Miami Bankruptcy Lawyers

Bankruptcy Attorneys in Miami

When people hear the word ‘bankruptcy’, they typically think it is associated with shame or embarrassment. However, it is exactly the opposite. As part of our rights as a citizen living in the United States, every individual has a right to file for bankruptcy in order to achieve a fresh start financially. At Loan Lawyers, our team of Miami bankruptcy lawyers can help you get a fresh financial start.

Understanding The Bankruptcy Code

Filing for bankruptcy in Miami can be a complicated process. At Loan Lawyers, our main objective is to guide our clients through this process and obtain the best outcome. We have helped thousands of people in Miami bankruptcy cases and our attorneys are fully dedicated to looking out for a clients’ best interests.

At Loan Lawyers, we provide free consultations and our team of Miami bankruptcy lawyers can help by protecting homes, investment properties, and other assets in addition to reshuffling debts. In regards to debt reshuffling, our bankruptcy attorneys in Miami can provide solutions such as mortgage loan modifications and even the elimination of second mortgages.

Our Miami bankruptcy attorneys have handled a variety of bankruptcy cases in Miami and through South Florida over the years.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy in Miami is extremely common and is easily the least complex types of bankruptcy filings. With the assistance of bankruptcy lawyers in Miami,  a successful chapter 7 bankruptcy case can potentially remove a substantial portion of your debts in a fairly quick process. However, not everyone is eligible for Chapter 7 bankruptcy in Miami. To qualify, you will have to go through what is a called a ‘Means Test’ and this test looks at your income and your expenses to determine if you are eligible.

Our Miami bankruptcy attorneys have been able to help our clients in chapter 7 bankruptcy cases by eliminating legal fees, medical bills, credit card debt, debts from collection agencies, and even student loan debts/

Trying to manage a chapter 7 bankruptcy case on your own is not advisable. Contact us and speak with our Miami bankruptcy attorneys for more information on how we can help.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy mostly involves modified repayment plans rather than a full elimination of debts. With Chapter 13, you are able to restructure your loan and save your valuable assets.

Typically, you’ll receive an extended timeline of five years to repay your loans. With this additional five years, you are able to spread out your payments and get caught up for the payments you may have missed.

Chapter 13 is a very popular option among people who are ready to file for bankruptcy in Miami. Higher income earners usually don’t qualify Chapter 7 and this leaves Chapter 13 the ideal option for them. In addition, filing for Chapter 13 bankruptcy in Miami allows you to settle certain types of debt which then leads to restructuring the payment plans for auto or mortgage debts – making it much easier to get financially caught up.\

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is typically filed by business owners as it is considered a reorganization bankruptcy. However, if someone does not qualify for Chapter 7 but their debt is above the limits set for Chapter 13, then Chapter 11 may be their only option.

Chapter 11 tends to be a bit more complicated, time-consuming, and expensive, but it can offer many advantages to business owners or individuals that are not eligible for Chapter 7 or Chapter 13.

Contact Our Miami Bankruptcy Attorneys Today

At Loan Lawyers, our Miami bankruptcy attorneys can help you determine what is the best course of action when it comes to filing bankruptcy in Miami. Give us a call at 954-523-HELP (4357) for a free consultation with one of our Miami bankruptcy lawyers or fill out our online contact form to see how we can get you out of debt today.