Coral Springs Bankruptcy Attorney
Life can be challenging at times, and everyone has financial setbacks, but no one should have to worry about whether they can keep their home or feed their family. If you’re feeling desperate, remember that there are laws in place and programs that can help you. Bankruptcy laws have been part of this country throughout its history and are even mentioned in the Constitution. When financial stress has brought you near the breaking point, the Law Offices of Barry S. Mittelberg in Coral Springs and Orlando can pull you back from the brink and put you back on solid ground. Call today to speak with an experienced Coral Springs bankruptcy attorney dedicated to helping you find effective, lasting debt relief.
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Foreclosure Defense
- Creditor Harassment & Debt Collection
- Mortgage Modification
What can bankruptcy do for me?
Bankruptcy is a way out of financial distress. Depending on your particular needs and circumstances, you may qualify for and benefit from either a Chapter 7 or a Chapter 13 bankruptcy. If you qualify for Chapter 7, you can have some or all of your unsecured debt (credit card debt, medical bills, certain tax debts or furniture loans, personal loans, judgments) discharged, meaning you will not have to pay off those debts. Although Chapter 7 in theory requires you to sell certain non-exempt assets first, a great many Chapter 7 cases are “no asset” cases where you will not be required to sell off any of your property in order to achieve a discharge of your unsecured debt.
If you don’t qualify for Chapter 7, or if your debt is secured by real or personal property (your home, your car) that you need to keep, then a Chapter 13 bankruptcy may be the answer. In a Chapter 13, all of your outstanding debt is brought together and put into one payment plan. By making affordable monthly payments to the bankruptcy trustee, you can get yourself out of debt over three or five years, without the constant stress and pressure from bill collectors. Many debts can be adjusted, decreased or wiped out as part of this process as well. More importantly, if you are in mortgage default and facing foreclosure, a Chapter 13 bankruptcy gives you the means to catch up on missed payments and get out of default, so you can continue to live in your home, build equity and retain your most valuable asset.
You’ll start to benefit the minute you file for bankruptcy
Whether you file Chapter 7 or Chapter 13, you’ll benefit immediately from a bankruptcy provision known as the automatic stay. This provision lets your creditors know that you have filed for bankruptcy and stops them from trying to collect while the bankruptcy is going on. Creditors have to go to court to get permission to continue with debt collection. Meanwhile, you’ve got the time you need to work on freeing yourself of those debts once and for all. The automatic stay provides all the following benefits, among others:
- Stop creditor harassment – Some creditors turn their accounts over to aggressive bill collectors who’ll stop at nothing to get you to pay, including harassing, threatening and intimidating you, calling you at all hours and showing up at your workplace, or talking to your family, friends and neighbors. Many of these tactics are illegal, but fighting them effectively can be a challenge. The automatic stay in bankruptcy puts a halt to collection efforts and restores sanity to your life.
- Prevent foreclosure – Once you’re in default on your mortgage, foreclosure proceedings can move alarmingly fast. The automatic stay stops that foreclosure from moving forward, giving you some breathing room to figure out a solution to your financial problems that lets you keep your home.
- Put the brakes on a car repossession – If you’re behind on car payments, before you know it a repo company could take your car while you’re not looking, and you’ve lost that car you worked so hard to keep. The automatic stay keeps your car from being repossessed and gives you the opportunity to renegotiate your lease or catch up on payments so you can keep your car.
- End wage garnishment – One tool creditors use to get paid is obtaining a court order to garnish your wages, where a portion of your pay is taken out of your paycheck and sent to your creditors before it ever gets to you. Not only is wage garnishment embarrassing and potentially damaging to your relationship with your boss, but it can be crippling to your monthly budget, reaching as much as 25% of your paycheck. Bankruptcy puts a halt to wage garnishment, and if the underlying debt is dischargeable, the garnishment can be made to go away permanently.
Let Our Coral Springs Bankruptcy Attorney Find the Right Solution for You
The Law Offices of Barry S. Mittelberg wants you to succeed. We’ll take the time to understand your situation and advise you on your options, including Chapter 7, Chapter 13 or other options for debt relief outside of bankruptcy, such as negotiating a debt settlement or a personal reorganization. We’ll find the solution that works best for you. In Coral Springs and Orlando, call 954-752-1213 for a free consultation with an experienced and dedicated southern and central Florida bankruptcy attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.