Bankruptcy Attorneys in Miami
When contemplating filing for bankruptcy, it is important to understand that the process is not easy or fast. Bankruptcy may still be the fastest way to eliminate debt. However, Bankruptcy law is wrought with legal intricacies. If you are unfamiliar with the consequences or fail to follow the process properly, the consequences will waste your already limited resources and can lead to even greater loss of real estate property, motor vehicles, savings, or personal belongings.
Bankruptcy is often the result of financial hardship which may including: reduced income, no income at all, or overwhelming debts, therefore every option must be carefully considered in order to achieve the best possible outcome for your specific situation. At Marrero, Chamizo, Marcer Law, LP our Attorneys work hard to provide our clients experienced guidance.
We take the time to discuss your legal options to help you carefully make an informed decision that’s right for your specific situation in order to achieve your goal of overcoming this difficult and stressful time to help you gain financial stability once again. We are hereby to stand with you every step of the way to help you succeed with your bankruptcy process and help you obtain a fresh new financial start.
Bankruptcy in Miami, Florida and You
Before declaring bankruptcy, you should take time to carefully consider your options with an experienced Bankruptcy Attorney. The implications in Federal Court concerning Bankruptcy laws are serious and you should by all means avoid putting yourself in an even worse position than what you’re already facing. While Bankruptcy is generally considered a last resort option for most situations. If you do decide to go through with filing for bankruptcy relief, we are available to provide legal counsel and guidance to protect your best interest throughout the process. Once you declare bankruptcy, you may immediately benefit from the several advantages that accompany a claim.
Benefits of Filing Bankruptcy
Bankruptcy can help resolve problems associated with personal or corporate finances. Once you file a Bankruptcy petition it generally provides additional time to solve financial issues but the most obvious impact is that it yields immediately debt relief and helps stop those harassing phone calls from creditors. Bankruptcy is able to address the following:
Discharge or eliminate most debts including, but not limited to:
- IRS Debt
- Medical Bills
- Credit Cards
- Subordinate Mortgage Loans
Prevent the following:
- Debt Collection Harassment
- Utility Service Termination
- Wage Garnishment
- Driver’s License Suspension
- Passport revoked
Allows Additional Time to get current with your Monthly Payments
You should not simply declare bankruptcy; you must be certain to understand the different types of claims to determine your eligibility and the respective processes before deciding which option is best for you. Our experienced Lawyers have a thorough and comprehensive understanding of the Federal rules and the Bankruptcy Laws to help you avoid any irreversible mistakes and make sure you gain the most from your Bankruptcy filing.
The Types of Bankruptcy Claims
Bankruptcy court in Florida primarily handles six separate types of bankruptcy. The average person usually must claim one of the most common types of bankruptcy: Chapter 7, 11, or 13. These types of bankruptcy claims are among the most commonly seen in bankruptcy court. Different bankruptcy types involve a variety of processes and purposes, depending on their details. At Marrero, Chamizo, Marcer Law, our Attorneys will help you understand different bankruptcy types and work to determine which one is most applicable to your situation.
A chapter 7 bankruptcy case primarily involves the liquidation of debt. Depending on your assets and what Bankruptcy Law protections in the State of Florida may be applicable to your case, you may either discharge all your debts at once or some of your creditors may be paid as your property and assets are sold through an appointed United States Bankruptcy Court Trustee. Chapter 7 can help settle debts on both a personal and corporate financial level. When you file chapter 7 bankruptcy, you are protected from any further obligation on all discharged debts.
A chapter 11 bankruptcy claim is a corporate level approach to protecting a business. Under the claim a company’s debts and finances are restructured and reorganized in order to create a new business approach. You are able to use this new approach to handle company solvency and creditor debts alike. The Bankruptcy Court may however, appoint a United States Trustee to restructure the business and help with the process.
A chapter 13 bankruptcy claim allows for debts to be repaid over a court-approved bankruptcy plan over a determined period of time upto five years. The debt is not discharged until the court-approved Bankruptcy plan is paid in full. In the State of Florida, there are certain laws that pertain to asset protection thats apply to a debtor. Many Floridians benefit from these bankruptcy protections by maintaining their rights to certain property. While you are expected to pay off most of any debts within three to five years, you may end up not having to pay some of your creditors depending on their actions and the timing of their claims. In such cases, any such debts may be forever discharged upon completion of your Chapter 13 Bankruptcy claim.
The Bankruptcy Attorneys at Marrero, Chamizo, Marcer Law, LP Serve Clients in Miami and Surrounding Areas
We understand that claiming Bankruptcy Relief is not always an easy decision. The issues and complexity surrounding the matter may not help with this important decision. Our Attorneys understand how important it is to attain peace of mind after suffering from financial duress. Not only for you, but in most cases for both you and your loved ones. That’s why your case could use the experienced legal of our dedicated Lawyers and staff to help you face your issues with budgeting, negotiations, foreclosures, bills, and debts.
Our Miami Lawyers aim to provide legal guidance at a level that will help you work towards financial security and independence to allow you the benefit to enjoy life’s riches and what matters most again. Contact our Miami Law Firm today to schedule your no obligation consultation to discuss how you can best declare bankruptcy and gain peace of mind.