Written By: Attorney Robert Stiberman| Updated 4/20/2023
High Point, FL Bankruptcy Attorney Robert Stiberman
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5.05.05.0Bankruptcy can be a daunting experience for anyone facing significant financial difficulties. Navigating the complexities of bankruptcy law often requires the knowledge of a skilled attorney. Are you aware of all the nuances involved in filing for bankruptcy and how they could impact your financial future?
Did you know you can choose between different “chapters” when filing for bankruptcy? Each has its own rules and benefits. Having an experienced bankruptcy lawyer can make a significant difference in achieving a favorable outcome. At Stiberman Law, P.A., we are prepared to guide our clients through this challenging process and help them secure a fresh financial start.
By choosing the right bankruptcy attorney, you can better understand the implications of bankruptcy and strategize effectively. Do you know how to protect your assets and navigate creditor harassment?
Our skilled attorneys are ready to provide the comprehensive support and knowledge needed to navigate your financial struggles.
Contact us and schedule a consultation today, and let us help you regain control and move toward a brighter financial future.
Stiberman Law High Point Bankruptcy attorneys understand the Federal Rules of Bankruptcy Procedure, Local Rules, and the applicability of State law concerning exemptions.
Filing for bankruptcy requires compliance with the US Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, and the bankruptcy court’s local rules. High Point residents filing in the Middle District of Florida also have to comply with the Tampa Division’s Local Rules.
Led by seasoned High Point bankruptcy attorney Robert Stiberman, your success is our primary goal at Stiberman Law. Robert Stiberman is a trusted bankruptcy lawyer serving High Point with over twenty-two years of experience representing bankruptcy clients throughout Florida. Robert is a member of the Bankruptcy Court for the Middle District of Florida and is authorized to represent residents living in High Point, FL, seeking bankruptcy protection.
Robert Stiberman is a University of Miami Law School Graduate and a UM Alumni. To help you with your debt, our committed High Point Bankruptcy Attorneys are ready to represent you, presenting options to get you back on your feet.
In addition to providing you with knowledge of federal bankruptcy law and procedure, High Point bankruptcy attorney Robert Stiberman can advise you on the applicability of federal or state exemptions to protect your property in bankruptcy and everything you need to know about bankruptcy.
A free consultation with a High Point bankruptcy attorney to see how we can help and if bankruptcy is right for you.
We are ready to keep you informed and answer your questions immediately.
We are prepared to file your bankruptcy case electronically in the Bankruptcy Court for the Middle District of Florida (if applicable), sometimes on the same day.
We are fluent in English and Spanish.
Our bankruptcy team is ready to work toward a favorable outcome. Your legal issue is our top priority.
Although the law allows individuals seeking to file for bankruptcy to file without a lawyer, or pro se, due to the complexities and potential bankruptcy consequences, including the loss of your property, we recommend you seek the advice of an experienced bankruptcy lawyer at Stiberman Law.
Understanding what debts can be discharged in bankruptcy and what property you can keep is critical in determining if bankruptcy is right for you.
A Stiberman Law High Point bankruptcy attorney can review your debts, assets, and financial history before recommending if bankruptcy is right for you.
If you’re struggling with debt, a bankruptcy lawyer in High Point can help determine which type of bankruptcy filing may be the right choice. Whether you’re considering Chapter 7, Chapter 11, or Chapter 13 bankruptcy, a skilled attorney can evaluate your financial situation and provide guidance.
Choosing the correct type of bankruptcy for your specific situation is important, as selecting the wrong one can have severe consequences, including the possible loss of property.
Often referred to as liquidation bankruptcy, in Chapter 7, we help our clients liquidate assets to discharge debts. This type allows individuals to sell non-exempt property to pay off creditors; please refer to this article by Debt.org to understand property that’s not exempted during bankruptcy.
To qualify for Chapter 7, individuals are required to pass the means test, which evaluates income and expenses.
For more information, refer to our blog entry on Chapter 7 or Chapter 7, Bankruptcy Attorney in High Point, FL.
Chapter 11 bankruptcy is a form of bankruptcy in which the debtor, who can be a business or an individual, seeks to resolve its debts through a reorganization plan. Chapter 11 is a reorganization option mainly for businesses, which allows them to continue operating while they work through a plan to pay back creditors.
More information is also available on our website under Florida Chapter 11 Lawyer.
Chapter 13 bankruptcy focuses on debt reorganization. Instead of liquidating assets, we assist clients in creating a manageable repayment plan over three to five years. Moreover, individuals are required to have a regular income to qualify for Chapter 13. Secured and unsecured debts should also fall below certain limits.
The main benefit is retaining assets while repaying debts over time. One downside is the commitment to a long-term repayment plan.
