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Florida Bankruptcy Lawyer
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What to expect if you file for bankruptcy

It is never easy to make the decisions to file for bankruptcy. In most cases, this decision comes after months of missed or late payments and harassment from creditors. For many consumers, bankruptcy provides them with a chance to start over and obtain a better financial future. It allows you to confront and deal with overwhelming debts.

Bankruptcy is not for everyone, but there are some distinct advantages. Learn all you can about the bankruptcy process to find out if it is the right step for you

Deciding to file is just the first step

Making the decision to file for bankruptcy is not an easy choice, but that is just the first step you need to take in the bankruptcy process. After making your decision, you can expect the following things from the process:

  • You will begin the process by filing a petition with the bankruptcy court. You will also have to file a list of your assets and liabilities, statements verifying income and documentation of your financial affairs.
  • Upon filing, an automatic stay will go into effect. This puts an immediate stop to all contact from creditors, including foreclosure action, wage garnishment and more.
  • A few weeks after filing for bankruptcy, there will be a meeting of all of your creditors. You may have to answer questions, and you will receive a complete explanation of the impact that filing for bankruptcy can have on your life.

From filing the initial application to speaking at a meeting of creditors, you do not have to take one step of the bankruptcy process on your own. It may seem complex and difficult to navigate, but with legal guidance, you can meet the necessary criteria and emerge from the process ready to move on with your future after bankruptcy.

A stronger financial future is at hand

It may not seem like it at the time, but a better, debt-free future is possible. Through Chapter 7 or Chapter 13 bankruptcy, you may be able to discharge many different types of debt and make the constant contact from creditors stop. 

If you have credit card debt you cannot pay, medical bills that you will never be able to catch up on, or you feel that your debt burden is unmanageable beyond hope, you have options. Learn more about the benefits of the bankruptcy process.

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