Making the decision to file bankruptcy or not can be one of the toughest choices an individual or business owner has to make. There are several different types of bankruptcy and the process can be confusing and overwhelming. Your very first step, before making any decision to file bankruptcy in Florida, should be to contact a qualified Florida bankruptcy lawyer. They can help you decide whether or not bankruptcy is the right choice, guide you through the entire process and prepare you for what's to come.
There are two main type of bankruptcy that most individuals declare in the state of Florida. A Chapter 7 bankruptcy, also know as a liquidation bankruptcy, or a Chapter 13 bankruptcy which is commonly referred to as a wage earners bankruptcy. Both have specific advantages based on your situation which are explained in detail within this website.
If you're seriously considering filing for a Chapter 13 or Chapter 7, you'll want to ask yourself three main questions:
1) Do you see yourself not being able to pay off your current debt within the next 3 to 5 years?
2) Are you currently falling behind on your bills and other payments?
3) have you recently lost your job or main source of income?
If the answer is yes to these basic questions, then a bankruptcy may be an option that can get you a fresh start. In most cases, answering yes to these questions means you'll qualify for either a Chapter 13 or Chapter 7 bankruptcy.
Chapter 7 bankruptcy offers the ability for a debtor to get a fresh start. There are many aspects one should consider before filing for a Chapter 7 bankruptcy in Florida. Your [ ... ]
Filing a Chapter 13 bankruptcy in Florida has specific advantages over filing a chapter 7. It’s commonly referred to as the wage earners bankruptcy because that’s exactly [ ... ]
Your first step before making the decision of declaring bankruptcy in Florida, should be to get in touch with an experienced Florida bankruptcy attorney. Hundreds of people [ ... ]