Debating The Right Type Of Bankruptcy For Your Situation
A common question that we at often hear is, “Which type of bankruptcy is right for me?” The easiest answer may be that it depends on what your goals are. If you come to our offices in Sarasota, Venice, or Lakewood Ranch, Florida, for a consultation, an experienced bankruptcy attorney will work with you to create a plan that meets your needs.
We Can Help You Make The Right Decision About Filing For Bankruptcy
The financial crisis hit Southwest Florida especially hard, causing many people to seek bankruptcy protection. Everyone’s situation is different, however. We can help you figure out if Chapter 7 or Chapter 13 is the right fit for you by determining:
- Do you have a lot of assets? If so, you may want to file for Chapter 13 because you can afford the monthly debt payments. If you have minimal assets, a Chapter 7 filing may work best.
- Are you trying to get through the process quickly? A Chapter 7 liquidation bankruptcy can usually be completed in a few months, while a Chapter 13 filing will involve making monthly debt payments for three to five years.
- Are you trying to stop a foreclosure? A Chapter 13 filing can buy you more time if you are fighting foreclosure and you are requesting a mortgage modification.
- What type of debts are you trying to get rid of? For some secured debts, declaring bankruptcy may not be the best option. We have extensive experience negotiating with creditors to help our clients receive workable debt settlements.
The right legal representation can be the difference in a bankruptcy filing that proceeds easily and saves you a great deal of stress. Call our Sarasota office at 941-366-1300 to schedule your consultation with a bankruptcy lawyer who will address your concerns and craft a plan that is right for you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.