Florida Bankruptcy Lawyer

Our attorneys have been helping Floridians resolve, restructure, or discharge their debts in bankruptcy for well over a decade and look forward to helping you do the same. Contact us now for your free initial consultation so we can discuss your unique situation, goals, and options. Your initial consultation will be performed over the phone with the attorney and typically takes 20-40 minutes to complete. By the end of the conversation, you will have a better understanding of the bankruptcy process and how it can help you.

Call us now at (888) 886-0020 or submit your questions or appointment request using our online contact form..

• Free Consultation. You can schedule a free consultation with our experienced Florida bankruptcy attorney to discuss your unique financial situation.
  We will carefully and thoughtfully consider your case to provide you with the best options and legal strategies to accomplish your goals.
• Bankruptcy Filing. Avoid mistakes and pitfalls of the bankruptcy process by hiring our knowledgeable bankruptcy lawyer. We will take care of all the paperwork and represent you in court.
• Legal Representation. Our legal team will be by your side every step, ensuring your rights are protected. We have extensive experience in Florida Bankruptcy law and will work hard to make sure you get the best results possible.
• Preserve Assets. You don’t have to lose everything when you file for bankruptcy. Our Florida bankruptcy lawyers will help protect your assets and keep your property.
• Navigate Foreclosure. We can help you find different legal ways to stop foreclosure and keep your home.

Chapter 7 bankruptcy is also called liquidation bankruptcy. In this process, you will sell your assets to repay your creditors. The court will appoint a trustee to oversee your case and liquidate your assets.
The assets you can keep in this bankruptcy are called exempt assets. These assets include your home, car, personal belongings, and retirement accounts.
Chapter 7 bankruptcy is the most common type of bankruptcy. It is for individuals with low income or who cannot repay their debts. The entire process typically takes 90 to 120 days.

There are several reasons why you may want to consider Chapter 7 bankruptcy, including:

• You can get rid of most of your debt. In this process, you can discharge (eliminate) most of your unsecured debt, such as credit card debt, medical debt, and personal loans.
• You can keep your exempt assets. You can keep your exempt assets, such as your home, car, and personal belongings.
• You can get a fresh start. This bankruptcy will give you a fresh start by eliminating your debt. It will also stop creditors from harassing you and allow you to rebuild your credit.

Seeking legal advice from a financial law advisor is the best way to identify which type of bankruptcy is best for your financial situation.

If you struggle to make ends meet, you may consider Chapter 7. Filing for bankruptcy can help you get out of debt and start over. It can also stop creditors from harassing you and allow you to rebuild your credit.

In Chapter 7, you’ll be able to keep any assets that are exempt or that can’t be sold to generate a meaningful distribution to your creditors. All remaining unsecured debts (such as credit cards, department store cards, medical bills, auto repossession deficiencies, etc.) will be permanently discharged.

After you file for bankruptcy, you will be given a fresh start, allowing you to rebuild your credit and get back on your feet.

Contrary to popular belief, you can file Chapter 7 bankruptcy independently. However, navigating bankruptcy cases’ legal and financial aspects can be challenging for individuals without in-depth knowledge of the law.
A Chapter 7 case starts with a petition that the debtor (individual or married couple) files with the bankruptcy court in their district. The debtor must also file various schedules and statements with the court, including a list of their creditors, income and expenses, assets and liabilities, and any transfers of property made within the past two years.

The debtor must also attend a meeting of creditors, which is held about a month after the case is filed. At this meeting, the trustee assigned to the case will ask the debtor questions about their debts, assets, and financial history. The debtor’s creditors may also attend this meeting and ask questions, but they rarely do.
After the meeting of creditors, the debtor will be required to take a financial management course. Once the debtor completes this course, they will receive a discharge of their debts.

It is important to note that filing for Chapter 7 bankruptcy does not eliminate all debts. The debtor will still be responsible for repaying secured debts, such as mortgages and car loans, and priority debts, such as child support and alimony.

Only some people are eligible for Chapter 7 bankruptcy. The court will use a means test to determine whether the debtor qualifies for this type of bankruptcy.

The “means test” looks at the debtor’s income and expenses to see if they can repay their debts. If the debtor’s income is below the median income for their state, they will automatically qualify for Chapter 7 bankruptcy. If the debtor’s income exceeds the median, they must complete a more detailed analysis to determine eligibility.

