Filing For Bankruptcy Can Protect Your Future
Facing foreclosure? In default? Behind on your credit cards or medical bills? We can help.
Our attorneys at the Florida office of L. Bruce Swiren, P.A., have over 50 years of combined experience representing clients in bankruptcy. Whether you need a new start or you’re trying to save your home, our office can represent your interests and guide you through the bankruptcy process. Filing bankruptcy can be complicated, and the experienced lawyers at our law firm can help you get the second chance you’re looking for.
Different Types Of Bankruptcy Filings
The two most common types of bankruptcy are Chapter 7 and Chapter 13. Knowing which type of case is right for you is an important first step in the bankruptcy process, and our office can help you make that decision. Here is a brief description of the most common types of bankruptcy:
- Chapter 7, or liquidation bankruptcy, is a type of bankruptcy in which all of a person’s debts are quickly discharged, and some of the debtor’s property may be taken to satisfy the debts. In Florida, a debtor has exemptions that will help protect your property from loss. Under the bankruptcy law passed in 2005, Chapter 7 is often only available to individuals or couples with income below the median in their area. In today’s real estate market, however, investors may be able to access Chapter 7 regardless of income, depending on the nature of their debts.
- In a Chapter 13 bankruptcy, a person enters into a payment plan of 36 or 60 months, to pay back as much of their debts as possible over the life of the plan. This type of bankruptcy is used most often when a debtor’s income is too high to qualify for Chapter 7, or when the debtor’s home is facing foreclosure. A Chapter 13 bankruptcy can allow you to stop a foreclosure and give you time to bring your loan up to date. If you are facing foreclosure, it is very important for you to consult with an attorney as soon as possible.
Protecting a home from foreclosure is one of the most powerful aspects of Chapter 13 bankruptcy. If you are behind on your mortgage or you are buried in credit card debt, medical bills or collection calls with no way out, call our office today. We can help you get into a payment plan that will give you three or five years to bring the mortgage current, while at the same time adjusting your other debts to allow you to stay in your home.
Contact our office today for a consultation about your options in bankruptcy.
Filing for bankruptcy is a difficult time in a person’s life. Let a skilled lawyer at the law office of L. Bruce Swiren, P.A., help you through it. Call 407-287-5137 today.