BANKRUPTCY SOLUTIONS


Our South Florida Bankruptcy Attorneys help you to find the best resolution to your debts.

DEBT PROBLEMS CAN HAPPEN TO ANYONE . . .
OUR BANKRUPTCY ATTORNEYS ARE HERE TO HELP.


Debt problems can happen to anyone. Sometimes it’s simply credit card crawl; that is, the insidious way ever-increasing credit card interest rates cause a mushrooming of your balances. Other times it can be mounting medical bills, or a term of unemployment that interrupts your cash flow. Even divorce. Whatever the reason, we are here to be your South Florida bankruptcy attorney, and guide you to a positive outcome.

Bankruptcy is not the end of the world – in fact, it can be a whole new beginning. A "fresh start." If you are having significant financial problems, and are considering bankruptcy, you need an experienced bankruptcy advocate on your side. Bankruptcy is a complex legal procedure that takes place in the Federal Court system, and therefore is a specialty law practice unlike any other.

We are experienced advocates for our clients, and we are waiting here to help you get your life back. Call and speak to one of understanding staff members to arrange for a free initial consultation. We genuinely care about your future and are committed to helping you move toward the brightest possible future for you.

PERSONAL BANKRUPTCY SOLUTIONS:


There is no "one size fits all" bankruptcy. Personal bankruptcies can happen for many reasons, and there is no one single solution that is right for everyone. Your specific situation as well as your objectives will dictate the type of bankruptcy being filed. Here are the basics about the two types of personal bankruptcy – Chapter 7 and Chapter 13.

Chapter 7

Chapter 7 is also called a “liquidation bankruptcy.” This is the type of bankruptcy where your nonexempt assets – if any – are liquidated by the U.S. Trustee, and the proceeds used to pay towards the claims made by your creditors. There could be a means test to determine eligibility which must be passed before filing this type of bankruptcy.

Chapter 13

Chapter 13 bankruptcy is commonly referred to as a "reorganization bankruptcy," or more precisely a "debt readjustment". However, the Bankruptcy Court will have to approve a Chapter 13 bankruptcy plan that will readjust your debts with your creditors. This is much more complicated than a liquidation bankruptcy, but the goal is the same – once you successfully exit bankruptcy your debts are gone forever.

EFFECTIVE SMALL-BUSINESS BANKRUPTCY SOLUTIONS


Small business owners find it very difficult to file for bankruptcy. Building a small business comes with nurturing one’s hopes and dreams for the future. However, there may be a time when bankruptcy should be considered. Speaking with an experienced bankruptcy attorney about your alternatives can go a long way to bringing you peace of mind.

Chapter 7

As with personal bankruptcy, a business Chapter 7 is meant to immediately liquidate the debtor’s nonexempt assets. The US trustee takes charge of the business and immediately begins the process. Once these business’ assets are liquidated, the creditors may file claims with the court for a share of the liquidated assets.

Chapter 11

Filing for this type of bankruptcy is meant to allow a business with assets and some regular cash flow the time to restructure and reorganize, with an eye to eventually reviving the business. The business will continue operating without interference from creditors under the automatic stay and the supervision of the Bankruptcy Court.

Chapter 13

A business itself cannot file for Chapter 13. However, an individual or sole proprietor may file Chapter 13 to deal with debts due to running the business. This allows the individual debtor's personal property to be protected, while at the same time allowing creditors to collect what may amount to a fraction of what is owed.

Specialty Bankruptcies

There are some bankruptcies that have special differences when it comes to filing on behalf of a family-owned farm, or a family-owned fishing concern. These are specifically meant for the farming and fishing industry only. They are not frequently filed, but when you need them they will be there. Learn about your options under Chapter 12.

Chapter 12

Chapter 12 is a specialty bankruptcy available only to family owned farms and family-owned fishing concerns. This type of bankruptcy allows farmers and fishermen to restructure their debt in order to avoid liquidation, repossession, or foreclosures. Talk with one of our bankruptcy experts to determine if this is the right bankruptcy for you.

Instant Relief

The relief from debt in bankruptcy comes from the automatic stay. This prevents any further collections activity or lawsuits from the moment that your bankruptcy is filed. It doesn’t apply to all debts, such as child support, but you will find that it gives you instant relief, a chance to take a deep breath and see a clear path forward.

Bankruptcy is the only debt relief solution cited under the Constitution, backed by the power of our courts. It is the only debt relief approach that erases debt entirely, and allows people another "time at bat" to participate in our economy.

Debt Consolidation Loan

If you qualify for a loan, it may be best for you to look into a consolidation loan and take care of all your debts with one payment to the bank.

BANKRUPTCY ALTERNATIVES



When you review your financial situation with an experienced bankruptcy attorney, you might be astonished to find out that you don’t need to file for bankruptcy! There are other options available for your consideration. If, during your initial consultation, we feel that bankruptcy is not the best option for you, we will tell you so. We then can guide you to other solution, such as debt consolidation loans, debt negotiation, and loan workouts.

Debt Negotiation

Some creditors are willing to negotiate the terms or amount of your loan rather than take their chances on what they might receive in a bankruptcy.

Loan Workouts

Particularly for people concerned about losing their homes to foreclosure, it is often worth talking to the lender about adjusting the terms of the loan to make the payments more manageable.