It is important to note that even if the debtor does not qualify for Chapter 7 bankruptcy, they may still be eligible for Chapter 13 bankruptcy. You must seek counsel from a Chapter 7 lawyer to ensure you take the best action for your unique financial situation.

Our Tampa bankruptcy lawyer in central Florida can help you determine which type of bankruptcy suits your situation.

Chapter 13
Bankruptcy

Chapter 13 bankruptcy is another choice available for private individuals. Unlike Chapter 7, individuals filing for a Chapter 13 bankruptcy are given a flexible repayment plan, allowing them to keep their properties.

People often opt for a Chapter 13 Bankruptcy over a Liquidation or Chapter 7 Bankruptcy because they earn enough money to pay their debt without selling properties.

Chapter 13 bankruptcy offers individuals several benefits, including:

• The ability to catch up on past-due mortgage payments;
• The ability to keep their property and avoid foreclosure;
• The ability to repay debts over time can help improve their credit score.

If you are struggling to keep up with your mortgage payments, Chapter 13 bankruptcy can help you catch up on past-due payments. This will help you avoid foreclosure and keep your property. If you are facing repossession, Chapter 13 bankruptcy can help you keep your car. You will need to continue making regular payments, but you may be able to repay the past-due amount over time. If you have other debts that you are struggling to repay, such as credit card debt or medical bills, Chapter 13 bankruptcy can help you get caught up.

Like Liquidation bankruptcy, the debtor must file a petition with the bankruptcy court. The debtor will also need to file other documents, including:

• A list of the debtor’s creditors;
• A schedule of the debtor’s assets and liabilities;
• A schedule of the debtor’s income and expenses;
• A statement of the debtor’s financial affairs.

The debtor will also need to file a repayment plan with the court. This plan will outline how the debtor plans to repay their debts. The court will review the program and may make changes, such as extending the length of the repayment period.

Once the debtor’s repayment plan is approved, they must make payments to their trustee, and the trustee will then distribute the payments to the creditors.

According to 11 U.S.C. § 109(e), an individual is eligible for Chapter 13 bankruptcy if they meet the following criteria:

• The debtor has less than $465,275 in unsecured debts.
• The debtor has less than $1,395,875 in secured debts.
• The debtor’s income is below the median for their state.

If the debtor’s income is above the median, the court will need to complete a more detailed analysis to see if they qualify.

Chapter 11
Bankruptcy

Chapter 11 bankruptcy is another type of bankruptcy that is available to both individuals and businesses.

Chapter 11 bankruptcy is often used by businesses to reorganize their debts. This type of bankruptcy can be very complex, so it is usually best to seek a bankruptcy lawyer’s advice.

There are several reasons why a business might consider filing for Chapter 11 bankruptcy, including:

• The ability to restructure their debts;
• The ability to keep their business operating;
• The ability to repay their creditors over time.

Chapter 11 bankruptcy offers businesses several benefits, but it is important to note that this type of bankruptcy can be very complex. It is often best to seek a bankruptcy lawyer’s advice before filing.

If your business struggles to repay debts, Chapter 11 bankruptcy can help you restructure them. This will allow you to keep your business operating and repay your creditors over time.

Chapter 11 bankruptcy can also help you if you face foreclosure on your business property. By filing for bankruptcy, you can stop foreclosure and keep your property.

If you are facing repossessing your business equipment, Chapter 11 bankruptcy can help you keep that equipment. You will need to continue making regular payments, but you may be able to repay the past-due amount over time.

• You must be a business or an individual.
• You must have filed all required tax returns.
• You must file a plan with the court that outlines how you will repay your debts.
• If you are an individual, you must also complete a means test to see if you qualify.

You must speak with Florida bankruptcy attorneys when you are forecasting a tremendous financial burden. If you are an individual or a business owner and feel like bankruptcy is your only option, then you should seek legal help. It’s essential to understand all of your options before moving forward. An attorney can help advise you on the best course of action.

For Chapter 7, the filing fees are $335, and $310 for Chapter 13. The two sessions of required financial counseling would cost a couple around $60 or $80.

Our attorney’s fee depends on the complexity of your case. We offer a free initial consultation, $0 down filing, and flexible payment plans.

As mentioned in the above sections, you can file a bankruptcy case yourself. However, seeking the assistance of experienced bankruptcy attorneys would make the situation more bearable and increase your chances of success.