Need a Bankruptcy Lawyer?
If your assets or your ability to pay off your debts is lower than the amount of money that you owe, it may be time to talk with bankruptcy lawyers in Jacksonville FL. When you can no longer meet the monthly obligations you have on your debt, it can be impossible to get yourself back in good standing with your creditors. In this situation, it is a good idea to speak with bankruptcy lawyers in Jacksonville FL to find more bankruptcy information and what your options are.
The Importance of Bankruptcy Attorneys
How do I know if bankruptcy is the right decision?
What does bankruptcy do?
There are two different categories of bankruptcy that come with different rules and requirements. Chapter 7 bankruptcy is the liquidation category of bankruptcy, where your major assets are liquidated and the money is used to pay off all or some of your debt. The fewer assets that you have, the less that you stand to lose by filing chapter 7 bankruptcy. In the state of Florida there are specific assets that you are allowed to exempt, which means they cannot be liquidated, but in general homes, boats, cars and other items not necessary for employment or survival can be expected to be lost. Experienced bankruptcy lawyers in Jacksonville FL can help you figure out what assets you are entitled to keep.
Chapter 13 bankruptcy is the reorganization category of bankruptcy that will allow you to keep the assets that you would most likely lose in a chapter 7. Chapter 13 will restructure your current debts into a monthly payment plan scheduled over three to five years. This does not mean you will repay the entirety of your debt, your payment plan and payment amount are based upon your disposable income. If you want to keep your home and have the disposable income to take on additional monthly payments, than filing chapter 13 bankruptcy will allow you to do that.
Everyone’s situation is unique and should be evaluated by bankruptcy lawyers in Jacksonville FL to ensure what the best option for you is, and every step in the process is completed correctly. Contact The Law Offices of Justin McMurray, P.A. at (904) 248-4482 for a FREE consultation today.
We Work For You
Dedicated lawyers working for clients throughout Florida. Our Jacksonville law firm has been assisting clients for over 10 years. We work hard for you so that you can focus on other matters that are important to you and your family. The future belongs to you! We help you move past the legal matter that may be dominating your daily life right now so that you can focus your attention on your future goals and endeavors. Regardless of the type of legal matter you may be facing right now, we strive to provide the personal attention you would expect if your case was the only case our attorneys were handling. We have helped thousands of clients throughout Florida. Let us help you with your legal matter. Fast and easy solutions to the legal matter you are facing. Our goal is to help you find an affordable solution to your legal matter without causing additional stress or work for you. When you retain our law firm, you receive the guidance, support, and legal counsel of a Jacksonville attorney who is knowledgeable, passionate, and dedicated to serving his clients. You also receive the full support of a team of legal professionals who are dedicated to obtaining the best possible outcome in your case. Contact our office to discover the difference it can make to have a team on your side that puts your best interests above all other concerns. Our Jacksonville lawyers believe everyone deserves to have the benefit of experienced legal counsel. Therefore, our law firm offers free consultations. We do not want the concern about paying for a legal consultation to prevent you from getting help with a legal matter. We want you to have the legal counsel and guidance you need as you choose the best option for you to resolve your legal matter. Call our Jacksonville law firm at (904) 248-4482 to speak with an attorney now. Do not wait any longer to learn about your legal rights and options regarding your situation.