• Legal Rights
    Life has restart button
  • Legal Rights
    Life has restart button

Click to Call or Text

Call Us

Benenati's blog

Bankruptcy Court and Sequestration

Central Florida Bankruptcy Law Firm Helps Clients Understand Effects of Sequestration

It is an uncomfortable feeling to be uncertain about one’s future. For many Americans undergoing the process of filing for bankruptcy, uncertainty is very likely what they will be experiencing for some time to come. Sequestration, or the long-term cuts to different areas of the US Government, is most likely going to cause both court services and the resolution of civil and criminal cases to become delayed and backlogged, creating more stress in an already stressful situation.

Chapter 13 is the best way to save your home

A recent study regarding saving your home and the different alternatives available including bankruptcy came to the conclusion that most bankruptcy attorneys in Orlando, FL already knew. Chapter 13 bankruptcy is probably the best way to save your home. At the very least the study showed when compared with homeowners who did not file, debtors who filed for bankruptcy were able to stay in their homes for, on average, almost 28 additional months, over two years.This figure includes those who ended up losing their homes.

Should I Keep My House or Let it Go in the Bankruptcy?

When clients come in to my office to file bankruptcy in Orlando or my offices in Kissimmee or Clermont, often times they ask me whether it is in their best interest to save their home. Usually the home is several months behind in payments. And yes there is a particular kind of bankruptcy - a Chapter 13 which enables you to (1) catch up your payments in your home; (2) modify your first mortgage to 31% of your gross income, and (3) even eliminate the second mortgage on your home. Nevertheless, most people have an emotional attachment to their home and I understand it.


Law Offices of Walter F. Benenati: Bankruptcy Attorney

Our Office Locations

Orlando Office
2702 East Robinson Street
Orlando, Florida 32803

Kissimmee Office
624 Patrick Street
Kissimmee, Florida 34741