For more information, refer to our blog entry, Chapter 13 Bankruptcy in Florida.
Filing for bankruptcy requires completing around 23 official federal and local forms required by the Middle District of Florida when applicable. A Stiberman Law High Point bankruptcy attorney is ready to instruct you on the documents you need to collect before filing bankruptcy and can help you prepare and file all appropriate forms electronically, complying with Local Rules. Filing the voluntary bankruptcy petition starts the bankruptcy process and stops most collection efforts.
A Stiberman Law bankruptcy lawyer can discuss what to expect at your meeting of creditors, including commonly asked questions, and is ready to work towards complying with your bankruptcy trustee’s requirements and the steps you need to take to obtain your discharge.
Initial Consultation and Financial Assessment
At Stiberman Law, P.A., our first step is to meet with you to discuss your financial situation. We gather information about your debts, assets, income, and expenses during this consultation. At the Bankruptcy Law Firm of Stiberman Law, our trusted High Point bankruptcy attorney can help determine if bankruptcy is right for you.
Filing the Petition and Automatic Stay
Once we determine the appropriate type of bankruptcy, we prepare and file the necessary petition with the bankruptcy court. Filing the petition triggers an automatic stay, which halts most collection activities and gives you relief from creditor harassment.
Credit Counseling and Debtor Education Requirements
Before filing for bankruptcy, individuals are required to complete credit counseling from an approved agency. After filing, you also need to complete debtor education to understand financial management better. These steps are essential for your discharge.
Role of the Bankruptcy Trustee and Court Proceedings
After filing, a bankruptcy trustee is assigned to your case. The trustee reviews your petition, manages the estate, and oversees any liquidation of assets. You are also required to attend a creditors meeting where the trustee and your creditors can ask questions about your finances.
Ongoing Support from Our Team
We guide you through each step, ensuring all paperwork is accurate and deadlines are met. We are here to answer your questions and represent you in interactions with the trustee and creditors. Our goal is to help you secure a fresh financial start.
Many people have misconceptions about bankruptcy. Here, we address some of the most common myths.
Myth 1: Bankruptcy Ruins Your Credit Forever
It’s a widespread belief that filing for bankruptcy will permanently ruin your credit. While it does impact your credit score, it’s not forever. Bankruptcy can stay on your credit report for up to 10 years, according to Debt.org, but many people start rebuilding their credit soon after filing.
Myth 2: You Will Lose Everything You Own
Another common misconception is that you’ll lose all your possessions. In reality, the law protects certain assets. Exempt property, like your primary home or a vehicle, is often safeguarded in bankruptcy filings. This allows individuals to keep essential items while addressing their debts.
Myth 3: Only Irresponsible People File for Bankruptcy
People often think that filing for bankruptcy means you’ve been financially irresponsible. The truth is many factors beyond one’s control—such as medical emergencies or job loss—lead to financial difficulties. Bankruptcy provides a legal pathway to manage overwhelming debt.
When our clients emerge from bankruptcy, they often feel a mix of relief and uncertainty. Bankruptcy discharge means you no longer have personal liability for certain debts. This fresh start can bring peace but also requires careful financial planning.
Rebuilding credit is a crucial first step. We advise clients to check their credit reports for accuracy, as errors can affect future creditworthiness.
Obtaining a secured credit card can also help, as noted in this article by Bankrate, which states, “Secured credit cards give you access to a small line of credit in exchange for a security deposit (usually the same amount as your credit limit). Since you’re securing the line of credit with your own money, lenders are often comfortable issuing secured cards to people who have little to no credit or who are recovering from financial setbacks like bankruptcy.”
In terms of financial stability, we encourage our clients to set a budget. Monitoring expenses and prioritizing savings helps maintain a stable financial future.
Here are some tips to maintain financial health:
● Create a budget: Track income and expenses.
● Build an emergency fund: Save at least three months’ expenses.
● Wise use of credit: Only charge what you can pay off monthly.
● Continuous education: Stay informed about personal finance.
At Stiberman Law, P.A., we pride ourselves on offering experienced and compassionate legal support. Our team has been assisting clients with bankruptcy cases throughout South Florida for over twenty-two years, and we understand that every financial situation is unique. Our approach is personalized to meet the specific needs of each client.
We believe in clear communication. Robert Stiberman and our team explain the bankruptcy process from start to finish, making it easy for you to follow our recommendations. Do you need a skilled bankruptcy lawyer in High Point, Florida? We can help you navigate your financial future.
Contact us today for a consultation and take the first step towards financial stability.zz
Other locations near High Point, FL served by bankruptcy attorney Robert Stiberman:
| Hill n Dale | North Brooksville |
High Point, Florida Bankruptcy Guide (2023)
Hill n Dale, Florida Bankruptcy Guide (2023)
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