Bankruptcy Attorney West Palm Beach
When you choose a Bankruptcy Attorney from the LaBovick Law Group in West Palm Beach Florida, you get a lawyer with experience in helping people find solutions to financial troubles and helping people plot a course to financial recovery.
Understanding Florida bankruptcy laws and choosing the best solution to personal or business financial problems is not easy. The West Palm Beach lawyers at LaBovick Law Group help individuals and business owners understand their options regarding bankruptcy. We evaluate each client's unique financial situation to determine the most effective solution for financial wellness.
In certain circumstances, filing bankruptcy can be a good solution for someone facing financial challenges and difficulties. Our bankruptcy attorneys assist clients through the legal process of filing for bankruptcy and work to determine what the best options to fit their clients' needs are based upon current Florida bankruptcy laws.
Offering Custom Solutions to Bankruptcy Clients
Our Florida bankruptcy lawyer team is committed to providing clients with outstanding customer service from the beginning to the end of a bankruptcy proceeding. We evaluate each client's situation to determine whether bankruptcy is the correct choice. They personally discuss the various bankruptcy options with clients and create custom solutions for individual situations.
Chapter 7 Bankruptcy is commonly referred to as a liquidation available to those who fit within specific guidelines of Florida bankruptcy laws. This effectively discharges most unsecured debt to create a clean slate and fresh start. If you file a Chapter 7 bankruptcy, you may be able to obtain a discharge of the following debts:
- Hospital Bills
- Tax Liens
- Payday Loans
- Financially-Related Judgments
- Credit Card Bills
The current Florida bankruptcy laws require you to pass a means test to file Chapter 7 bankruptcy. You may be able to file Chapter 7, if your current monthly income is below the adjusted median income in Florida.
There are options for individuals with incomes above the Florida adjusted median income when you factor in living expenses such as medical insurance, retirement plan contributions and car payments. Our experienced Florida Bankruptcy Attorneys have successfully helped many individuals file Chapter 7 bankruptcy.
Assets and Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, a bankruptcy trustee can take assets for paying your debts, a method known as "liquidation". However, in Florida, there are specific types of property that are exempt from seizure.
This exempt property can include:
- Home equity
- Equity in your car up to $1000
- Personal property up to $1,000
If you are being harassed by creditors, facing eviction, wage garnishment, repossession or foreclosure, you may be able to file Chapter 7 bankruptcy to put all of this on hold.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is commonly known as personal reorganization of debt. This is available top those individuals who want to keep their assets and have income. This process is about developing an effective payment plan to resolve debt. An individual may be able to qualify for Chapter 13 bankruptcy as another means of debt relief if Chapter 7 is not an option. It is important to realize that certain debts are not dischargeable by Chapter 13 bankruptcy, such as taxes, car payments and mortgage payments. However, certain assets can be kept by filing a reaffirmation agreement with the court and making payments.
Contact a Bankruptcy Attorney West Palm Beach
If you're ready to obtain a fresh financial start and to regain your peace of mind and quality of life, contact a South Florida lawyer at the LaBovick Law Group today to schedule a free initial consultation. Our Florida Bankruptcy Lawyer team, paralegals, and case managers represent clients throughout Florida, including Palm Beach County, the Treasure Coast, Palm Beach Gardens, West Palm Beach, Jupiter, Boynton Beach, North Palm Beach, Stuart, Deerfield Beach, Port St. Lucie, Vero Beach, Lake Worth, Tequesta, Ft. Pierce, Lake Park, Riviera Beach, Boca Raton, Fort Lauderdale, Orlando, Tampa, Jacksonville, Miami, Pompano Beach, Hollywood, Coral Springs, Delray Beach, Greenacres and Wellington.
If you wish to discuss your matter with an experienced bankruptcy attorney West Palm Beach, please call Toll Free: 1-888-777-3884.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.