Filing for bankruptcy is often perceived as a scary thing to do and something you should only do if you are in dire circumstances. This is actually not true. Filing for bankruptcy in Florida can be a liberating experience and a way to possibly start fresh. To determine if you should file for Chapter 7 or Chapter 13 bankruptcy, there are questions you should ask yourself and actions you should take including contacting me.

Questions to Ask Yourself When Considering Bankruptcy Orlando, Florida

The following questions are meant to help you assess your financial position:

  • Are you using your credit cards to pay for necessities?
  • Are you making minimum payments on your debts including credit cards?
  • Do you receive repeated calls from bill collectors and collection agencies?
  • Are you uncertain of how much you owe on each of your debts?
  • Does debt consolidation seem like your only answer?
  • Do you panic when thinking about your finances?

If you answered yes to any of these questions, you should consider how bankruptcy might help.

What is Bankruptcy in Altamonte Springs, Florida?

Bankruptcy is the legal process to eliminate debt when you are no longer able to pay. It doesn’t necessarily mean your debts outweighs your assets.  It is more concerning when your income does not enable you to make payments on your debts (mortgages, car loans, credit cards, for example) as well as meet your basic living requirements (food, utilities, clothing, daycare).

How Do I Declare Bankruptcy in Maitland, Florida?

The first thing to do once you have run your numbers is to call me for a free consultation where we discuss the different types of bankruptcies available. Chapter 7 and Chapter 13 bankruptcy in Florida are the most common but have different processes and goals. Chapter 13 bankruptcy has greater protections than a Chapter 7 but takes longer to complete. Contact me today, and I will help you understand the differences and how the process works so you can make the best decision for you and have the support of my 12 years of bankruptcy in Florida experience.