Do You Need To File For Bankruptcy?

Individuals can represent themselves when filing for bankruptcy but the process is quite complex. You are already in a stressful situation with your financial issues and it really may not be the best idea to handle the process yourself. If you are in this situation, you should really consider hiring a bankruptcy lawyer or a bankruptcy attorney. Many law practices do not charge a fee for a consultation so you have nothing to lose. It is a good idea to schedule an appointment as soon as possible.

It is always best to hire an attorney that specialize in bankruptcy in the state where you are a resident because bankruptcy laws vary from state to state and change quite frequently. For example if you live in Florida, there is a law firm that offer a free initial consultation at many of their office locations which is convenient l for both parties. The bankruptcy lawyers offer appointments seven days a week and even offer evening appointments for the convenience of their clients. In order to accommodate their clients this law firm offers services to individuals who speak not only English but Spanish, Creole, and Hebrew as well. The bankruptcy laws in the State of Florida permits individuals to file for Chapter 7 and Chapter 13. The legal professionals can handle Chapter 7 and Chapter 13 bankruptcy filings as well as creditor negotiations (which is an alternative solution to bankruptcy where the attorney works to negotiate a settlement agreement with creditors), and protects your rights from creditors.

Chapter 7 basically allows the debtor to get a fresh financial start. Chapter 7 may relieve the debtor from receiving harassing collection calls from creditors, garnishment of wages, and pursuit of judgments through lawsuits, repossession, and foreclosures. With Chapter 7 most of the debts will be cancelled the debtor will not be subject to a repayment plan.

Chapter 13 basically allows the debtor to keep their property and file for a replacement plan that covers a period of three to five years where the debtor pays back all or a portion of their debt. A major benefit of filing Chapter 13 bankruptcy is that is allows you to catch up on delinquent payments and retain your home. In order to qualify for Chapter 13, an individual must have a regular income and have unsecured debts less than $336,900 and secured debts less than $1,010,650.

You may be thinking that you already owe so many people that how you can afford to pay for the service of a bankruptcy lawyer as well. Really how can you not afford to hire a bankruptcy attorney through this stressful process because any mistakes in the process can cause you future financial issues? The bankruptcy law firm charges a fixed flat fee for an individual charging Chapter 7 bankruptcy. This fee includes a filing fee, credit report, and twelve months of credit monitoring after the bankruptcy discharged. You will find that many law firms offer a flexible payment plan with a down payment.


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Stewart Wrighter recently spent time researching bankruptcy with the help of a Fort Lauderdale bankruptcy lawyer. He hired a Miami bankruptcy attorney to represent his son who is having financial problems.