If you have found yourself struggling to repay your debt and are unable to see yourself getting out of debt anytime soon, you may want to consider the option of filing for bankruptcy.
Our experienced team of bankruptcy lawyers has over 100 years of combined experience in finding the best debt relief solutions for individuals throughout the South Florida region – including helping individuals through the process of bankruptcy no matter what their financial situation entails.
When you file under Chapter 7 for bankruptcy, you are typically able to have all of your debt dismissed with a certain amount of time. In addition, creditors are legally restricted from contacting you once you have been approved for filing under this chapter. Most persons who file under this chapter are permitted to keep the rights to their assets, such as their home or car.
When you file under Chapter 13 bankruptcy, you will usually have a court-approved payment plan where the terms have been adjusted to benefit the person who is repaying their debt. For instance, you could receive an extended time period of five years to repay your debt. You may also receive a lower total amount of debt that you must repay. It all depends on your specific situations and what your creditors agree upon.
Bankruptcy and Foreclosure
When you are facing a potential foreclosure, bankruptcy is often a good way to retain the rights to your home and prevent the foreclosure from moving forward. Most foreclosures are automatically paused until bankruptcy terms have been settled.
Your Trusted Pinecrest Bankruptcy Attorneys
Bankruptcy was designed to help those who are struggling financially to get a fresh start and regain control of their finances. At Loan Lawyers, we know how stressful it can be when facing a massive amount of debt and not being able to see the light at the end of the tunnel. We know that situations can arise that we have no control over that require a large amount of funds, potentially drowning individuals into debt. Our bankruptcy lawyers have the knowledge and skillsets required to help you determine the best time to file for bankruptcy and the best chapter to file under depending on your specific financial picture.
Don’t let your debt keep building up. Be proactive, and contact our experienced bankruptcy law firm today.
For more information from our Pinecrest bankruptcy lawyers, please contact us at 954-523-HELP (4357) today.