Krasker Law Student Loans

Paul A. Krasker, Esq. founded the Law Office of Paul A. Krasker, P.A. on July 1, 2009 and previously was a name sharehold within the commercial department of the law firm of Moyle, Flanigan, Katz, Breton, White & Krasker, P.A. in West Palm Beach. Mr. Krasker practices in the areas of real property, business and general corporate law. His corporate practice centers on counseling businesses on entity...

Chapter 13 Bankruptcy

One of the other common personal bankruptcy filings is Chapter 13 bankruptcy.  The aim of Chapter 13 bankruptcy is not to completely wipe out the debts, but to create a payment plan with the debtors.  This repayment is usually within a 3 to 5 year period of time.  The amount of the payment and the length of time that payment will be required, is completely up to the Court, based on factors such as income, expenses and property.  It is an attractive option to those individuals who are interested in retaining their non-exempt property.  This is also a possible option for a person who fails the “means test” for Chapter 7 bankruptcy, meaning it is determined that the individual has the income means to make payments toward his or her debts.

A bankruptcy attorney can help individuals navigate this sometimes complicated, process.  It is important to seek help from knowledgeable professionals in matters of bankruptcy, in order to ensure receive accurate information about all options.

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