This page was written, edited, reviewed & approved by Emil J. Fleysher following our comprehensive editorial guidelines. Emil J. Fleysher, the Founding Partner, has 15+ years of legal experience as a bankruptcy attorney. Our last modified date shows when this page was last reviewed.
If you're struggling with debt in Pompano Beach, a bankruptcy attorney can help. Filing for bankruptcy is a legal way to get rid of overwhelming debt and get a fresh start. It can stop wage garnishment, prevent foreclosure, and protect your assets.
Fleysher Law Bankruptcy & Debt Attorneys are here to guide you through the process. Our team offers skilled legal advocacy and personalized attention. We will work with you to understand your financial situation and choose the best option for your case.
Whether you're facing credit card debt, medical bills, or other financial issues, we are here to help. Call us today for a free consultation to discuss your options and start your path to financial freedom.
Bankruptcy is a legal process that allows individuals or businesses to eliminate or repay their debts. It provides relief for people who are unable to pay off their unsecured creditors due to overwhelming debt. Chapter 7 bankruptcy and Chapter 13 bankruptcy are the most common types of bankruptcy filed by individuals.
Bankruptcy law offers a way to deal with financial issues and helps you get a fresh start. It also offers protections from creditors, including stopping wage garnishment and halting foreclosure actions.
There are different types of bankruptcy for individuals, but the most common ones are Chapter 7 and Chapter 13. Each type has its process and benefits.
Some of the key differences are:
Chapter 7 bankruptcy is the most common type of bankruptcy for individuals who are unable to pay their unsecured creditors. It is often referred to as liquidation bankruptcy. In this process, most of the debtor’s nonexempt assets are sold to pay off debts. However, many people who file for Chapter 7 bankruptcy can keep most or all of their property through exemptions.
The goal of Chapter 7 bankruptcy is to discharge (or eliminate) most of the unsecured debts, such as credit card debt, medical bills, and personal loans. It provides a fresh financial start for people overwhelmed by debt.
Once the bankruptcy court approves the process, the applicant will no longer be responsible for paying off the discharged debts. Chapter 7 is quick and efficient, often taking just a few months to complete.
Chapter 13 bankruptcy is designed for individuals with a steady income who can pay off a portion of their debts over time. Instead of liquidating assets, Chapter 13 allows you to keep your property while creating a repayment plan to pay off unsecured creditors over a period of 3 to 5 years.
This type of bankruptcy is ideal for people who have fallen behind on their mortgage or car payments but want to keep their property. The bankruptcy court will approve a repayment plan based on your income and expenses.
Once the repayment plan is complete, any remaining unsecured debts may be discharged. Chapter 13 bankruptcy helps people who don’t qualify for Chapter 7 bankruptcy and need more time to get their finances back on track.
A bankruptcy lawyer in Pompano Beach helps guide you through the bankruptcy process. A few key responsibilities of Pompano Beach lawyers are:
A bankruptcy lawyer provides valuable legal guidance throughout the entire bankruptcy process. They explain the different options available, such as Chapter 7 or Chapter 13 bankruptcy, and help you decide which one is best for your financial situation.
Your attorney will assess your financial situation, review your assets and debts, and guide you on how to handle them within the boundaries of bankruptcy law. They will also inform you about bankruptcy exemptions, helping you protect as many assets as possible during the process.
In addition, a bankruptcy attorney helps you be familiar with the legal terms and procedures involved, making sure you meet all the requirements set by the bankruptcy court. Their job is to ensure that you are well-prepared and informed every step of the way.
Documentation and filing are essential parts of the bankruptcy process. A bankruptcy lawyer ensures all required documents are gathered and submitted to the bankruptcy court. These documents include your bankruptcy petition, bankruptcy schedules, and proof of income, along with a list of your debts and assets.
Filing the paperwork correctly is crucial. Any mistakes or missing information can cause delays or even result in the dismissal of your case. Your attorney will review your bankruptcy paperwork, ensure everything is accurate, and submit it to the bankruptcy court on time.
With the right lawyer, you will not have to worry about the burdens of filing for bankruptcy on your own. They will take care of the paperwork and make sure that your bankruptcy case moves forward smoothly.
