Sunrise Bankruptcy Lawyers
Many people tend to feel embarrassed or ashamed when they come to the realization that they need to file for bankruptcy. However, the truth is that there are millions of people that file for bankruptcy every year to help get them back on their feet financially. This is the perfect option for those who can no longer afford to pay their bills and want to get on the path to financial freedom.
The Bankruptcy Process
Filing for bankruptcy is a complex process that is difficult for the average individual to understand and navigate. When you are considering filing for bankruptcy, the first step is to contact an experienced Sunrise bankruptcy lawyer. A Sunrise bankruptcy law firm will be able to help you file under the right chapter for bankruptcy, keep your valuables and assets, and help you manage your bills and payments in a more feasible manner.
Loan Lawyers is your go-to source for all things related to bankruptcy. One of our bankruptcy attorneys in Sunrise will have a free initial consultation with you to determine if bankruptcy is the best option for your specific situation. Often, we have been able to:
- Help our clients increase their overall financial picture dramatically
- Save their valuables and assets, such as their homes and properties.
- Reorganize their debt through bankruptcy applications
There are a variety of ways to restructure one’s debt, and Loan Lawyers is experienced with all of these ways. Some of the most common ways include:
- Eliminating any second mortgages
- Requesting and completing modifications to current mortgages and loans in bankruptcy court
- Helping to decrease investment properties to the current market value
Since bankruptcy can be quite a complicated process, we tend to receive a ton of questions that our team of Sunrise bankruptcy attorneys will be able to assist with when we meet with you to discuss your options. For example, we can help answer and advise on questions such as: Can I file an individual bankruptcy if I am married? How long does the overall process take? What types of debts can be discharged? What types of bankruptcy can I file for?
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is one of the more common avenues that individuals tend to file under. Chapter 7 bankruptcy allows you to get rid of almost all of your debt and get a fresh start financially within a short period of time. However, not everyone is able to file under this type of bankruptcy chapter. You will have to take part in what is called a “Means Test” to determine if you are eligible to file under Chapter 7.
If you do qualify for Chapter 7, you have the ability to eliminate debts such as medical bills, credit card debt, repossessions, collection agency debt, wage garnishment, and even student loans in some cases.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy has the main goal of restructuring one’s debt to create a more reasonable and manageable plan for repayments and bills. So, while you are unable to receive full debt forgiveness, you can receive some leniency and time to get back on track with your payments and bills. You are usually able to spread out your payments over the course of a few years – typically five years – to help make your payments more affordable.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is mostly used for business owners that have fallen behind in business loans and payments. Individuals can file under this as well, but is typically the last option if they do not pass the Means Test for Chapter 7 and their debts are much higher than Chapter 13 allows for.
Why Should You Hire Our Sunrise Bankruptcy Lawyers?
Our team of Sunrise bankruptcy attorneys consists of over 100 years of combined experience. We have helped thousands of individuals make their way out of debt quickly. Our skilled bankruptcy attorneys handle every aspect of the bankruptcy process so that you can ensure you have experts handling your case.
We know exactly when the right time is to file for bankruptcy. For instance, there may be some cases where it is best to file for bankruptcy immediately while it may be best to wait for a period of time in other cases.
At Loan Lawyers, you can maintain a peace of mind that we will only provide the best legal advice and guidance to help get you out of debt as quickly as possible.
Contact Our Sunrise Bankruptcy Attorneys for Your Free Consultation Today
If you are debating whether or not to file for bankruptcy, or if you want to weigh out your options when it comes to handling your debt, contact our Sunrise bankruptcy attorneys today for a free consultation. Give us a call at 844-344-4813.