Let Our Florida Bankruptcy Lawyers Help You

No one wants to file for bankruptcy, but it is a great option for many people burdened by crushing debts. The United States government designed the bankruptcy code to allow people to get out from under their debts. This helps people start over without the lifelong burden of debt.

At Light & Gonzalez, PLLC, we focus on helping throughout South Florida get through tough financial times. Eligible candidates for bankruptcy may be able to discharge their unsecured debt, including, but not limited to:

• Medical bills
• Personal loans
• Deficiency judgments
• Credit card debt

We take pride in assisting clients out of their tormenting circumstances by aiding them in their new, fresh start in life.

Considering Bankruptcy? You Are Not Alone.

If you are currently considering filing for bankruptcy, you should understand that you are not alone. Every day, Americans turn to the bankruptcy system to help them get out of credit card debt, foreclosure deficiencies, car loans, medical bills and more. Common life events often lead to a debtor’s decision to file for bankruptcy. Some of these events include:

• Divorce
• Loss of a job
• Loss of a loved one
• Business failures
• Decline in health (which results in medical bills and expenses)

Our lawyers understand that people can become victims of unfortunate circumstances and hardship.

Do Not Feel Guilty About Filing For Bankruptcy

The American economy relies upon consumer spending. Approximately 2/3 of the gross national product in the United States comes from consumers spending their money on goods and services. What people who have fallen into debt do not realize is that there is a highly paid army of persuaders using thousands of seductive messages each day to make us buy things.

Many purchases result from these manipulative advertising techniques. Sadly, for people who cannot afford to pay in cash, credit card companies insistently offer credit to consumers who are already deeply in debt. Individuals may realize that the bills have begun to accumulate. Because of bad planning, illness or loss of work, they cannot pay for the things that they need. Normally, feelings of fear and guilt follow these circumstances.

If you are still grappling with guilt, always remember that large creditors have an expectation that there will be individuals who will default and file for bankruptcy – this is the cost of doing business. Nonetheless, banks continue to issue credit cards because it is extremely profitable for them.

Make Creditors Stop Harassing You

One of the most nerve-racking things about falling behind on your bills is having creditor or debt collectors hassle you to make payments. We may be able to get these creditors and debt collectors to stop calling you. Once you file a bankruptcy petition, your creditors and debt collectors should stop communicating with you. This can be a wonderful relief for individuals and families living with this added stress. If your creditors or debt collectors don’t stop calling you, we may be able to bring an action against them for violating various consumer protection statutes. Our lawyers will let you know all the options that are available and help you choose which option is best for you.

Let’s Explore All Your Options Before Bankruptcy

We will always recommend that you explore all your legal options when considering bankruptcy. Bankruptcy is a great option for some people, but it may not be a great option for you. Schedule a consultation with us, and we will discuss what we feel is the best legal path for you to take. Our Plantation bankruptcy lawyers know that these times can be difficult, and we see it as our job to help you through one of the most difficult times of your life.

When Should I Consider Bankruptcy?

You should consider bankruptcy when you are:

• Unable to meet your financial obligations
• Facing constant creditor harassment
• At risk of losing essential assets

If debt restructuring or settlement options have failed and you’re struggling with insurmountable debt, bankruptcy might provide a fresh start. Consulting a financial advisor or bankruptcy attorney can help you determine if this is the best option for you.

Will I Lose My Assets If I File For Bankruptcy?

The impact on your assets depends on the type of bankruptcy you file. In Chapter 7, you may have to sell nonexempt assets to pay off creditors, but many essential assets often have protection. Chapter 13 allows you to keep your assets while you repay debts over time. Understanding exemptions and consulting with a bankruptcy attorney can help clarify what you might retain.

Which Type Of Bankruptcy Should I File?

Choosing between Chapter 7 and Chapter 13 bankruptcy depends on your financial situation. Chapter 7 is suitable for people who have limited incomes but substantial debts, as it involves liquidating assets to pay off creditors. Chapter 13 is for individuals with a regular income who can afford to pay their debts through a court-approved plan.

How Do I File For Bankruptcy?

Filing for bankruptcy involves several steps:

• Gather financial documents, including income statements, tax returns, and lists of assets and debts
• Complete credit counseling with an approved provider
• Determine which type of bankruptcy (Chapter 7 or Chapter 13) is most appropriate for your situation
• File a petition with the bankruptcy court in your district
• Attend a meeting of creditors
• Complete a financial management course

Our experienced attorneys at Light & Gonzalez, PLLC, can guide you through each step of the process, ensuring that your bankruptcy filing is accurate and complete. We will work with you to gather the necessary documentation, prepare your petition and represent you throughout the proceedings.

Will Filing For Bankruptcy Ruin My Credit Forever?

Filing for bankruptcy does not mean your credit is irreparably damaged. Although a bankruptcy filing will appear on your credit report for a maximum of 10 years, you could start improving your credit score as soon as your bankruptcy is discharged.

To improve your credit score after bankruptcy:

• Make timely payments on any remaining debts, such as student loans or mortgages
• Consider secured credit cards or credit-builder loans
• Monitor your credit report for errors and dispute any inaccuracies
• Avoid taking on new debt unnecessarily

With responsible financial management, it is possible to see significant improvement in your credit score within one to two years after bankruptcy. Our team at Light & Gonzalez, PLLC, can provide guidance on rebuilding your credit and making a fresh financial start.

What Debts Must I Declare When Filing For Bankruptcy?

When filing for bankruptcy in Florida, you must disclose all of your debts, including:

• Credit card balances
• Medical bills
• Personal loans
• Payday loans
• Utility bills
• Back rent and lease payments
• Tax debts
• Legal judgments
• Deficiency balances on repossessed vehicles
• Mortgage and car loan arrears

It is essential to be thorough and honest when listing your debts, as failing to disclose all obligations can lead to complications or even the dismissal of your bankruptcy case. Our knowledgeable attorneys will work with you to ensure that your bankruptcy petition is accurate and complete, protecting your rights and helping you achieve the best possible outcome.

Contact A Plantation Bankruptcy Attorney Today

At Light & Gonzalez, PLLC, we will discuss all of the options you have available. Then, we will work with you to try to achieve your goals. Contact us today to speak with a qualified bankruptcy lawyer. To schedule your initial consultation, please call us at 754-778-9911 or send us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.