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Bankruptcy Attorney Jupiter FL

Robert C. Hackney- Bankruptcy Attorney Jupiter FL. A bankruptcy attorney is a necessity because today we live in a different world. We all know that present economic conditions have financially devastated many families in South Florida. Foreclosures, deficiency judgments, job loss and other calamities have people wondering what to do next. While personal bankruptcy is not the right solution for everyone, it can be a new financial beginning for many people. America is one of the few countries that allows people to restart their financial life and put their debts behind them. For clients who are searching for options, bankruptcy is an option that needs to be explored.

 

Bankruptcy Attorney Jupiter FL: Chapter 7 & 13

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Chapter 7 Bankruptcy Attorney Jupiter FL

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 Bankruptcy Attorney Jupiter FL info

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Chapter 13 Bankruptcy Bankruptcy Attorney Jupiter FL

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 Bankruptcy Attorney Jupiter FL info

 

Free Bankruptcy Assessment

We provide guidance and advice to clients who are trying to decide which direction to take. Many people don’t know, for example, that the lien created by a second mortgage on their home might qualify to be removed as part of the Chapter 13 process, or that some income tax liabilities can be discharged in a Chapter 7 or reduced in a Chapter 13 filing. Call us to set up an appointment to discuss, in confidence, your individual situation.There is no charge for your initial consultation.

Choosing a bankruptcy attorney

Bankruptcy Attorney Jupiter FL: How to choose the right one

Do not be hasty in your choice of a Bankruptcy Attorney Jupiter FL. Consider if the Bankruptcy Attorney Jupiter FL makes you comfortable and is considerate about your problem.  Try to see if the Bankruptcy Attorney Jupiter FL 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 Bankruptcy Attorney Jupiter FL is the fee.  At this time the client should honestly explain his or her situation to the Bankruptcy Attorney Jupiter FL and try to gauge if they are comfortable with the attorney and their staff.  At the same time our Bankruptcy Attorney Jupiter FL will give you feedback on your situation and the options thereon. When conversing with our Bankruptcy Attorney Jupiter FL, 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 Bankruptcy Attorney Jupiter FL. Though the fee of a Bankruptcy Attorney Jupiter FL 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 Jupiter, 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 Bankruptcy Attorney Jupiter FL can help you determine the best course of action to resolve your financial issues. Several of the most well known types of bankruptcies in Jupiter 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.