During the bankruptcy process, having a bankruptcy lawyer to represent you is crucial. Your attorney will advocate for your rights and interests in bankruptcy court. They will represent you during hearings, including the 341 Meeting of Creditors, and make sure your bankruptcy case is handled properly.
The lawyer will also work with the bankruptcy trustee and any creditors to address any concerns. If there are any objections or issues with your case, your bankruptcy attorney will be there to respond on your behalf.
In addition, they’ll help you stay compliant with the bankruptcy code, ensuring that your debts are discharged and your financial recovery is protected. With skilled legal advocacy, your bankruptcy lawyer will help you achieve the best possible outcome.
Hiring a local bankruptcy lawyer in Pompano Beach offers many advantages. A local attorney is also familiar with the specific bankruptcy laws in Florida and can offer personalized advice based on your needs. Some of the key benefits are:
A local bankruptcy lawyer is familiar with the specific bankruptcy laws and court procedures in Pompano Beach and the surrounding Fort Lauderdale area. This knowledge can help ensure that your case is filed properly and moves through the bankruptcy court system smoothly.
Florida has its own set of bankruptcy exemptions that may be different from other states. A local attorney will help you understand these exemptions and how they apply to your case. They also know the local bankruptcy court procedures, which can vary from one jurisdiction to another. This familiarity allows them to handle your case efficiently and avoid unnecessary delays.
Working with a local lawyer gives you peace of mind, knowing they have experience with the local system and can help you achieve the best possible outcome.
A local bankruptcy lawyer provides personalized service that you may not get with a larger firm. When you hire a local attorney, you get one-on-one attention and direct communication throughout your bankruptcy case.
You’ll be able to work closely with someone who understands your unique financial situation. A local bankruptcy attorney can give you tailored advice, focusing on your specific needs, whether you’re dealing with credit card debt, medical bills, or wage garnishment. They will also keep you informed about every step of the process so you’re never in the dark.
With personalized service, your local bankruptcy attorney can ensure you feel confident and supported throughout the bankruptcy process, making it easier to achieve your financial goals.
Why should I hire an experienced Florida bankruptcy attorney?
Hiring an experienced Florida bankruptcy attorney ensures that your case is handled by someone who knows the complexities of bankruptcy law. They can guide you through the process and help protect your assets.
Can a Pompano Beach bankruptcy lawyer help me with debt relief?
Yes, a Pompano Beach bankruptcy lawyer can help you find the best solution for your financial troubles. Whether you are facing credit card debt, medical bills, or wage garnishment, an attorney can guide you through Chapter 7 or Chapter 13 bankruptcy.
How does social media affect bankruptcy cases in Fort Lauderdale?
Social media can have an impact on your bankruptcy case. Information shared on social media platforms can be used as evidence in legal matters, including bankruptcy proceedings.
Can a Pompano Beach bankruptcy lawyer help me with business bankruptcy?
Yes, an accomplished Pompano Beach bankruptcy lawyer can also assist with business bankruptcies, including Chapter 11 or other options for businesses facing financial difficulties.
What is the role of Nova Southeastern University in bankruptcy law education?
Nova Southeastern University offers a top law program, and many skilled bankruptcy attorneys in South Florida have attended this Miami school. Graduating from respected institutions such as Nova Southeastern University, the University of Florida Levin College of Law, and Thomas University School gives attorneys the education they need to handle complex bankruptcy cases.
If you’re struggling with debt, talk to an exceptional bankruptcy law attorney today. Fleysher Law Bankruptcy & Debt Attorneys offer a free consultation to help you understand your options. We help people in Fort Lauderdale, Pompano Beach, and nearby areas get the debt relief they need.
Our law firm is here to guide you through the bankruptcy process. We will explain everything clearly and make sure you know what to expect. Whether you have credit card debt, medical bills, or other money problems, we can help you find the best way out.
Call us today to set up your free consultation. Let us help you get the debt relief you deserve and give you a fresh start.
Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Coral Springs, Pompano Beach, Davie, Plantation,Sunrise, Deerfield Beach, and surrounding areas.
How long does a bankruptcy stay on your record in Florida?
Bankruptcy records are permanent public records. Although a bankruptcy will remain on your credit report for a maximum of 10 years, the public record of your bankruptcy starts when you file a petition and documents are added to the PACER system, and it lasts indefinitely. It is not possible to remove a bankruptcy from public records.
