Kissimmee Bankruptcy Lawyer
Many Florida residents struggle with finances. They may have lost their job or suffered a disability, making them unable to work. Having limited income can make it challenging to pay bills. What are their options?
They can try contacting their creditors to get relief. However, this approach can only go so far. You may need to file for bankruptcy.
Many people are scared to file for bankruptcy because of the stigma attached to it. However, bankruptcy can erase many of your debts, allowing you a fresh start. You can also opt for a repayment plan so you can keep your assets.
Contact the experienced Kissimmee bankruptcy lawyers at Anderson & Ferrin Attorneys at Law, P.A. for a free consultation to discuss your case and see what options are available to you.
Types of Bankruptcy
There are two main types of bankruptcy for Florida residents: Chapter 7 and Chapter 13. Chapter 7 is often known as a liquidation bankruptcy because it can erase many common debts, such as credit cards bills, medical bills, personal loans, foreclosures, repossessions, and civil judgments.
However, Chapter 7 bankruptcy does not protect your assets such as your vehicles or home. You will need to continue paying these debts if you want to keep the property attached to them. Also, you need to have a limited income in order to qualify. Those who make too much money may qualify for Chapter 13 bankruptcy, though.
Chapter 13 bankruptcy is a reorganization bankruptcy that orders you to pay off a huge portion of your debt and keep your assets. You will be allowed to create a repayment plan so that you can pay off your debts over a period of 3-5 years. This plan is outlined in a petition that is signed by you and sent to the bankruptcy court for review.
Why You Need a Bankruptcy Lawyer
While you might think you might save money by handling your bankruptcy case on your own, you probably won’t. A bankruptcy lawyer can guide you by:
- Helping you consider alternatives to bankruptcy
- Determining which type of bankruptcy you should file
- Complete all paperwork in a timely manner
- Negotiate with creditors
- Help you create a viable repayment plan
- Valuing your property
- Explaining which debts will and will not get discharged
- Help you understand all the steps you will take
Contact an experienced Kissimmee bankruptcy lawyer from Anderson & Ferrin Attorneys at Law, P.A. to understand the best way to proceed.
Contact Anderson & Ferrin Attorneys at Law, P.A. Today
Debt can cause a lot of problems. It can affect your home and other assets. It can also lead to legal issues, which is why bankruptcy can help.
The lawyers at Anderson & Ferrin Attorneys at Law, P.A. can help resolve many of your financial problems, including tax debts, judgments, debt restructuring, repossessions, and foreclosures. Schedule a consultation with our experienced Kissimmee bankruptcy lawyers by calling 407-412-7041 or filling out the online form.