Considering Filing Bankruptcy?
Whether or not you will be able to keep your home depends on many factors, including your home’s current value, amount that you owe on your home, your income, your bank’s financial position, financial markets and time. Being proactive in addressing foreclosure by contacting our Jacksonville bankruptcy lawyers immediately is the most important factor that you can control.
Yes. For Chapter 13 bankruptcies, a large portion of the attorneys’ fees can paid on a monthly basis through the Chapter 13 Plan of Reorganization. For Chapter 7 cases Adam Law Group is able to offer a flexible payment plan which divides the total attorneys’ fees into six affordable monthly payments.
The automatic stay is a powerful protection against collection activities of creditors provided by the United States Bankruptcy Code. Basically, the automatic stay prevents creditors from attempting or continuing to collect on debts without first getting permission from the Bankruptcy Court. The automatic stay protection is effective the moment that your bankruptcy petition is filed. Once your bankruptcy petition is filed wage garnishments and harassing phone calls will immediately stop.
Our experienced Jacksonville bankruptcy lawyers can help determine whether you qualify for a chapter 7 bankruptcy. Eligibility for a chapter 7 will be determined by family income, household size and other considerations. In order to qualify to file chapter 7 bankruptcy, you must have a household income that is below the Florida median income for their family size. Alternatively, you must have expenses that would allow them to qualify by passing what is called the means test.
Take the First Step Today
Don’t allow your debt and financial issues to threaten your health, relationships, family, business, savings or job. When you are overwhelmed with debt, timing is of the essence. Take immediate action to preserve your rights. Our Jacksonville bankruptcy lawyers know the landscape and will consult with clients every step of the way in your bankruptcy case. We have the experience and skill to navigate the most complex of business bankruptcy and individual bankruptcy cases and work hard to ensure the best possible outcome for our clients.
Jacksonville Bankruptcy Lawyers Blog & Legal News
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