Ft. Lauderdale Bankruptcy Lawyer

Common Questions about Bankruptcy and Debt Relief

Will my credit be completely destroyed if I file for bankruptcy?

Although it is true that your credit report will reflect the fact that you filed for bankruptcy, in many cases those who are filing already have serious credit problems and their credit report may actually improve after a fairly short period of time. The debt that once was overdue and reported to credit agencies is now no longer owed (for discharged debt in Chapter 7). Many don't realize that a foreclosure can be much more difficult than bankruptcy if you hope to purchase a home again in the future. A Ft. Lauderdale bankruptcy lawyer from our firm can help you determine if you qualify, or if another option would actually work better for you or your company.

Can't I file for bankruptcy myself?

Yes, but most of those that attempt this discover that the process is quite complex, and any errors or failures to correctly fill out forms or show all assets can lead to delays or being denied the option to file, or even legal problems if you failed to correctly answer questions on the Means Test.

How long does the bankruptcy process take?

The entire process is ordinarily complete within a 4 - 6 month period of time. The first and most beneficial change that our clients notice is how much their lives have changed from the beginning of the process, as an automatic stay on collections takes place. This means that creditors are no longer legally allowed to contact you by phone, letter or any other method. This allows you to move forward with rearranging your life and finances so that you can get a fresh start, without the overwhelming stress of ongoing creditor actions.

Will I lose my home?

Each case is as unique as the individuals involved, and if you choose to keep your property, there are frequently very effective legal actions we can take to help you do so.

Contact a Ft. Lauderdale bankruptcy attorney from our firm for more information and answers to questions about your specific financial situation.