Bankruptcy Attorney in Ft. Lauderdale, FL
When you are completely unable to pay your outstanding debts, you have the option of legally declaring yourself so. When individuals, domestic partners or businesses declare bankruptcy, they can go several different routes. In the United States, there are six different types of bankruptcy:
Chapter 7, Chapter 9, Chapter 11, Chapter 12,
Chapter 13 and Chapter 15. Only Chapters 7 and 13 are applicable to the average individual who might find him or herself unable to pay outstanding debts. Chapters 9, 11, 12 and 15 usually apply to businesses, municipalities or international cases.
Though both types of bankruptcy are complex and intricate, your bankruptcy attorney at Tiller Law can ensure that you follow the proper legal channels, complete all necessary forms and provide the required documents in order to smooth the way for your bankruptcy declaration.
Chapter 7 bankruptcy: In this type of declaration, you sell some assets in order to pay off creditors, but you are allowed to keep the majority of your assets due to important exemptions. It is very important that you work with a competent South Florida bankruptcy attorney when you are declaring Chapter 7 in order to ensure that you are aware of the eligible exemptions.
Chapter 13 bankruptcy: This type of bankruptcy involves a financial reorganization. If you are having trouble paying your mortgage, a Chapter 13 declaration can stop foreclosure and allow you to pay off your debts in a manner that is much easier and manageable.
Do you need a bankruptcy attorney?
With the help of a legal professional, you can achieve relief from your overwhelming debts. A qualified lawyer at Tiller Law can provide you with the legal advice and representation that you need to help get your life back on track.
When you declare bankruptcy, there are
exemptions of which you should be aware. These exemptions will allow you to keep assets and property that you already have while still receiving a “clean slate” after you file for Chapter 7 or Chapter 13 bankruptcy. Your attorney at Tiller Law will ensure that you have the necessary information regarding your bankruptcy case.
Contact a Ft. Lauderdale Bankruptcy Attorney at Tiller Law today to discuss your Chapter 7 or Chapter 13 declaration.