If you are struggling with debt and are considering filing bankruptcy, then ask yourself the following questions:
- Do you live from paycheck to paycheck?
- Are any of your credit card accounts more than 30 days late?
- Do you have multiple mortgages on your house?
- Do you pay the minimum payment on your credit cards?
- Are you thinking about taking out another mortgage?
- Have you reached the credit limit on credit cards?
- Have you borrowed money from friends or family?
- Are you behind on your house or car payments?
- Is your house in jeopardy of foreclosure?
If the answer to more than one of these questions is yes, then request a free initial consultation by filling out the “Need Help?” contact form.
Our law firm is an experienced and affordable Florida bankruptcy law practice that is dedicated to helping clients with debt relief. Our clients file for bankruptcy protection under Chapter 7 and Chapter 13 of the Federal Bankruptcy Code.
In a Chapter 7 bankruptcy, secured creditors, such as the banks holding mortgage and car loans, must continue to be paid if you want to keep the property, while all of the dischargeable debts are eliminated within months after the debtor qualifies under a means test calculation. If an individual does not qualify to file under chapter 7, he or she may decide to file under chapter 13. In a Chapter 13 case, we work with you to develop a plan to repay your creditors under a payment plan that lasts approximately three to five years. With a Chapter 13 bankruptcy, you can often structure lower payments, lower interest rates, and reduced principal amounts.