West Palm Beach Bankruptcy Attorneys

Bankruptcy document folder with lawyer at the law firm.

A common legal procedure that helps individuals who have found themselves in a sizeable amount of debt is bankruptcy. While many people may frown when they hear the word “bankruptcy”, it is actually a legal right that all citizens of the U.S. have in order to gain a fresh start financially.

When you file for bankruptcy, you are essentially preventing all creditors and debt collection agencies from harassing you in order to collect payments. You are also entitled to a range of debt relief options to try and pursue so that you can find stable ground financially once again.

There are a few common chapters of bankruptcy that one may file under including Chapter 7, Chapter 13, and Chapter 11.

Filing for Chapter 7 Bankruptcy

Filing for Chapter 7 of bankruptcy is typically the simplest filing procedure because it usually involves liquidating one’s current assets in order to pay off their debts.

If you do not have a ton of valuable assets and do not make a large income, filing under Chapter 7 is usually the best option.

Filing for Chapter 13 Bankruptcy

Filing for Chapter 13 of bankruptcy is usually for those that still make enough of an income to where they are able to pay their essential bills, while also making monthly payments toward their current loans or debts.

Under this chapter, a modification to the current monthly payment plan is made. Whether this means that a temporary payment extension is granted or the monthly payment amount is reduced, it is highly recommended to have a bankruptcy attorney representing you during this process.

Filing for Chapter 11 Bankruptcy

Filing for Chapter 11 of bankruptcy is usually for those that have a high income but also a high debt amount owed.

Most of the time, small business owners will file under Chapter 11 if they have found themselves unable to repay business loans but are still able to keep their company afloat.

When Should You Contact a West Palm Beach Bankruptcy Attorney?

There are a few warning signs to pay attention to if you are wondering whether or not you should contact a bankruptcy attorney.

Some of the most common financial warning signs include:

  • Using your credit card over and over for essential items like groceries or gas
  • Using any or all of your savings or retirement money
  • Continuously borrowing from family or friends
  • Consistent communication from debt collection agencies, lenders, or creditors
  • Incredibly high-interest rates or unattainable monthly credit card payments
  • Foreclosure or repossession threats


If you are facing the threat of foreclosure, it is essential that you seek the advice of an experienced and reputable bankruptcy lawyer in order to evaluate the options that allow you to keep the rights to your home and other valuable assets.

At Loan Lawyers, we specialize in helping our clients keep their homes and properties while figuring out a reasonable financial solution that will lead to overcoming their debt.

Loan Lawyers – Your Trusted West Palm Beach Bankruptcy Lawyers

Our team of expert bankruptcy attorneys has over 100 years of combined experience in helping individuals get out of debt and back on their feet financially.

For more information on our West Palm Beach bankruptcy services, contact one of our skilled West Palm Beach bankruptcy lawyers today.