Bankruptcy Lawyer in Ft. Lauderdale

Filing for Bankruptcy in Ft. Lauderdale

Filing for bankruptcy can be necessary when an individual or business no longer has the financial means to repay the debt they have accrued. While this is a legal status that can be initiated by a creditor in an effort to collect a debt, bankruptcy is most often filed by the individual who owes the debt, with the intent to be found legally exempt from repaying the debt due to financial insolvency. While bankruptcy has almost always had a negative stigma associated with it, a greater need for it in recent years by individuals and businesses has made this process much more widely accepted and understood throughout society. Many of your friends and neighbors are probably already experiencing the relief of getting a fresh financial start.

There are no income minimums or maximums required for filing bankruptcy in Florida, and each case is taken on an individual basis, taking into account total income and worth as well as the total amount of debt owed to creditors. The court examines each case with complete neutrality, and makes decisions based on figures rather than circumstances. Individuals and those that are self employed in their own businesses alike may file for chapter 7 or chapter 13 bankruptcy, depending on the specific situation. For individuals with a significant amount of debt or corporations, you may be interesting in learning about Chapter 11 for corporations, Chapter 11 for individuals or Chapter 13 vs. Chapter 11 (debt limitation). If you are considering filing for bankruptcy in Florida, consult an experienced Ft. Lauderdale bankruptcy attorney who can navigate you through this often complicated and confusing process.

How to File for Bankruptcy

Filing for bankruptcy can be a very difficult, time-consuming and frustrating process. Not only does the individual or business have the opportunity to present evidence for their inability to pay, but out-of-luck creditors can also use a bankruptcy filing as an opportunity to collect as much of the remaining debt as they can. Liquidation may be necessary in many cases to repay as much debt as possible, but there are ways that the Florida residents can exempt certain properties from liquidation. The Law Offices of Brown, Van Horn P.A. has over 40 years of experience successfully guiding individuals and businesses through the bankruptcy process, and we will aggressively pursue every option to help you get a fresh start.

Contact a Ft. Lauderdale bankruptcy lawyerif you no longer have the financial means to repay your debts and would like to find relief from creditors seeking repayment.