Bankruptcy Attorneys in Oakland Park
Are you facing massive amounts of debt? Do you feel like you will never get caught up and are not sure of what to do next? If so, filing for bankruptcy may be the best option for you.
Bankruptcy can often be a complicated process and it is highly recommended to consult with an experienced Oakland Park bankruptcy law firm before moving forward to lay out all of your options. Loan Lawyers is a leading bankruptcy firm located in South Florida that has helped thousands of individuals overcome their debt and start their path to financial freedom through the bankruptcy process.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a great option for those with large amounts of debt and a low income. Under this chapter, you are eligible to have your debts discharged typically within four to six months after asset liquidation
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is usually for those who do not qualify for Chapter 7 because their income is too high, or their debt is too low. Under this chapter, you are able to get relief from repossession of assets like your car, foreclosure on your home, and wage garnishments. Often, you can minimize unsecured debt such as credit card debt. You can also agree upon a payment plan that works better for your financial situation so that you can pay off your debts more easily.
Bankruptcy and Foreclosure
Another major benefit of filing for bankruptcy has to do with foreclosure. When you’re at risk for your home being foreclosed upon, these foreclosure proceedings immediately stop until the bankruptcy case has been settled.
Contact Our Oakland Park Bankruptcy Lawyers
As a U.S. citizen, you have the legal right under the federal government to file for bankruptcy in order to reach financial stability, so that you can care for yourself and your family. At Loan Lawyers, our skilled Oakland Park bankruptcy attorneys will thoroughly review your finances and determine the most logical bankruptcy chapter to file under that will benefit you in the best way possible.
We know that life happens – someone could suddenly become injured, pass away, or fall ill when you least expect it. When situations like this occur, the costs tend to add up and can become a burden. In fact, even business owners can file under Chapter 11 bankruptcy if they are struggling to repay business loans.
For more information from our Oakland Park bankruptcy lawyers, please contact us at 954-523-HELP (4357) and schedule a consultation.