Bankruptcy Attorney: Palm Beach & The Treasure Coast

Chapter 7 Bankruptcy Laws, Stuart, Jupiter, West Palm Beach, Florida A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor’s property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain “exempt” property; but a trustee will liquidate the debtor’s remaining assets. Accordingly, potential debtors should realize that the filing of a petition under chapter 7 may result in the loss of property …more info

Chapter 13 Bankruptcy Laws, Stuart, Jupiter, West Palm Beach, Florida A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor’s current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period “for cause.” (1) If the debtor’s current monthly income is greater than the applicable state median, the plan generally must be for five years. In no case may a plan provide for payments over a period longer than five years. 11 U.S.C. §1322(d). During this time the law forbids creditors from starting or continuing collection efforts …more info

Choosing a Bankruptcy Attorney / Lawyer, Stuart, Jupiter, West Palm Beach

Do not be hasty in your choice of a Bankruptcy Attorney in Stuart, Jupiter and West Palm Beach FL. Consider if the west palm beach bankruptcy attorney makes you comfortable and is considerate about your problem.  Try to see if the west palm beach bankruptcy attorney staff are organized, punctual and work well together.  Last but not the least, you should also ensure that matters about the bankruptcy attorney fees and payment are settled. The first consultation with our west palm beach bankruptcy attorney is free.  At this time the client should honestly explain his or her situation to the west palm beach bankruptcy attorney and try to gauge if they are comfortable with the attorney and their staff.  At the same time our west palm beach bankruptcy attorney will give you feedback on your situation and the options thereon. When conversing with our west palm beach bankruptcy attorney, find out how long he or she has been in practice, what the specifics of their specialization are, approximately how many cases they have handled and what your expectations should be from the attorney in terms of representation. Also find out if the attorney will be personally attending to your case and that it will not be passed on to a junior lawyer or staff. Ask as many questions as you need and make sure you are comfortable with the fact that you are appointing them as your west palm beach bankruptcy attorney. Though the fee of a west palm beach bankruptcy attorney is an important consideration, do not make that the only factor when making a choice.  The bottom-line is your level of comfort and the confidence you feel toward the attorney. Give us an opportunity, and be rest assured that your case is in safe hands. Not every individual in financial distress, in west palm beach fl, needs to file for bankruptcy to reorganize their finances. However, when suitable – bankruptcy can provide a fresh start. Bankruptcy claims are filed in the Federal Court System as a solution to insolvency.
There are various types of bankruptcy and reviewing your finances, assets, and delinquencies with a qualified and experienced west palm beach bankruptcy attorney can help you determine the best course of action to resolve your financial issues. Several of the most well known types of bankruptcies in West Palm Beach are Chapter 7, chapter 11, and Chapter 13, bankruptcies. A Chapter 7 bankruptcy is filed by an individual and a trustee assigned to the case assists in determining which assets will be liquidated and which are exempt in paying off debts and creditors. In a Chapter 13 bankruptcy, the individual expects to have future income allowing him to pay off debt within a 3-5 year time period. Under supervision of the court, finances are re-organized and a payment schedule is devised.

Get Answers to the top 101 Frequently Asked Bankruptcy Questions

• What are the lawyer fees for declaring bankruptcy?
• What debts does bankruptcy erase?
• What’s a bankruptcy discharge & how can I get one?
• If I declare bankruptcy, will I ever have credit again?
• Is Credit Counseling better than bankruptcy?
• Can I be fired for filing bankruptcy?
• When will my bankruptcy be discharged?
• If I declare bankruptcy will I be able to keep any of my credit cards?
• Can I file for bankruptcy If I filled before?
• In bankruptcy, will they take my car, what do I get to keep?
• Who will know I have filled for bankruptcy?
• Will Bankruptcy affect my spouse?
• Will Bankruptcy Stop Creditors Harrasing me?
• What is Chapter 13 Bankruptcy?
• What is Chapter 7 Bankruptcy?