Bankruptcy Attorneys in Lehigh Acres, FL

Filing for bankruptcy is an important decision, so it is imperative that you have all the information you need. Our attorneys at Del Pino & Granados Law Firm in Lehigh Acres, Florida, is dedicated to making the process as simple and stress-free as possible. Our attorneys have compiled some information on the most common types of bankruptcy to help you get started. For additional information, contact us today to speak with our helpful attorneys. She is always happy to answer any questions you may have.

Notice Of Bankruptcy Form — Hialeah-Miami & Fort Myers, FL — Del Pino Law Firm

If you are overburdened with debt because of past due mortgage payments, unsecured loans, high medical bills, or credit card debt.

Filing for bankruptcy may be your key to obtaining financial relief. One of the primary purposes of bankruptcy is to discharge certain debts in order to give an honest individual debtor a fresh start. Filing bankruptcy immediately stops all creditors from seeking to collect debts from you, and stops any foreclosure proceedings you may be involved in.

We understand that filing for bankruptcy can be nerve-racking, but we are here to make the process easy for you by guiding you through the entire process and helping you reach financial stability.

Chapter 7

Chapter 7 is the most common bankruptcy accounting for 60-70% of all consumer bankruptcy filings. In a general sense Chapter 7 is a liquidation. A debtor seeking relief under Chapter 7 is willing to liquidate assets to satisfy his/her debts. It is important to note that not all assets will be liquidated (or surrendered). There are exemptions that allow a debtor to keep certain items. It is important to speak with an Attorney to determine which exemptions are applicable in a given case. Chapter 7, in most cases, is the quickest way out of debt, but it is not available or advantageous for all people. Speak with our attorneys in Lehigh Acres, Florida help answer any questions you have about chapter 7 bankruptcy.

Chapter 13

Chapter 13 is a reorganization or restructuring of debt. Chapter 13 allows a debtor to pay back some or all of their debt based on their ability to repay. The debtor in Chapter 13 submits a plan to the Court for the treatment of his/her creditors. Each plan is specifically tailored to each case.

Chapter 13 may allow the debtor to reduce principal balances on car loans and investment property, and in some cases can allow a second or third mortgage or equity line to be removed from a primary residence. Chapter 13 may also be able to help save your primary residence from foreclosure. It is important to discuss your specific situation with an Attorney before deciding on when or even if to file. All possible solutions should be explored, such as debt consolidation, a short sale, deed in lieu of foreclosure, or foreclosure defense. Request a consultation for those in Lehigh Acres, Florida, for more information.