Bankruptcy is a legal process involving a person or business that cannot pay the overwhelming debt they owe. It is a financial reset that helps businesses and their owners reorganize and start afresh or get back in shape. Bankruptcy is vital in business because it allows struggling companies to either restructure their debts or, in some cases, close down in an organized way rather than just shutting down abruptly.
It allows for a second chance or a way to manage debts when things get too tough. An individual or business can file bankruptcy independently, but bankruptcy law is not straightforward. Navigating the intricacies of financial distress can be daunting.
However, with a bankruptcy lawyer’s knowledge and expertise, individuals and businesses can go through this process with as much help as possible. If you, as an individual or business owner in Kissimmee, are in financial trouble, contact Lewis Roberts, PA; I can help you.
Why You Should Hire Me as Your Kissimmee Bankruptcy Lawyer
As an individual or business owner, you might be buried under a burden of bills you cannot pay. It could be credit card debt, student loans, medical bills, or your business is sinking in debt. Bankruptcy laws can be complex, so hiring an attorney with excellent skills and experience is essential to find the best solution for you.
Work with me, and I will help you protect your most important assets.
I have worked with thousands of clients, and my experience with them and my knowledge of bankruptcy laws equip me to help relieve your financial burdens. I will help tackle your problems and ensure you know the best possible solution for your unique situation. Ready to take control of your financial future? Contact me at (407) 749-0080.
Who Is a Bankruptcy Lawyer?
A bankruptcy lawyer is a legal professional helping individuals or businesses deal with financial issues. These attorneys provide guidance, representation, and expertise in navigating the complex legal processes associated with bankruptcy filings. They help clients understand their options, advocate for them in court, and work to achieve the best possible outcomes based on their financial circumstances.
A bankruptcy attorney can advise and help you to know the following:
- If it is in your best interests to file for bankruptcy
- The type of bankruptcy to file
- How the bankruptcy process works
- The court-provided forms you need to complete
- The kind of debt that can be reduced or removed
- If you will be able to retain your properties after the case concludes.
Why You Need a Kissimmee Bankruptcy Lawyer
As an individual or business owner on the brink of bankruptcy, you can represent yourself in court; your situation will determine if representing yourself is the right option. However, you have a better chance of successfully declaring bankruptcy when you hire an attorney.
According to a study by the 2018 American Bankruptcy Institute, individuals representing themselves in a liquidation bankruptcy case are nearly ten times more likely to have their cases dismissed or their debt discharge requests denied than those a lawyer represents. Depending on the type, filing for bankruptcy can be on your credit report for about seven to ten years.
Therefore, you should consider hiring a bankruptcy lawyer. The following are a few reasons why you need one:
- When you are tired of hearing from your debtors: Being constantly bugged by a debt collector can be frustrating, but you don’t have to deal with them when you hire a Kissimmee bankruptcy lawyer; your lawyer can do that. Once you let your debt collector know that an attorney represents you, they should communicate with your lawyer, not you.
- When you are not comfortable handling the bankruptcy case on your own: Standing in court to represent yourself can be very intimidating; a bankruptcy lawyer can do that on your behalf.
- When the paperwork bothers you: Court cases usually involve a lot of documents. An incorrectly filled paperwork or paperwork turned in after its deadline, among other mistakes, could endanger your bankruptcy case. When you hire a bankruptcy lawyer, they can help you keep the paperwork on track, along with other necessary documents.
Different Types of Bankruptcy Cases Handled by a Kissimmee Bankruptcy Attorney
According to the United States Bankruptcy Code, there are six types of bankruptcy, but there are two specific types that Kissimmee bankruptcy lawyers file and they are Chapter 7 and Chapter 13 bankruptcy.
Chapter 7 Bankruptcy Case
This policy is also called liquidation bankruptcy. Some individuals are supposed to pay off their debts monthly, but due to their financial situation, they can’t; this type of bankruptcy was designed for them.
Once Chapter 7 has been completed, you will be released from your responsibilities for dischargeable debts covered in this particular bankruptcy case.
Chapter 13 Bankruptcy Case
This type of bankruptcy case is also known as a repayment plan or wage earner’s plan. In this case, the court in Kissimmee approves a repayment plan that lets you pay off your debts over a short period, usually a three-to-five-year period.
Once the debts have been paid, you will no longer be responsible for them. During the Chapter 13 payment plan, you must make all your mortgage payments on time.
Do not delay; your debt situation can only worsen if not addressed.
Kissimmee Bankruptcy Lawyer FAQs
The following are some of the questions frequently asked by our clients:
What Types of Debt Can’t be Included in a Bankruptcy Case?
Debts that can’t be discharged, meaning you’re legally required to pay. Examples are student loans, taxes, child support, and alimony.
What Types of Bankruptcy Case Do Kissimmee Bankruptcy Lawyers Handle?
Kissimmee bankruptcy lawyers typically handle Chapter 7 and Chapter 13 bankruptcies, offering expertise in personal and business-related financial challenges.
Will Filing for Bankruptcy in Kissimmee Erase All My Debts?
Bankruptcy can discharge certain debts, but not all. Debts like taxes, student loans, and child support typically survive bankruptcy, but a lawyer can guide you through which debts may be discharged.
These may not be your only questions; our attorneys will discuss your specific concerns in your initial consult.
How I Can Help You with Your Bankruptcy Case
I provide individual attention and guidance to every case I handle. I will work with you directly and handle your case from start to finish. I focus on Kissimmee bankruptcy and debt relief solutions and have an in-depth knowledge of the complex details of federal and state laws.
Also, I will work with you to find the best possible solution for your situation. If you find any aspect of your bankruptcy case confusing and need an explanation, I will provide simplified and detailed answers. So do not hesitate to contact me.
Get Help from Lewis Roberts, PA
As an experienced attorney, I deeply understand the stress and intricacies of financial turmoil. Engaging with a bankruptcy lawyer ensures you have a professional who listens to your concerns, assesses your unique circumstances, and provides counsel on whether bankruptcy or another debt relief measure is the most fitting solution for you and your loved ones.
I have resources to help you get back on the road to financial recovery. Contact me at (407) 749-0080 to book a consultation.