Clearwater Bankruptcy Lawyer
Clearwater Bankruptcy Lawyer – Jodat Law Group, P.A.
Hiring an experienced Clearwater bankruptcy lawyer plays an indispensable role in whether or not your case is accepted to the maximum possible benefit. Although you can file bankruptcy without a lawyer or firm, the process can be extremely difficult, and you may not understand the outcome of each available option. The Clearwater bankruptcy lawyers at Jodat Law Group will help you determine all of your options, and we will provide recommendations on which options are best in your specific situation.
In some cases, bankruptcy may not be the right choice, and we will have suitable alternatives available to review. If it is determined that you will benefit by filing bankruptcy, we can help you decide which chapter to file for. Some of the factors that go into this decision include your income, property, assets, and debt. Jodat Law Group will go over these figures with you to help determine if Bankruptcy in Clearwater is right for you.
Get a Free Consultation
Call Jodat Law Group today at (877-563-2852) or fill out the form on this page to schedule a free bankruptcy consultation with an experienced Clearwater bankruptcy lawyer. When you come in for your consultation, feel free to bring us as much documentation as possible to explain your situation and your debt. To provide you with the most reliable recommendation, we will need to know your income and the value of your assets. We will also need to understand the details of your debts, including overdue bills, loans, credit cards, and lines of credit.
We will review your situation and provide you with several options. If you choose to go forward with Chapter 7 or Chapter 13 bankruptcy, you can rest assured that your case is in the right hands. We will complete and file all documentation properly to get you into and through bankruptcy court as fast and painlessly as possible.
As your case progresses, we will regularly update you, and if you have questions, you are free to call us at any time during our regular business hours. We will work with you every step of the way, and we will always keep you in the loop.
Chapter 7 or Chapter 13 Bankruptcy?
This is one of the most common questions received by our Clearwater bankruptcy attorneys. Chapter 7 and Chapter 13 are the two types of bankruptcy available to individuals in the United States. They are very different from each other, and each has its strengths and weaknesses.
Chapter 7 bankruptcy is the most common type of bankruptcy in the United States. It often referred to as true bankruptcy. It is an admission to the court that you do not and will not have the means to pay your debts in the near future. If you have assets beyond what the law allows for personal living necessities, they will be forfeited and auctioned. The proceeds will then be used to pay your debts. Any debt that remains will be discharged.
Chapter 7 bankruptcy is best for individuals who have few assets and low or unstable income. This type of bankruptcy is relatively fast and can often be completed in three to six months.
Chapter 13 bankruptcy is known as debt reorganization. Instead of admitting that you are insolvent, you are only telling the court that you need help in paying your debts. The court will then consolidate your debts into a single monthly payment. You will make the payment each month to the court for a period of three to five years. The court will divide your payment and disburse a portion to all of your creditors. At the end of the term, your debts will be considered paid.
Chapter 13 bankruptcy is best for people with a sufficient and steady source of income, as well as assets they would like to be protected. You will retain all of your assets in this type of bankruptcy as long as you continue to make your monthly payments, as ordered by the court.
After Bankruptcy
A Clearwater bankruptcy lawyer is not only useful to you to file and process your case, but can be necessary for help with matters that occur after bankruptcy. Many people going through bankruptcy have questions about how to reestablish their lives and their credit histories. You may also need advice on how to buy a new car or home or how to start a new business after bankruptcy. The Clearwater Bankruptcy lawyers and team at Jodat Law Group will be there for you for as long as you need them.
Jodat Law Group, PA – Your Clearwater Bankruptcy Lawyer
Contact us for a free consultation regarding Clearwater Bankruptcy today! Who’s that? Jodat!
