5201 Blue Lagoon Drive, Suite 923
Miami, Florida 33126


(305) 266-5999   Telephone
(305) 265-6223   Facsimile
law@sagrelawfirm.com
A Bankruptcy Law Firm dedicated to fresh starts and new beginnings......
Free Consultations
(305) 266-5999
Free Consultations
(305) 266-5999
Why choose us:

12 Years of Bankruptcy Experience in
South Florida

Free Consultations with the Attorney

Practising law since 2002

Low Fixed Rate Bankruptcies
Available in Most Cases

Payment Plans up to Six Months

Low Down Payment Required

Emergency Filing Available in as Little
as One Day

Sagre Law Firm, P.A.
5201 Blue Lagoon Drive #923
Miami, Florida 33126
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Privacy Policy
We are a debt relief agency. We help people file for bankruptcy under the bankruptcy code.
Sagre Law Firm, P.A. is a Debt Relief Agency. We practice in Chapter 7 and Chapter 13
Bankruptcy, Foreclosure Defense and Debt Relief. The Lawyer can file your bankruptcy case in
Medley, Hialeah-Miami Lakes, Aventura, Ft. Lauderdale, Pinecrest, Lauderhill, Perrine,
Plantation, Tamarac, Weston, Key West and other cities around South Florida, Miami-Dade,
Broward and Monroe County.
..... in His service.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy, also known as an “individual reorganization”, is appropriate
for use in the following three situations.  
  

The first situation is when an individual is facing a foreclosure sale and is going to
lose their home.  In this situation, a Chapter 13 bankruptcy may allow you to keep
your home, cancel the foreclosure sale, and repay the past due amount on the
mortgage over a period of sixty months. Chapter 13 offers many excellent
opportunities to potentially remove second and third mortgages and reduce the
principle owed on non-homestead real property and automobiles that are upside
down in value.

The second situation is when you own property that is not exempt, and you want to
keep the property, but do not have the money to pay a lump sum to a Chapter 13
Trustee. In this situation, the Chapter 13 bankruptcy may allow you to pay the value of
the non-exempt asset over a 36-60 month period.  As an example, you own an
automobile that is fully paid, and is worth $10,000.00 . You have $85,000.00 in credit
card and medical bills. In a Chapter 7 bankruptcy, you would have to pay the Chapter
7 Trustee a lump sum of approximately $9,000.00 in order to keep the car.   However,
in a Chapter 13 bankruptcy, you may be able to pay the Trustee $150.00 per month
for 60 months and discharge the $75,000.00 in unsecured debt.   

The third situation is if your monthly income exceeds the amount allowed under the
means test. In this case, you would not be allowed to file a Chapter 7 bankruptcy and
would have to file a Chapter 13 bankruptcy.  Pursuant to the changes in the
bankruptcy laws that became effective in October of 2005, your monthly income
determines the type of bankruptcy you can file if you have primarily consumer debts.

The attorney is available to answer any questions you may have. Contact us at
(305) 266-5999 for your Free Chapter 13 Bankruptcy Evaluation. The Lawyer can help
you file your Chapter 13 Bankruptcy Case in Miami Dade, Broward and Monroe
County.