable way.
Through Chapter 13, secured debts such as mortgages and vehicle loans can be restructured to cure arrears over time while regular payments continue. Priority debts, including certain tax obligations and support payments, are organized into the plan to prevent further penalties or enforcement actions. Unsecured debts such as credit cards and medical bills may be reduced or discharged upon successful completion of the plan, easing long term financial strain.
Once filed, Chapter 13 provides immediate protection through the automatic stay, stopping collection efforts, lawsuits, garnishments, and creditor pressure. Monthly payments are consolidated into one court supervised payment, replacing multiple demands with a predictable schedule. This structured approach allows individuals to regain financial stability while maintaining ownership of essential assets.
With focused legal guidance from Adam I. Skolnik, P.A., Chapter 13 becomes a powerful tool for reorganizing debt, restoring balance, and building a sustainable financial future in Fort Lauderdale.
4 Steps To Filing Chapter 13 Bankruptcy with The Law Office of Adam I. Skolnik, P.A.
Step One
Financial Review
The Chapter 13 process begins with a full review of personal finances, including income, monthly expenses, assets, and outstanding debts. This step determines eligibility and helps establish realistic repayment expectations based on current financial circumstances.
Step Two
Plan Development
A structured repayment plan is created to address secured, unsecured, and priority debts. The plan outlines how missed mortgage payments, car loan arrears, taxes, and other obligations will be repaid over time.
Step Three
Chapter 13 Filing
The Chapter 13 petition is filed with the bankruptcy court, immediately activating an automatic stay. This stops foreclosure, repossession, wage garnishments, and collection actions while the case moves forward under court protection.
Step Four
Plan Confirmation
The repayment plan is reviewed by the trustee and approved by the court. Once confirmed, monthly payments begin, allowing the filer to remain current on obligations while working toward long term financial stability.
File Chapter 13 and Manage Your
Debt With Structured Payments
Chapter 13 bankruptcy is a legal option designed for individuals with regular income who need a structured way to manage debt while protecting important assets. In Fort Lauderdale, this option is often used by individuals who are behind on mortgage payments, car loans, taxes, or other secured debts and want to avoid foreclosure or repossession. The goal of Chapter 13 is to create a court approved repayment plan that allows debt to be repaid over time in a manageable and organized way.
The Law Office of Adam I. Skolnik provides focused Chapter 13 bankruptcy services in Fort Lauderdale for individuals seeking stability, asset protection, and long term financial relief. Each case begins with a thorough review of income, expenses, assets, and total debt to determine eligibility and build a realistic repayment plan. Once the case is filed, the automatic stay immediately stops collection efforts, wage garnishments, lawsuits, foreclosures, and repossessions while the repayment plan is put into place.
Chapter 13 services offered by The Law Office of Adam I. Skolnik include:
Chapter 13 Bankruptcy Filing And Case Management
Court Approved Repayment Plan Development
Foreclosure And Repossession Prevention
Debt Consolidation Through Structured Payments
Creditor Communication And Legal Filings
Ongoing Guidance Throughout The Chapter 13 Process
Filing Chapter 13 bankruptcy is a proactive step toward financial recovery rather than liquidation. For many Fort Lauderdale residents, it provides the opportunity to catch up on missed payments, protect essential assets, and regain control of monthly finances. With experienced legal guidance and a well structured repayment plan, Chapter 13 can offer a clear path toward long term stability, reduced stress, and renewed financial confidence.
