Bankruptcy

Debt, if not managed carefully, can become a serious problem to deal with. Nevertheless, if you are having problems paying off your debts, tired of receiving harassment calls from collectors, or living in fear of a foreclosure, you should know that you are not alone and there is help.

Depending on your situation, filing for bankruptcy in Florida may be the best solution to your predicament. Two of the most common filings that consumers chose when filing for bankruptcy are chapter 7 and chapter 13. Only a West Palm Beach bankruptcy attorney can determine whether filing a chapter 7 or a chapter 13 is needed and should be consulted first before any action is taken. A West Palm Beach bankruptcy attorney from our law office can provide you with the experienced legal help you are seeking. Contact us today to receive a free consultation.

With a chapter 7, most debt, such as credit card balances and medical bills, will be discharged, giving you a fresh financial start. However, in some cases, non-exempt property can be collected and sold to pay off creditors, resulting in a loss of personal property. This is why anyone who is considering filing for bankruptcy should consult with a West Palm Beach bankruptcy attorney who handles bankruptcy filings.

Chapter 13 is very different from filing a chapter 7. With a chapter 7, assets of the debtor will be collected and sold to repay creditors. A chapter 13 bankruptcy, on the other hand, is designed to give the debtor a chance to repay some of their debts under better terms while keeping many of their assets. Under the current bankruptcy laws, a person who files for a chapter 13 will given up to 5 years to repay some or all of their debts.

Bankruptcy can be a scary thought for many and an attorney from our law office can understand the frustration and worries that one can have when facing the possibility of bankruptcy. An attorney from our firm will be able to advise you of your legal rights and the best solution to your current situation.