Chapter 13 Bankruptcy Attorney in Fort Walton Beach, FL
Stop foreclosure, save your home, and create a manageable 3–5 year repayment plan with experienced legal guidance.
Chapter 13 Bankruptcy — Reorganize Your Finances, Keep Your Assets
Chapter 13 bankruptcy, often called the "wage earner's plan," is a powerful legal tool for individuals with a regular income who want to repay their debts over time while keeping their property. Unlike Chapter 7, which discharges debt quickly, Chapter 13 involves a court-approved repayment plan lasting 3 to 5 years.
One of the most significant advantages of Chapter 13 is its ability to stop foreclosure and allow homeowners to catch up on missed mortgage payments over the life of the plan. If you are behind on your mortgage and at risk of losing your home, Chapter 13 may be the most important legal option available to you.
Chapter 13 is also valuable for individuals who do not qualify for Chapter 7 due to higher income, or who have assets they want to protect that exceed the available exemptions. The repayment plan is based on your disposable income after allowable expenses, making it tailored to your specific financial situation.
Attorney Shiraz A. Hosein has extensive experience guiding Fort Walton Beach residents through the Chapter 13 process. He will work with you to develop a realistic repayment plan, negotiate with creditors, and represent you at every stage of the process — from the initial filing through the final discharge.
Free Consultation
Speak directly with Attorney Hosein about your situation. No obligation, no judgment.
(850) 863-4064Send a Message909 Mar Walt Drive, Suite 1014, Fort Walton Beach, FL 32547
Key Benefits
Stop Foreclosure Immediately
The automatic stay halts foreclosure proceedings the moment you file, giving you time to catch up on missed payments.
Save Your Home
Catch up on mortgage arrears over 3–5 years while continuing to make current payments.
Keep All Your Assets
Unlike Chapter 7, Chapter 13 allows you to keep non-exempt assets by paying their value through the plan.
Manage Car Payments
Catch up on missed car payments and potentially reduce the interest rate or principal on your auto loan.
Discharge Remaining Debt
After successfully completing your repayment plan, most remaining unsecured debt is discharged.
Structured & Predictable
A single monthly payment to the trustee covers all your creditors, simplifying your financial life.
Who May Qualify
- You have a regular income (employment, self-employment, Social Security, rental income, etc.)
- Your secured debts do not exceed $1,395,875 and unsecured debts do not exceed $465,275 (current limits)
- You are behind on your mortgage and want to save your home from foreclosure
- You have assets you want to keep that exceed the Chapter 7 exemption limits
- Your income is too high to qualify for Chapter 7 under the means test
- You have not had a bankruptcy case dismissed in the past 180 days for failure to comply with court orders
The Process
Free Consultation
Review your income, debts, and assets with Attorney Hosein to determine if Chapter 13 is right for you.
Plan Development
Attorney Hosein develops a proposed repayment plan based on your income and allowable expenses.
Filing & Automatic Stay
Your petition is filed and the automatic stay immediately stops all collection actions, including foreclosure.
341 Meeting
Attend a brief meeting of creditors with Attorney Hosein present to represent you.
Plan Confirmation
The bankruptcy court reviews and confirms your repayment plan, typically within 45 days of filing.
Plan Completion & Discharge
After 3–5 years of plan payments, remaining eligible debts are discharged.
Frequently Asked Questions
Ready to Take the First Step?
Contact Attorney Shiraz A. Hosein today for a free, confidential consultation. Serving Fort Walton Beach, Destin, Niceville, and all of Okaloosa County.