What is the minimum amount of debt for bankruptcy?
Chapter 7 bankruptcy has no minimum or maximum debt requirement under federal law. While the average Upsolve user has around $48,000 in debt, Chapter 7 cases can involve significantly higher or lower amounts.
Can you lose your house in bankruptcy in Florida?
Filing for Chapter 7 bankruptcy may result in the loss of some assets. Florida offers significant homestead protection with an unlimited exemption for your home. However, the state imposes strict limits on personal property and vehicle exemptions in return.
Is it true that after 7 years your credit is clear?
Negative information typically remains on credit reports for 7 years. Bankruptcy can stay on your Equifax credit report for 7 to 10 years, depending on the specific type. Closed accounts that were paid as agreed can remain on your Equifax credit report for up to 10 years.
What debt is not forgiven in bankruptcy?
Bankruptcy offers debt relief, but certain obligations remain non-dischargeable. These typically include child support, alimony, and some tax debts. While challenging, discharging income tax debt isn't always impossible. However, bankruptcy can generally provide relief from most loan debt.
Can I keep my car if I file bankruptcy in Florida?
Filing for bankruptcy generally allows you to retain your vehicle. As long as there's a lien on it and your payments are up-to-date, you can typically continue with your car payments and keep the car. However, in Florida, there's a limit on the value of a vehicle you can protect in bankruptcy.
What assets are exempt from bankruptcy in Florida?
Specific personal property, excluding real estate, is protected from seizure in debt collection or bankruptcy cases. A general exemption of up to $1,000 covers household furniture, art, and electronics. An additional $4,000 exemption is available if the homestead exemption is not claimed. These exemptions aim to balance creditor rights with debtors' need to retain essential belongings.
What happens after you file for bankruptcy in Florida?
Once a debtor files a bankruptcy petition, an "automatic stay" immediately goes into effect. This means creditors must cease all collection attempts against the debtor unless the bankruptcy court grants them permission to proceed.
Does unpaid debt ever go away?
Most negative debt information stays on credit reports for seven years. Chapter 7 bankruptcy remains for ten years. Government debts may stay indefinitely until paid. Regularly review credit reports for accuracy and removal dates.
Should I pay a debt that is 7 years old?
Although payment isn't required, time-barred debts typically don't show up on credit reports. Credit reporting agencies usually remove unpaid debts seven years after the initial missed payment.
How many years of credit is considered good?
Achieving an excellent credit score (750+) typically takes five to ten years or more of consistent responsible credit behavior. This long-term goal often requires a variety of credit accounts and a history of timely payments.
How much cash can you keep when filing Chapter 7 in Florida?
Florida's bankruptcy exemptions for personal property have a total limit of $1,000. For example, if you have $5,000 in a bank account when filing Chapter 7 bankruptcy, only $1,000 of that amount can be protected. Furthermore, other valuable personal property you own could be sold to repay creditors.
Can I file bankruptcy without a lawyer in Florida?
An attorney is the sole provider of legal counsel. Bankruptcy filings and court appearances without legal representation are restricted to individuals, including married couples. This page offers self-represented parties access to information regarding the bankruptcy process and certain mandatory local procedures.
Does it cost to file bankruptcy in Florida?
Florida bankruptcy filing fee is $338, but a waiver is available for those who cannot afford it. Applicants must complete court forms detailing their financial situation. If approved, the fee is waived. Individuals should seek guidance from the bankruptcy court or an attorney regarding the waiver process and eligibility.
What do I lose if I file bankruptcy?
Filing for bankruptcy doesn't mean losing everything. Many individuals can retain essential assets like household items, retirement funds, and some home and vehicle equity. However, non-essential luxury goods, such as recreational boats or expensive cars, might be lost or require payment to keep.
Emil specializes in consumer bankruptcy, debt settlement, and mortgage modification, offering a holistic approach to solving mortgage and debt problems. Emil listens to clients, understands their circumstances and goals, and helps them make the right choices by presenting all options and contingencies.
He is dedicated to helping South Floridians regain their financial freedom from overwhelming debt caused by high interest credit cards, bad mortgage loans, and uninsured medical expenses.
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