Plan today for a better tomorrow. Schedule a free consultation with an experienced bankruptcy lawyer in Fort Lauderdale.
At Stiberman Law, our bankruptcy attorneys understand that getting out of debt can feel like an impossible hurdle to overcome. With creditors calling every day, the cost of living increasing, and interest rates on credit cards just eating into your monthly payments, getting out of debt is often an uphill battle. Our bankruptcy attorneys in Fort Lauderdale offer debt relief solutions and practical strategies that will help you find your financial footing.
If you are struggling to make ends meet because of credit card bills, medical bills, and other debt, filing for bankruptcy may be the right option. Led by Robert Stiberman, an experienced bankruptcy attorney in Fort Lauderdale, Stiberman Law can help you through bankruptcy and finally find the relief that comes with financial freedom. Call (954) 932-7804 to schedule a free consultation with a bankruptcy attorney.
An individual can file for personal bankruptcy if they are unable to repay the debts they owe. However, pursuing bankruptcy isn’t for everyone. Learn about the two types of personal bankruptcy filing types available to see if you qualify: Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Or at any time, you can contact a bankruptcy attorney in Fort Lauderdale to learn more about how we can help you explore your debt relief options.
Chapter 7 bankruptcy deals with getting rid of unsecured debt including credit cards, personal loans, and medical bills. It’s best for people with minimal income and few liquid assets that are in debt and cannot pay off what they owe.
A Chapter 7 bankruptcy does not include filing a plan of repayment. Instead, the bankruptcy trustee will inventory and sell any nonexempt assets that belonged to the debtor, like a vehicle, investments, and expensive jewelry, in order to settle creditor accounts. Eligible credit card debt, medical bills, or payday loans are discharged, meaning you are free from repayment.
In most cases, your primary residence will not be taken when filing for bankruptcy. However, you may lose equity in your home. If you are behind on your mortgage payment, the bank may choose to foreclose. That’s why it’s so important to maintain good financial standing with your mortgage.
Not everyone can file for Chapter 7 bankruptcy. There are income guidelines and means tests to determine eligibility. An experienced bankruptcy attorney can help you decide whether or not filing for Chapter 7 bankruptcy is the best choice for you.
Chapter 13 bankruptcy enables you to catch up on secured debts such as your home and vehicle while discharging any unsecured debt. This type of bankruptcy is also known as, “reorganization” bankruptcy because it allows people and businesses to reorganize their business affairs, debts, assets, and payments.
The process restructures debt into one payment that you will make to a trustee for 3-5 years. As long as you are able to maintain those Chapter 13 bankruptcy payments, then by the end of the period, your unsecured debts, including credit card and medical bills, will be discharged.
Chapter 13 bankruptcy is most often used by businesses but is also available for a personal bankruptcy filing as well. There are income guidelines and means tests to determine eligibility. A bankruptcy attorney can help you decide whether or not filing for Chapter 13 bankruptcy is the best choice for you.
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In addition to helping our clients file for Chapter 7 or Chapter 13 bankruptcy, our bankruptcy attorneys in Fort Lauderdale provide comprehensive debt relief solutions for you and your family.
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Our experienced bankruptcy lawyers are trusted as some of the best resources for debt consolidation in Fort Lauderdale. Let our debt consolidation attorneys help you restructure your debts and find a manageable repayment plan that is right for you. Debt consolidation is a way to reduce interest rates and consolidate payments without filing for bankruptcy.
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Don’t let debt collectors take your hard-earned wages. Wage garnishment is the process in which a court orders a person’s employer to withhold their earnings for the repayment of their debt. Let our wage garnishment lawyers fight for you to keep your paycheck! Our bankruptcy attorneys will work with you to stop wage garnishment so you can get back on track before getting cut off.
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You don’t have to struggle to make student loan payments. Our student loan lawyers can help you find the best solution for your student loan debt. Let us help you build a manageable student loan repayment plan that works for you. Our experienced Florida law firm is a trusted resource for helping manage student loan debt.
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Are you overwhelmed with finances and behind on your mortgage? Even if you’ve missed mortgage payments and are struggling to catch up, our foreclosure defense attorneys foreclosure defense attorneys can help you reset missed payments or extend the foreclosure process to help you move forward. Don’t let creditors take your home. Contact our foreclosure attorneys in Florida.
If you’re considering bankruptcy, we invite you to speak with one of our bankruptcy attorneys. The no-commitment consultation is completely free.
Stiberman Law is a top-rated bankruptcy law firm and debt relief agency that has been serving Fort Lauderdale since 1998. Our bankruptcy attorneys are dedicated to helping our clients get control of their finances by providing experienced debt relief solutions, legal counsel, advocating for you in court, handling difficult paperwork on your behalf, as well as providing you with financial planning to move forward with a fresh start. From requesting tax documents to attending your court hearings, we have the resources to skillfully navigate the debt relief and bankruptcy filing process from start to finish.
