Fort Lauderdale

Divorce and Bankruptcy Attorney

Phone

(954) 332-3558

Creditors can be persistent. They call constantly and file lawsuits. Foreclosure actions add to the misery. A Chapter 7 or Chapter 13 bankruptcy filing can provide a new lease on life.

 

  • Chapter 11 Bankruptcy

    A Chapter 11 Bankruptcy is a reorganization of debt by a corporation or an individual with a too much debt to be in a Chapter 13 Bankruptcy or that is looking to revalue the mortgage or secured loan on property outside the permissions of Chapter 13. The case starts with the creation of a plan of reorganization in which you pay a portion of your debt back.

  • Chapter 13 Bankruptcy

    A Chapter 13 Bankruptcy is a reorganization of debt.  The case starts with the creation of a plan of reorganization in which you pay a portion of your debt back.  The repayment plan in part is based on a repurchase of non-exempt assets from the bankruptcy estate (Liquidation Analysis); accordingly you may keep most, if not all, of your assets.

  • Chapter 7 Bankruptcy

    A Chapter 7 Bankruptcy is a liquidation of assets.  In theory you must immediately turnover to the bankruptcy estate all assets that are not covered under your allowed exemptions, unless you purchase the assets from the bankruptcy trustee. Most people do not have assets outside of the exemption level, but you must seriously and truthfully review
    your assets with your Fort Lauderdale Bankruptcy Attorney before filing a chapter 7 bankruptcy.