Get a Fresh Financial Start - Bankruptcy Can Help
Bankruptcy through either a Chapter 7 or Chapter 13 filing can provide you and your family with a fresh financial start. There are many advantages to filing for bankruptcy, including stopping creditor harassment, wage garnishments, car repossession and even home foreclosure. Not to mention the ability to discharge certain debt. Every circumstance is different, which is why you should consult with an Inverness bankruptcy attorney.
I am attorney Paul Militello. I offer bankruptcy representation to clients in Inverness, Florida, and surrounding areas. My practice includes Chapter 7 and Chapter 13 bankruptcy filings. To discuss your specific case and whether bankruptcy is right for you, please schedule a consultation at your earliest convenience. We can sit down and review your situation and the best plan of action going forward. I am here to provide compassionate legal guidance for you and your family. Contact me online today. You can also call 352-503-0117 or toll free 877-762-4124.
Debt Relief Through Chapter 7 and Chapter 13 Bankruptcy Filings
Bankruptcy is not necessarily for everyone but can be a very helpful tool in reaching financial freedom. There are two main types of bankruptcy filings:
- Chapter 7 Bankruptcy: A Chapter 7 bankruptcy filing (sometimes referred to as "debt liquidation bankruptcy") allows an individual to discharge certain unsecured debts such as credit card bills and medical bills. However, it does not discharge child support, alimony or student loan debt. You must qualify in order to file for Chapter 7. This is generally based on your adjusted median income under a bankruptcy means test. We can talk about whether Chapter 7 is right for you.
- Chapter 13 Bankruptcy: A Chapter 13 bankruptcy filing gives an individual the ability to reorganize their debt in a three- to five-year repayment plan. This is usually for people who do not qualify for Chapter 7 and have a reasonably steady source of income.
Both Chapter 7 and Chapter 13 bankruptcy can place an "automatic stay" on home foreclosure proceedings, wage garnishments and creditor harassment. I highly recommend you consult with me before deciding to file for either Chapter 7 or Chapter 13 in order to make a knowledgeable and informed decision.
Contact a Citrus County Chapter 7 Bankruptcy Lawyer
For more information about debt relief options, contact my office online or call 352-503-0117 or toll free 877-762-4124 to schedule a consultation to discuss your specific bankruptcy concerns.
