Sarasota Bankruptcy Lawyer
A decision to file bankruptcy is not one to take lightly. Such a decision should only be made after consulting an experienced bankruptcy attorney at Jodat Law Group, P.A. Our experienced bankruptcy attorneys will fully assess your situation, so you know whether bankruptcy is the right choice for you. If you agree, it then becomes time to determine which type of bankruptcy to file. Once the preliminaries are done, we will handle your case to completion, keeping you informed at every step of the way.
Our Commitment to You
Bankruptcy is a complex legal process that should not be handled by anyone other than an experienced Sarasota bankruptcy attorney. While bankruptcy can be filed without an attorney, many of the steps are not very straightforward, and the court does not allow for mistakes. Simple mistakes or overlooked details can cause you to lose assets that could have been protected or to have the bankruptcy case dismissed altogether.
When the attorneys at Jodat Law Group handle your case, you can be assured that it will be handled with care. We will help you make an informed decision about your case, and you will be able to communicate directly with your attorney throughout the process. If you have questions about your case or if you continue to be harassed by creditors, contact us, and we will work on solving your problems as soon as possible.
Chapter 7 Bankruptcy in Sarasota, FL
Chapter 7 bankruptcy is the most popular type of personal bankruptcy. In Chapter 7 bankruptcy, you are admitting to the court that you are insolvent and unable to pay your debts. If you have assets over and above what can be protected by the law, they will be sold, and the funds will be split among your creditors. This makes Chapter 7 bankruptcy beneficial if you have very few assets and very little equity in any property. It is also very advantageous if your income is low or unsteady.
To qualify for Chapter 7 bankruptcy you must first pass a means test and go through debt counseling. Once the case is filed, the process usually takes only a few months. By the end, nearly every type of unsecured debt will be discharged. Among the only exceptions are student loans and court-ordered payments or legal judgments.
Chapter 13 Bankruptcy in Sarasota, FL
Chapter 13 bankruptcy is not so much a declaration of insolvency as it is an admission that you need help in managing your debts. This means that you must have a sufficient and reliable source of income. The court will manage your debt, and possibly reduce the total balance, by consolidating your payments into a single monthly payment. The monthly payment is made to the court for three to five years, and the court splits the payments among the creditors.
Chapter 13 bankruptcy is advantageous for those who own property and have assets over and above what is required to live comfortably. You may be able to keep all of your assets as long as you make your payments.
Bankruptcy Judgments
In most cases, bankruptcy proceedings continue smoothly when handled by an experienced attorney. You and your attorney submit the required documentation and make the required appearances until your debt is discharged or a settlement agreement is reached. However, in some cases, the judge or trustee may suspect dishonesty or fraud. An experienced attorney is indispensable in these cases. Our attorneys will advocate your position to reach an agreeable disposition.
If you are thinking about filing bankruptcy, call the experienced Sarasota bankruptcy attorneys at Jodat Law Group for a free, no obligation consultation today. We can be reached by calling toll-free 877-JODATLAW (877-563-2852) or by completing the contact form on this web page.
