Have you had a life changing experience such as a major medical issue or losing your job? Are your bills piling up, you just can not pay for them and you have had threats to garnish your wages? If you have reached a point where you are constantly getting harassing phone calls from debt collectors or threats of foreclosure on your home, you need to meet with a Bankruptcy Attorney Fort Lauderdale, to discuss what options you have.
There are two types of Bankruptcy you can file for, chapter 7 and chapter 13. With chapter 7 Bankruptcy your combined household income must fall below a set amount , the courts can cancel your debts and may allow you to walk away with a clean financial slate. Chapter 13 is where the court sets up a time frame and payment plan for you pay back to your creditors a portion of the debt you owe them. The attorney you choose to work with will be able to explain which option is best suited for your case.
When filing for bankruptcy you will be ordered to attend mandatory online credit classes to assist you in learning how to budget and save money for your future. Once your petition has been filed you will receive a court date where you must appear at a meeting before a trustee that has been appointed by the courts. The Bankruptcy Attorney Fort Lauderdale, will attend this meeting with you and assist in any matters that may arise. Depending on which you choose to file, Chapter 7 or 13, you are giving yourself a fresh start towards a better financial future for you and your family.
The process when filing for bankruptcy is based on income, expenses, how much debt you have and if you are able to pay back any of it. To file for Chapter 7 you must file a petition with the courts that asks you the following questions, what type of property you own, income, living expenses, debts, personal property you have such as furniture, jewelry, vehicles, and any property you may of sold in the past two years. You will have to also submit pay stubs for the past 6 months and bank statements for a set amount of time.