Lauderhill Bankruptcy Lawyers
Bankruptcy is a word that has a negative connotation to many but it is just a guaranteed right for people to start fresh financially. Life is unpredictable and unforeseen situations can arise in which your finances can be drained. Bankruptcy is not something to be ashamed of, but rather a right that you have to better your overall financial picture.
However, bankruptcy can be a complicated procedure for individuals that are unsure of what they are doing. This is why it is highly recommended to look into the services of our experienced Lauderhill bankruptcy lawyers so that you can be sure you are making the right moves when filing.
There are often many avenues and decisions one can make when choosing to file for bankruptcy. It is much wiser to have someone behind you that knows exactly what they are doing to avoid causing further financial trouble for you down the road.
How Does the Bankruptcy Process Work?
At Loan Lawyers, we are proud to have over 100 years of combined experience in working with bankruptcy cases and representing individuals to help move them toward being financially stable again.
When you hire our team of Lauderhill bankruptcy attorneys, we will perform a comprehensive review of your finances, income, debt, and so forth to determine the best plan of action for your specific situation. If it is the right time to file for bankruptcy, we will advise under which chapter you should file under. We will then work with you and other third parties to make sure you correctly follow the bankruptcy application process, in addition to helping you reduce or eliminate your overall debt in the end. We will also make sure we help you to avoid foreclosure and repossessions of any assets or valuables. And, finally, we will help you to design a better way to manage your finances going forward.
Chapter 7 bankruptcy is designed for those that have a large amount of debt with little to no income.
Chapter 13 bankruptcy is designed for those that are not eligible to file under Chapter 7, but still have enough debt to restructure their payment terms. In this case, individuals are usually granted an extended timeline to repay their debts or they are granted reduced monthly payments to better fit their financial situation.
Chapter 11 bankruptcy is designed for those that have too high of a debt amount for Chapter 13 but do not qualify for Chapter 7. In most cases, this is typically business owners who have taken out a business loan and are struggling to repay it. However, individuals can file under this as well. It is usually a very complex filing process so it is highly advised to consult with a Lauderhill bankruptcy lawyer first before taking action.
Contact Our Lauderhill Bankruptcy Attorneys for A Free Consultation
If you are facing large amounts of debt and are feeling as though you cannot get caught up, it may be time to consider filing for bankruptcy. For more information, contact us and speak with our Lauderhill bankruptcy attorneys at 844-344-4813.