Bankruptcy is every citizen’s right to help get them a get a fresh financial start. However, navigating a bankruptcy case without some assistance can prove to be extremely difficult and time-consuming. At Loan Lawyers, our Davie bankruptcy attorneys are here to help guide you through the bankruptcy process.
Our bankruptcy lawyers in Davie, FL are experienced and fully committed to helping our clients in the most difficult of times. After an initial consultation, a Davie bankruptcy attorney can provide you with all the information you need to make the best decisions for your specific situation.
The Bankruptcy Process in Davie, FL
We strongly suggest that you contact our Davie, FL bankruptcy lawyers once you decide to file bankruptcy. Our team of attorneys has helped many of our clients, and we are well aware of any laws that can benefit or be a detriment to your particular case. At Loan Lawyers, our Davie bankruptcy attorneys can guide you on Chapter 7, 11, and Chapter 13 bankruptcy cases.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is one of the more popular options available when it comes to filing bankruptcy. Chapter 7 requires the filer to pass a Means Test. The Means Test looks at your financial situation as a whole and compares income to what is owed. Those who are eligible for Chapter 7 bankruptcy can potentially have all major debts forgiven.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy claims typically result in payment plan modifications that include extended payments and lower payment amounts. Chapter 13 bankruptcy can also protect homes from foreclosure.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is usually reserved for business owners or individuals with very large amounts of outstanding debt. Chapter 11 bankruptcy tends to be a more complicated and longer process since it involves larger amounts of debt.
At Loan Lawyers, our Davie bankruptcy lawyers can advise you on what is the best route to take, whether it is Chapter 7, 11, or 13.
How Long Does Bankruptcy Take in Davie, FL?
Bankruptcy is often a complicated process, especially when a debtor has significant or complex assets. The length of the bankruptcy process is often dependent on the size of the estate, the ability of the person to come to an agreement with their creditors, and the scheduling of both the trustee and the Florida bankruptcy court.
Assuming you have a simple estate and the creditors agree to the bankruptcy proceedings, bankruptcy in Davie can be completed in as little as three to four months. Large corporate bankruptcies, however, can take years to work their way through the courts, with reorganization and repayment plans possibly lasting for many more years after that.
A bankruptcy attorney from Loan Lawyers in Davie, FL can give you a better timeframe when you schedule a free initial consultation to review your bankruptcy options.
Contact Our Bankruptcy Attorneys in Davie, Florida Today
At Loan Lawyers, we have been helping customers in Davie, FL, and throughout South Florida get on the path to becoming debt-free for many years. If you have found yourself in seemingly insurmountable debt, give us a call at 954-523-HELP (4357) and speak to one of our experienced bankruptcy lawyers in Davie, FL today.
