If you are facing a large amount of debt and are starting to miss your monthly payments or are consistently late in repaying your loan payments, it’s time to consider filing for bankruptcy
Bankruptcy can be a long and very complicated process but we are here to help. Loan Lawyers is South Florida’s leading bankruptcy law firm, specializing in assisting individuals who file for Chapter 7, Chapter 13, and Chapter 11 of bankruptcy depending on their specific financial situation.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is also known as liquidation bankruptcy. Under this chapter, it is possible for individuals to have all of their debt dismissed and they can sell any non-exempt assets in order to repay creditors. If they qualify, they can also usually keep the rights to their home or additional assets.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is for those who are still able to make monthly payments but are in need of a longer time period for full repayment or in need of lower monthly payments to better suit their financial picture. Under this chapter, the new payment terms must be approved by a court of law and usually require the assistance of a bankruptcy attorney.
Many people who are facing threats of foreclosure often will file for bankruptcy. This is because the foreclosure is typically paused or shut down until terms regarding the bankruptcy filing are settled.
Your Trusted Coral Gables Bankruptcy Attorneys
It is every U.S. citizen’s right to file for bankruptcy should they become overwhelmed with debt and unable to continue to make payments. Bankruptcy is a process that allows individuals to have a fighting chance of getting out of debt and regaining control of their finances once again.
At Loan Lawyers, we have over 100 years of combined experience in helping individuals through the bankruptcy process. Our knowledgeable and skillful team of experts works around the clock to ensure you receive the best possible debt relief solution available for your situation. Do not hesitate and continue to drown in your debt. Get ahead today with the help of our reliable, trustworthy, and qualified bankruptcy lawyers.
Speak with our South Florida bankruptcy attorneys for more information. Contact us today to schedule a consultation.
