There are often times feelings of shame and embarrassment when it comes to filing bankruptcy but it is a given right that was designed to provide a way for people to get out of debt that they wouldn’t be able to pay off. Millions of people file for bankruptcy every year and this includes celebrities and a slew of high net worth individuals.
Bankruptcy is a complex process for even attorneys to handle and navigating a bankruptcy case without professional guidance or assistance can be a big mistake. At Loan Lawyers, our Miramar bankruptcy attorneys are here to guide you through the bankruptcy process and help you make the right decisions. Our bankruptcy attorneys in Miramar have years of experience handling bankruptcy cases and are familiar with all state and federal laws that can apply into individual cases.
Filing For Bankruptcy
Our Miramar bankruptcy lawyers are here to answer any questions you may have on the bankruptcy process after an initial consultation to go over the specific details of your case. Depending on the financial situation, our bankruptcy attorneys in Miramar will recommend filing for Chapter 7, 11, or Chapter 13 bankruptcy.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy has the potential to eliminate most or all outstanding debts and is the shortest process. However, In order to be eligible for Chapter 7, the court will take a look at income and debts and weigh this against the median income of the particular state.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is often the best solution for those that do not qualify for Chapter 7. While it doesn’t allow for all debt to be forgiven, Chapter 13 bankruptcy can lower monthly payments on debts by extending payment plans to as much as 5 years.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is for business owners or individuals with very large amounts of debt that do not qualify for Chapter 7 or Chapter 13. Chapter 11 bankruptcy tends to be the longest and most complex process.
Our Miramar bankruptcy attorneys can help you and guide you on what is the best option for you.
Miramar Bankruptcy Lawyers Here To Help
At Loan Lawyers, we have a skilled and experienced team of bankruptcy lawyers in Miramar that can assist you when filing for bankruptcy. Contact us today at 954-523-HELP (4357).