Jupiter Chapter 7 & 13 Bankruptcy Lawyer
South Florida Consumer Bankruptcy Lawyer for Individuals, Families and Small Business Owners
Individuals who are fighting overwhelming debt from credit cards, medical bills or small business troubles can find effective debt relief through a consumer bankruptcy. There are different forms of bankruptcy open to individuals, and each type is used for a particular purpose. For instance, Chapter 7 is most effective for eliminating consumer debt while Chapter 13 is more appropriate when you’re attempting to save a home or other assets. Chapter 11 is yet another option for individuals operating a small business as a sole proprietorship. The important fact to realize is that whatever troubles you are facing, there is a solution for you. Throughout Palm Beach and Martin counties, Jupiter Chapter 7 & 13 bankruptcy lawyer Julianne Frank Law offers the advice and assistance of a Board Certified Specialist in Consumer Bankruptcy who can help you find the best solution for your unique circumstances and achieve your goal of taking control over your finances, rather than having your finances control you.
Make a Fresh Start with Chapter 7
If you are overwhelmed with credit card debt or medical debt, Chapter 7 can be used to eliminate that outstanding debt and let you start over with little or no debt. Personal loans, auto accident and negligence claims, civil judgments, business debts, leases and certain income tax debts and penalties are other examples of the types of debt that can be discharged through Chapter 7. Although Chapter 7 requires you to sell non-exempt property to pay off your creditors before receiving a discharge of remaining debt, a bankruptcy expert at Julianne Frank Law can walk you through the Florida bankruptcy exemptions and help you retain your most important and valuable property. The majority of Chapter 7 bankruptcies we handle turn out to be “no-asset” cases where the debtor is not required to sell any property.
Save Your Home with Chapter 13
Chapter 7 is available for people with limited means. If you fail to qualify for Chapter 7, you may still find effective debt relief through Chapter 13. In this type of bankruptcy, all of your debts are brought together and put onto one payment plan, enabling you to live within your means while paying off debts over a three or five-year period. Some debts may be reduced or eliminated as part of this process as well. As with Chapter 7, filing for Chapter 13 invokes the “automatic stay” provision which puts an immediate stop to harassing phone calls, threatening letters and other collection attempts from bill collectors, including repossession, wage garnishment, lawsuits and other means.
Chapter 13 can be especially helpful to homeowners in default on their mortgage. Chapter 13 can put the brakes on foreclosure and help you get out of default, sometimes even stripping away a second mortgage or cramming down the outstanding principal balance on your mortgage to more accurately reflect the home’s market value. Stave off foreclosure and stay in your home while working on a plan to back control of your finances.
Consider Chapter 11 for Your Home Business
Most commonly thought of as a form of business bankruptcy, Chapter 11 is sometimes ideal for individuals with too many high-value non-exempt assets for a successful Chapter 7 or too much debt for Chapter 13. Chapter 11 lets you keep your valuable property while designing a payment plan to satisfy your creditors. Also, if you are running a business as a sole proprietorship, you know there is little difference between your personal finances and those of your business. Chapter 11 can be a lifesaver for small business owners, whether facing difficulties in their personal spending or business success.
Get Help Today from Jupiter Chapter 7 & 13 Bankruptcy Lawyer Julianne Frank
Being saddled with debt is serious. Debt problems and financial crises are a leading cause of marital problems and divorce and a major cause of suicide in the United States. However, you don’t need to let debt destroy your life; the US bankruptcy laws are here to protect you. If you are struggling with debt as an individual, family or small business owner in Palm Beach or Martin County, call Jupiter Chapter 7 & 13 bankruptcy lawyer Julianne Frank Law to discuss your options and find an effective solution to your financial troubles.