What is Bankruptcy in Florida?
Bankruptcy in Florida is a process to legally eliminate or discharge certain kinds of debt when you are unable to pay. It isn’t always when your debts exceed your assets. It is typically related to your ability to repay debts based on your income such as mortgage, car, credit cards, etc. after paying your basic necessities like food, utilities, child needs ,etc.
Questions You should Ask Yourself
- Are you uncertain as to the amount of debt you owe?
- Are you using your credit cards to pay for basic necessities?
- Are you making minimum payments on your debts including credit cards?
- Do you receive repeated calls from people asking for your payments such as collection agencies?
- Does debt consolidation seem like your only answer?
If you answered yes to any of these questions, bankruptcy in Florida may be your best option.
How do I know when I should File Bankruptcy In Palm Beach, Martin, St. Lucie and Indian river?
Most people feel filing for bankruptcy in Florida is a terrifying experience and something you should never do unless you have no other choice. This fear is untrue and can actually cause you more harm by not taking action when you should. Filing for bankruptcy in Florida can be exhilarating as you unburden yourself with the immense financial pressures and receive an opportunity for a fresh start. When determining whether you should file for Chapter 7 or Chapter 13 bankruptcy in Florida, there are actions you should take, including contacting me.
How Do I Declare Bankruptcy in Florida?
The first thing to do Whether you have calculated your debts or not is to call me for a free consultation where we discuss the different types of bankruptcy in Florida. which you can select from. Chapter 7 and Chapter 13 bankruptcies are the most typically filed but have different methods, procedures and timelines. Chapter 13 bankruptcy has more protections than Chapter 7 but takes much more time to complete.
Contact me today and I will assist you with understanding the differences so you can make the best choice for your particular circumstances and have the support of my many years’ experience with bankruptcy in Florida.