Most people can benefit from the "fresh start" that bankruptcy affords.
Chapter 7 is a liquidation but many people keep all of their assets under Florida's exemption laws. If you have assets above the exemption limits we can assist with a "buy-back" from the Chapter 7 Trustee that is appointed to your case.
Another option is to file Chapter 13 to "buy-back" non exempt assets. Chapter 13 is a repayment plan that helps individuals reorganize their debts. Under a Chapter 13 plan of reorganization you could also choose to try and modify the terms of your mortgage by participating in the Mortgage Modification Mediation Program or you can could choose to "cure" delinquent mortgage payments over time. You can also "value" claims on non-homestead property to the current value of the asset or "strip-off" junior liens if there is no equity in the property after the superior lien.
Bankruptcy can be a great relief for consumers but it can be hard to navigate. Our office can help you obtain the "fresh start" you deserve! Contact us today!