Weston Bankruptcy Lawyers
Every United States citizen has a right to file for bankruptcy as a means to alleviate the burden of debt. Hundreds of thousands of everyday Americans and even high-profile celebrities file for bankruptcy every year. While there is certainly a negative stigma associated with bankruptcy, it is simply the smartest and most effective way to free yourself from debt.
While filing for bankruptcy can be a difficult and tedious process, our Fort Lauderdale bankruptcy attorneys are here to help guide you through the entire process.
The Bankruptcy Process
Filing for bankruptcy can be complex, and our Weston bankruptcy lawyers are here to help you make the best financial decisions possible. Our Weston bankruptcy lawyers have helped countless people over the years get out of debt.
Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy typically results in the elimination of all outstanding debts. Chapter 7 is the most common type of filing but it also has explicit eligibility restrictions. To qualify for this, you have to partake in a ‘Means Test’ that weighs your expenses versus your total income. You also need to make sure that any state laws or limitations cannot affect your eligibility for Chapter 7. Our bankruptcy attorneys in Weston can help determine if you are eligible.
Chapter 13 Bankruptcy
Filing for Chapter 13 bankruptcy is for individuals who have too high of an income or too low of outstanding debt to qualify for Chapter 7 bankruptcy. When you are eligible for a Chapter 13 claim, you will typically receive a repayment plan modification. This typically increases the period for repayment by up to five years or results in lower monthly payments. The outcome varies based on your specific case.
Chapter 11 Bankruptcy
Filing for Chapter 11 bankruptcy is usually for business owners who have to repay larger business loans. This type of claim can be applicable for individuals, however, but only if they have extremely high debts. Chapter 11 is one of the most complex and time-consuming routes of filing for bankruptcy, so make sure that you contact a Weston bankruptcy lawyer to assist you with filing this type of claim.
Contact The Weston Bankruptcy Attorneys At Loan Lawyers
If you have found yourself in a position where you are struggling to repay your debts, then bankruptcy may be the next step for you.
Contact our experienced team of bankruptcy lawyers in Weston today at 954-523-HELP (4357) for a legal consultation.
