Bankruptcy Attorney in Orlando

Filing for Bankruptcy in Orlando

Debt can destroy a person’s well-being. While most people hope to be able to repay their debts and regain control of their finances, this doesn’t always happen. Bankruptcy is a solution to clear all debts or structure plans to repay them in order to help a person have control of their life again. When used correctly, bankruptcy in Orlando can help individuals and families seek a new financial start.

Whether you have already received collection actions or want to take action beforehand, we're here to help. Dealing with debt and filing for bankruptcy in Orlando can be a difficult time in your life. Our Orlando bankruptcy lawyer is highly knowledgeable about all areas of bankruptcy law and can help guide clients through the process.

Chapter 7 Bankruptcy in Orlando

In the state of Florida, Chapter 7 bankruptcy is known as liquidation bankruptcy. This is where a person gives up non-exempt assets to be liquidated and used to pay off debt. The downside of this solution is that creditors can still claim your property to satisfy outstanding balances. Once as many of your assets as possible are used to pay back debts, the rest is discharged. You will need to pass a means test to prove that your income is not sufficient for repayment in order to qualify.

Filing for Chapter 7 allows you to:

• Put a stop to collection calls
• End collection actions
• Discharge unsecured credit cards/loans
• Eliminate certain tax debt
• Eliminate medical bills
• Release wages and bank accounts

Chapter 13 Bankruptcy in Florida

Another method of bankruptcy in Florida is Chapter 13 bankruptcy. This type is also known as restructuring, where the consumer works to draft and negotiate a repayment plan with all of the creditors to whom they owe money. Our goal is to help our clients negotiate a plan to reduce the amount they owe and will have to pay back. Over the following three to five years, the payment structure will help those debts to be repaid.

At the Law Office of Jose E. Lopez, we are here to help guide and protect our clients. Our bankruptcy lawyer in Orlando understands the need to get out of debt you simply cannot repay. Bankruptcy may offer a solution to the financial situation you are in, and we can help you explore it. Call us now to learn more.

How can a lawyer help with bankruptcy?

An experienced Orlando bankruptcy attorney can give you answers to all your questions, as well as help you prepare for complications you may not have considered. Your lawyer can also handle all the challenges that come with dealing with creditors to ensure you are able to sleep at night. Their goal is to make sure you have the smoothest transition possible into financial freedom.

Frequently Asked Questions

Below, we have posted answers to questions we frequently hear from our clients. Our goal is to help you work yourself back into financial independence. If you have further questions concerning bankruptcy and how to get started, we are here to help.