Coconut Creek Bankruptcy Attorney
Financial setbacks can happen to anyone at any time in their life, but you shouldn’t have to worry about whether or not you can keep your home and be able to put food on your table. If you’re in this position and are starting to feel desperate, take a deep breath and remember that there are programs and laws in place that can help you. Bankruptcy laws are deeply rooted in the country’s history, even earning a mention in the U.S. Constitution.
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Creditor Harassment & Debt Collection
- Foreclosure Defense
- Mortgage Modification
If financial stress has led you to your breaking point, let the Law Offices of Barry S. Mittelberg in Coconut Creek help. Our knowledgeable attorneys can pull you back from the brink of despair and help get you back on solid ground. Contact our office today to speak with a knowledgeable Coconut Creek bankruptcy attorney who is dedicated to helping you find lasting and effective debt relief.
How Bankruptcy Can Help Me?
The idea behind bankruptcy is to provide a way out of financial distress. Depending on your circumstances and individual needs, you could qualify for either Chapter 7 or Chapter 13 bankruptcy, each of which can provide multiple benefits. If you qualify for Chapter 7, you’ll have some or all of your unsecured debts discharged, which means you won’t have to pay them off. Unsecured debts are items like credit cards, certain tax debts, furniture loans, medical bills, judgments, some loans, etc.
In theory, Chapter 7 requires you to sell off certain assets that are non-exempt first, but a number of Chapter 7 cases involve no assets, which means you won’t be required to sell off any property in order to meet the criteria to discharge your unsecured debt.
The reason you might not qualify for Chapter 7 includes situations where debt is secured by real or personal property, like your home or car, that you wish to keep. In this situation, you would likely be interested in Chapter 13 bankruptcy. This type of bankruptcy brings all your debt together under a payment plan. This allows you to make more affordable monthly payments to the bankruptcy trustee. This helps you get control over your finances and out of debt in a few years, without the added pressure of creditors hounding you.
In the event your mortgage is in default and you are facing foreclosure, filing for Chapter 13 bankruptcy will give you the opportunity to catch up on your missed mortgage payments and remove the risk of foreclosure.
Let Our Coconut Creek Bankruptcy Attorney Help Find the Right Solution for You
The Law Offices of Barry S. Mittelberg is here for all your bankruptcy needs. Contact our office today for a free consultation with a skilled and dedicated Florida bankruptcy attorney.