Orlando Chapter 7 And 13 Bankruptcy Attorneys
If you face serious debt and financial hardship, it can seem like a losing battle. No amount of effort can turn your debt around, and the creditors start calling daily. As it all seems to close in on you, you need to know there is hope.
Through bankruptcy, individuals and consumers are given a second chance at a fresh start and a more secure financial future. Many people, however, fight for years to avoid bankruptcy, sacrificing valuable assets and accounts that the process could saved.
Winter Park Debt Relief Attorney – Finding The Bankruptcy That Is Right For You
At Almeida & Gordy, P.A., our lawyers help clients understand learn the truth about bankruptcy, providing the information they need to decide if this is the best option for themselves and their families.
There are two primary forms of bankruptcy for consumers facing bankruptcy.
Chapter 7 Bankruptcy
Chapter 7, or liquidation bankruptcy, allows the individual to discharge all unsecured debt, such as credit card bills, medical debt and certain other payments. While this debt may disappear, creditors can seize assets and property, such as cars or valuable items, to repay part of the debt.
Chapter 13 Bankruptcy
Chapter 13, on the other hand, is a reorganization bankruptcy. This is for individuals who wish to keep certain debts and the property associated with them, such as a home or car. By consolidating the debts, many individuals are able to catch up on the debt. Individuals are allowed to submit a plan to repay the obligations over a specific timeframe. The court approves this plan, and the debtor starts a path to paying off all of the debt.
As soon as an individual files either Chapter 7 bankruptcy or Chapter 13 bankruptcy, a stop is placed on all foreclosures, repossessions and garnishments. Also, all creditor contact and harassment must end immediately. For many people, this is the breath of air they have been hoping for.
To arrange a free initial consultation to discuss your situation and to learn how bankruptcy can help, please contact an Orlando Chapter 7 and Chapter 13 attorney at our Florida office today at 407-680-1797.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.