Jacksonville and Orange Park Bankruptcy Attorney
Declaring personal bankruptcy is not only a financial decision, but a life changing one. There are myriad reasons as to why someone might feel this is the best solution to their money woes, and most do not come to the decision easily. One leading reason that people go into debt is overwhelming medical costs. As medical price tags rise and healthcare coverage is debated, it is likely that more people will go into insurmountable debt and seek bankruptcy as their last financial recourse. Reduced income, loss of jobs, and student loans are among just some of the other reasons so many declare bankruptcy.
TWe understand that the process you may be embarking on is not an easy one. We also understand that guidance, support, and top notch representation are exactly what you need in this type of crisis. We are available to help you navigate the legal maze of bankruptcy and help you learn how to get yourself back on your feet. We are not here to judge or belittle, but to help assuage the anxieties associated with the process. Bankruptcy is hard and we aim to make life a little easier for you.
Three Key Types of Bankruptcy in Florida
There are a few different types of bankruptcy, but the three, key types we assist our clients with are Chapters 7, 11, and 13. The Federal laws surrounding all forms of bankruptcy are complex and require that very specific criteria are met. The minutiae of these legal measures can feel overwhelming at best, but we are available to explain them and then, work with you on assessing the qualifications you meet.
- Chapter 7 Bankruptcy deals with the liquidation of debt, by way of the sale of property and assets in order to pay off creditors. This chapter is a viable method for settling debts for both individuals and corporations and it often protects the debtor from having to pay discharged debt in the future.
- Chapter 11 Bankruptcy is most often filed by companies seeking to reorganize their debts and finances in order to keep their businesses afloat. A trustee appointed by the court is put in charge of the restructuring of businesses in order to maintain the company’s solvency and pay off creditors in a realistic and timely way.
- Chapter 13 Bankruptcy allows individuals to repay their debts in increments of time established by the court. Though some debt may be discharged, individuals are expected to pay the vast majority of what they owe their creditors within a period of three to five years time.
Hire a No-Nonsense Bankruptcy Attorney in Jacksonville and Orange Park, Florida
Filing for bankruptcy, whether you are an individual or business, and no matter the reason, can be a rather humbling experience. In fact, some individuals choose to get their information about debt and how to absolve it from sympathetic friends and the internet. While these are both wonderful resources, you will want to seek out the help of a bankruptcy attorney with a concentration in this legal arena.
When it comes to budgeting, negotiating loan payments, home foreclosures, and the costs of healthcare, you need a knowledgeable attorney who will represent your best interests. When agencies report that they can not help you and refuse to lower the amount you owe them, you need attorney who is steadfast and determined to be your advocate. There are no guarantees on court judgements in any case, but we can guarantee that our clients’ best interests are what we are invested in.
Our firm appreciates the weight that debt relief can lift off your shoulders. We are keenly aware of the long term effects of bankruptcy and the financial strains it can cause you and your loved ones in the future. It is hard enough to go through the process, let alone have it follow you throughout your lifetime. Our team is here to help you carve out a path that enables you to achieve financial stability and ultimately, financial independence. You probably do not want to deal with this now, and we take pride in attempting to ensure that you will not have to deal with it again.
Being discharged from your debts is a way in which the federal government allows individuals to be released from financial burdens they can simply no longer bear. It is not a system set up to be an easy way out though. In fact, there are long term consequences that can affect your credit score, including certain bankruptcy conditions that require you to pay a portion of your debt. It is for all of these reasons and more that you need a dedicated attorney who knows the law and how to help you move past a declaration of bankruptcy.
Our Bankruptcy Law Firm accepts clients in the Jacksonville and Orange Park Areas
We have successfully helped many clients steer through the choppy waters of economic disaster. As advocates for the people of the Jacksonville and Orange Park areas and surrounding locations, we are armed with the knowledge and know-how to be your legal representation when you need it most. We are honored to have represented both personal and business bankruptcy clients. One of the reasons we are so successful is because we temper our knowledge with humanity, and the expertise to guide you every step of the way.
Call us today for a free consultation. We know how to get the job done.