Doral, FL Bankruptcy Lawyers

Struggling with the decision of whether or not to file for bankruptcy? It’s natural to be a little scared – it’s a major decision that will affect many areas of your life. However, at some point, the only question you need to ask yourself is, “Can I go on like this forever?” If your answer is no, filing for bankruptcy may be the right choice. You deserve to get a second chance and find financial freedom, not suffer under the weight of your debt. Even though you are facing a very difficult legal process, there are actually many positive things to look forward to as a result of your experience. At The Santos Law Offices, P.A., we have helped many clients navigate the complex bankruptcy process and achieve successful results. Our attorneys will be on your side each step of the way, using our knowledge and experience to put you in the best position possible at the resolution of your case. Call our Doral bankruptcy lawyers today to schedule your free consultation and get peace of mind today.

What You Can Expect At Our Firm

During your initial consultation, we will analyze your current financial standing and determine if filing for bankruptcy is the right option for you. If it is, we will then establish which type of bankruptcy would be best for your situation: Chapter 7 or Chapter 13. At this point, we can answer any questions you have and clear up any uncertainties, so that you feel confident with your decisions and with moving forward. With over a decade of experience in bankruptcy law, we know how to get you to the future you envision for yourself. You will never have to deal with creditors or worry about the copious amount of paperwork – we handle the heavy lifting!

Chapter 7 Bankruptcy

Also known as “liquidation” bankruptcy, filing for Chapter 7 means that some of your possessions may be sold to pay off creditors. Many of your possessions will not be sold, though, because they are considered “exempt” under Florida and federal law. Following the liquidation of your non-exempt property, your eligible debt will be discharged and you will not be responsible for those bills any longer. 

However, it is important to know that Chapter 7 is income-restricted, meaning you must fall below the standard in order to qualify. If you are a candidate for Chapter 7, our Doral bankruptcy lawyers will walk you through each necessary stage of the process and ensure you have the support you need. 

Chapter 13 Bankruptcy

Also known as “reorganization” bankruptcy, filing for Chapter 13 means that you will still have to pay a portion of your secured debts, but much of your unsecured debt will be discharged. With Chapter 13 bankruptcy, you do not have to sell any of your possessions in an effort to pay off your debt if you don’t want to. You will make a monthly payment to the court toward your debt, and after 3-5 years, the rest will be discharged. Chapter 13 is the best option for individuals who are still receiving a steady flow of income, and can often prevent foreclosure, repossessions, and wage garnishments. 

The Impact Of Filing For Bankruptcy

Many people are concerned for their credit score when filing for bankruptcy, and believe that it will never be able to bounce back. While it’s true that it will take a significant hit, it will actually be much easier for your credit score to rebound without the heavy weight of your debt holding it down. Some other positive aspects of filing for bankruptcy are:

• Stopping creditor harassment and collection activity
• Automatic stays on your debt
• Retainment of most assets
• Foreclosure and repossession prevention
• Debts settled for less than you owe or completely written off
• And more!

Trust Our Doral Bankruptcy Lawyer To Guide You To Your Fresh Start

We know how taxing it can be to come to terms with your financial situation, especially when it seems hopeless. We are here to assure you that you can have hope for a brighter future, and we are the team that can help you get there. Call today to schedule your free consultation and learn more about our services.