Chapter 7 and Chapter 13 Bankruptcy Lawyers

Bankruptcy Attorney

At The Legal Action Network, we are experienced Bankruptcy Attorneys that protects the rights of those involved in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy proceedings in Central Florida... WE FIGHT FOR YOU!

Chapter 7 & Chapter 13 Bankruptcy Legal Representation

The bankruptcy attorney you choose to represent you may play a crucial role in helping you assess your financial situation and determine whether Chapter 7 or Chapter 13 bankruptcy is the most appropriate option for you. At the Legal Action Network, our primary goal is to protect our clients' legal rights throughout the bankruptcy process. Here's how a we may assist you in this decision-making process:

  • Comprehensive Financial Evaluation: A bankruptcy attorney will conduct a thorough analysis of your financial situation. They will review your income, expenses, debts, assets, and liabilities to understand the full scope of your financial difficulties. This evaluation helps determine if bankruptcy is the right choice and which chapter is most suitable.
  • Explanation of Bankruptcy Chapters: The attorney will explain the differences between Chapter 7 and Chapter 13 bankruptcies, including eligibility requirements, benefits, and limitations. They will educate you on the legal implications and the potential consequences associated with each chapter.
  • Means Test Calculation: For Chapter 7 bankruptcy, the attorney will help you complete the means test. This test compares your income to the median income in your state to determine if you qualify for Chapter 7. The attorney will assess your income, expenses, and deductions accurately to determine your eligibility.
  • Protection of Legal Rights: Throughout the bankruptcy process, the attorney ensures that your legal rights are protected. They will advise you on what to expect, provide guidance on the necessary steps, and help you navigate complex bankruptcy laws and procedures.
  • Evaluation of Debt Repayment Options: If Chapter 13 bankruptcy is being considered, the attorney will evaluate your ability to repay debts through a court-approved repayment plan. They will work closely with you to create a feasible repayment plan that considers your income, expenses, and other financial obligations.
  • Asset Protection Strategies: A bankruptcy attorney will help you understand the implications of bankruptcy on your assets. They will assess exemptions available under state or federal law to protect your property and advise on the best course of action to minimize the impact on your assets.
  • Negotiation with Creditors: In Chapter 13 bankruptcy, the attorney may negotiate with creditors to establish a repayment plan that is acceptable to all parties involved. They will advocate on your behalf and work towards achieving the most favorable terms.
  • Document Preparation and Filing: The attorney will handle the preparation and filing of all necessary bankruptcy paperwork, ensuring that it is accurate, complete, and filed within the required deadlines. This includes compiling financial records, drafting bankruptcy petitions, and representing you in court proceedings.
  • Representation in Court: If your bankruptcy case requires court appearances or hearings, the attorney will provide representation and advocacy on your behalf. They will present your case, address any concerns raised by the court or creditors, and protect your interests throughout the proceedings.

By offering legal advise and guidance, we help individuals make informed decisions about Chapter 7 or Chapter 13 bankruptcy. Will will aggressively work to protect your legal rights, alleviate financial burdens, and guide you towards a fresh start.

Call Toll Free 833.701.9222 to find out how we may be able to help you with your Chapter 7 or Chapter 13 Bankruptcy.

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Frequently Asked Questions

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What three things are not dismissed with Chapter 7 bankruptcy?

Chapter 7 bankruptcy does not discharge the responsibility for paying child support, alimony, certain taxes, educational benefit over-payments or loans, and debts for personal injury or death.

Thus, it is important to be aware of these debts when filing for Chapter 7 bankruptcy.

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What does Chapter 7 bankruptcy forgive?

Chapter 7 bankruptcy is designed to forgive most forms of debt. It eliminates debts such as credit card balances, medical bills, past-due rent payments, payday loans, overdue cellphone and utility bills, car loan balances, and even home mortgages in as little as four months.

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Is Chapter 7 bankruptcy bad?

Although Chapter 7 bankruptcy can have negative consequences, it is sometimes necessary to help people make a fresh start financially. While there are definitely negatives to consider, it's important to weigh all of your options before deciding what's right for you.

It is important to understand the implications of filing for Chapter 7 bankruptcy. It can have a negative impact on your credit score and make it difficult to obtain credit in the future. Additionally, certain assets are available.

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What happens to most of your assets in a Chapter 7 bankruptcy?

In a Chapter 7 bankruptcy, the debtor's assets are typically liquidated and used to pay off creditors. This is a common practice that helps the debtor resolve their debt while protecting certain types of assets.

Certain assets are protected in a Chapter 7 bankruptcy. These include certain types of retirement accounts, such as 401(k)s and IRAs, as well as certain types of insurance policies and annuities. Additionally, some states have laws that protect certain types of property, such as a homestead exemption. https://www.thebalance.com/.

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Is Chapter 7 bankruptcy bad?

Chapter 7 bankruptcy can be a difficult experience, as it can involve losses of property and your credit score will take a hit. It may also stay on your credit report for 10 years, which could lead to difficulties in getting loans or other forms of credit.

While this type of bankruptcy does have its drawbacks, it may provide you with the best chance of becoming debt-free and having a fresh financial start.

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Check Out Our Bankruptcy Blog Articles

Bankkruptcy may provide you with a fresh start to repair your credit. If you are considering bankruptcy, contact our office so you know the options that may be available for you.

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Call: 833.701.9222

Schedule A Free, Confidential Case Analysis

If you are considering filing for Bankruptcy, knowing your rights and options is extremely important. Make sure you are informed, and engage in the Bankruptcy process properly, and your rights are protected Call Us at 833.701.9222 to discuss your Chapter 7 or Chapter 13 Bankruptcy case. Get someone on your side who will be honest and direct. Call today.

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