We understand that this is an overwhelming process, and you may even be worried about the cost of filing for bankruptcy. That’s why we provide a free consultation, $0 down bankruptcies, and convenient payment options so you can focus on getting back on your feet.
A Fort Lauderdale client who spent many years battling a medical condition eliminated roughly $65K of debt through filing for bankruptcy. This client spent years battling a life-threatening medical condition. As a result, she incurred thousands of dollars in medical and hospital bills.
After working with our bankruptcy attorneys, we were able to help her eliminate roughly $65K of credit card and medical debt through bankruptcy. Our law firm helped this client get rid of the burden of all of her unsecured debt so she could focus on her health. Additionally, she was able to eliminate her credit card debts and debts arising from returned leases.
If you’re in a similar situation, contact our bankruptcy attorneys today. Let’s work together to get you back in control of your financial situation. Call (954) 932-7804 to schedule a free consultation.
Bankruptcy is a legal process to eliminate debt and get a Fresh Start. Chapter 7 and Chapter 13 are the most common types of Bankruptcy. Chapter 11, commonly confused with Chapter 13 is for businesses or very high net worth individuals. This page will explore bankruptcy in detail.
Filing for bankruptcy can be an overwhelming process for those navigating it without a bankruptcy attorney. A bankruptcy attorney is a lawyer that assists people or organizations throughout the bankruptcy process. Bankruptcy is a legal process taken when individuals or businesses who cannot repay their creditors, seek debt relief, often under the guidance of a bankruptcy attorney. Bankruptcy law helps people who have undertaken an unmanageable amount of debt, find a fresh start. Bankruptcy attorneys help in the process of filing for bankruptcy while advocating on behalf of their clients in a federal court.
Individuals who reside or have a property in the United States can file for bankruptcy. Chapter 7 is intended for individuals who cannot repay their debts. To this end, Congress enacted a test to determine eligibility based on household income and household size. This analysis is called the means test.
If your income is less than the median household for a household your size in Florida, then you automatically pass the means test and qualify to file for Chapter 7 in Florida. If your income exceeds the median household income for a household of your size there is a presumption of abuse. However, you may still qualify by inputting your income and allowable expense into a means test formula. This is where an experienced bankruptcy attorney can guide you.
Most debts can be discharged in Chapter 7. A discharge is a legal term that removes the filer's responsibility from those debts. Debts that can be discharged in Chapter 7 include credit card debt, medical bills, personal loans, deficiency judgments, collection costs, and debts resulting from vehicle repossessions or returned leases.
You are required to list all your assets and all your debts when filing bankruptcy. The bankruptcy trustee appointed to administer your case will look at your assets to see if they can be liquidated or sold to repay your debts. Florida bankruptcy laws determine which assets are exempt or which you can protect, for those who have resided in Florida for the majority of the three years prior to filing bankruptcy. Florida has some of the strongest exemptions such as the homestead exemption. An experienced bankruptcy attorney in your Fort Lauderdale area can review your information and discuss exemptions in detail.
A Bankruptcy Trustee has the right to liquidate nonexempt assets to repay your creditors. If you do not want the Trustee to liquidate your assets, you may have the option of paying to the Trustee the non-exempt portion of the asset. Sometimes but not always, the Trustee may allow you to repay the non-exempt amount in installments or through some payment arrangement.
Unsecured creditors get paid from the liquidation proceeds of non-exempt assets. Most Chapter 7 bankruptcy have little or no assets so in most cases, the creditors receive little or nothing.
Chapter 7 bankruptcy law doesn't provide much help with secured debts such as car loans or home mortgages. This means that people must remain current with their mortgage if they want to keep their homes in Chapter 7. Chapter 7 is not the best option for people who are behind on their mortgages or car loans and want to keep them.
In most cases, the Chapter 7 process takes about 90 days from the date you file to the date you obtain your discharge. Approximately 30 days after your bankruptcy case is filed you are required to attend a Meeting of Creditors. Approximately, 60 days thereafter most filers receive a discharge.
Founded by Attorney Robert A. Stiberman, Stiberman Law focuses exclusively on personal bankruptcy work, specializing in chapter 13 and chapter 7 cases. Our friendly, professional staff and attorneys have the knowledge and experience to answer your questions and to help you avoid any potential pitfalls in the bankruptcy process. Since our inception, we have striven to help as many people as possible achieve a brighter financial future. We are thankful for the opportunity to provide much needed assistance to those community members who are unable to obtain it for themselves. Smart choices today can help you realize the future you deserve.
We understand that debt can feel overwhelming, but you do have options. Schedule a free consultation with a Fort Lauderdale bankruptcy attorney to talk about your debt relief options and your best path forward by calling (954) 932-7804 or filling out the form below to get started.
Speaking to our law firm is always 100% confidential. We do our best to respond to inquiries in under 24 hours.
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