Bankruptcy is a legal process that is designed to help you when you owe more money than you can afford to pay back. Bankruptcy is for single people, married couples, landlords, and even small businesses. Bankruptcy gives you immediate relief from debt collectors, bank foreclosures, wage garnishment, and car repossession.
Corporate propaganda tells you that bankruptcy is bad and only for people that don’t want to pay their bills. The truth is that almost everybody that files bankruptcy files due to reasons beyond their control, such as severe health problems and the medical bills that come with it, losing your job, and economic downturns beyond your control.
Bankruptcy is Good Business
Have you ever wondered why major corporations file bankruptcy all the time to save money and generate revenues but when a consumer considers bankruptcy they are told not to do it? That is because powerful corporations don’t want to let you in on the secret, that bankruptcy is good business. There are a number of ways that bankruptcy can be good business for you. They are:
- Bankruptcy eliminates debt.
Bankruptcy stops negative reporting on credit.
Bankruptcy can save your home.
Bankruptcy can keep you in your home longer even if you don’t want to save it. The money you will save in not paying rent will be substantial.
Bankruptcy can stop debt collection harassment.
Bankruptcy creates a protection zone for you from creditors.
Bankruptcy allows you to collect damages from debt collectors and corporations that are pursuing bad claims against you.
Bankruptcy allows you to sue zombie debt collectors who keep calling even after you have wiped out the debt;
Bankruptcy is the first step back to great credit. Bankruptcy gets you out of the bad credit quicksand and reboots your credit report. Not only do you set the floor with bankruptcy, you also now have the chance to get your score to A+ territory.
Bankruptcy can make you a homeowner again. Many major lenders are qualifying homebuyers 1-2 years after bankruptcy for low interest home loans.
Bankruptcy in 30 Days
From start to finish our bankruptcy process is fast, efficient, and straightforward. Once you’ve paid your bankruptcy fees our office will be prepared to file your bankruptcy within 30 days. Most importantly, you will deal directly with our bankruptcy lawyers and not waste precious time dealing with legal staff.
Here’s how the process works:
Discuss your financial situation directly with a lawyer either over the phone or in the office. Discuss your situation, get questions answered, determine if bankruptcy is right for you, and map a plan to move forward with filing your bankruptcy.
Typically an in-office meeting directly with your bankruptcy lawyer. We will review your completed bankruptcy questionnaire packet and documents and answer any questions you have.
Your follow-up, in-office meeting with your bankruptcy lawyer usually within 7-14 days of your initial review. You will review the final bankruptcy petition with your lawyer and have the opportunity to get your questions answered. Once the final review is complete, you sign your bankruptcy petition, pay the filing fee, and we will file your bankruptcy.
Chapter 7 vs. Chapter 13 what’s the difference?
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is also known as a liquidation. A consumer would prefer a chapter 7 bankruptcy when they want to wipe out all their debts. When you are discharged from chapter 7 you should be debt free.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is also known as a reorganization. People that want to save their home are interested in chapter 13 bankruptcy.
If you’d like to figure out if bankruptcy is right for you please complete our free case review form.
Florida Consumer Lawyers will review your claim and discuss the matter with you for free.