Flagler Beach Bankruptcy Lawyer

Flagler Beach Bankruptcy Attorney

If you have found yourself overwhelmed by debt and unsure of where to turn, it may be time for you to get in contact with a Flagler Beach bankruptcy lawyer. It’s important to understand that you are not alone in this situation, and you do have options available to you. The role of a Flagler Beach bankruptcy law firm is to help individuals, families, and small business owners navigate the complexities of bankruptcy law with clarity, skill, and compassion.

For those considering filing for bankruptcy in Florida, you need a knowledgeable Flagler Beach bankruptcy lawyer on your side to help protect your rights and get you toward a fresh financial start.

Why Choose Our Flagler Beach Bankruptcy Firm

The Preston Law Firm has extensive experience helping clients throughout Florida and the surrounding areas find the real debt relief they need. We understand both the legal system and the emotional toll financial hardship can take on a person, which is why our team is skilled in bankruptcy and consumer protection law.

When you work with us, you will receive:

• A personalized approach tailored to your unique financial situation
• Clear communication and honest advice
• No confusing legal terms. We will explain everything you need to know every step of the way
• Compassionate legal support without judgment
• Transparent pricing

We have a proven track record of success when it comes to helping clients get out of debt – allow us the opportunity to help you, too.

What Is Bankruptcy?

Bankruptcy is a legal process that helps individuals or businesses who are unable to repay their debts get relief from some or all of those debts. It’s often seen as a last resort when all other efforts to pay off debt have failed.

We assist our clients in Chapter 7, Chapter 13, and Chapter 11 bankruptcy filings, as well as all related legal matters. It’s important to understand the differences between these types of filings to help determine which path is right for you.

• Chapter 7: This type of bankruptcy is often referred to as liquidation bankruptcy, as it allows qualifying individuals to eliminate most unsecured debts within a few months. These debts include credit cards, personal loans, and medical bills.While typically the fastest and most common form of bankruptcy, you may qualify for this type of filing if your income is below the median in Florida, you pass the means tests, or you are not behind on secured debts.
• Chapter 13: This type of bankruptcy filing may be a better option for those who have a regular income and want to keep certain assets, such as their home or vehicle. With Chapter 13 bankruptcy, you can reorganize your debts into a manageable repayment plan.This type of filing may be right for you if you are behind on mortgage payments or car loans, or if you don’t qualify for Chapter 7. Filing for Chapter 13 can stop foreclosure, repossession, and creditor harassment immediately.
• Chapter 11: Typically used by businesses, Chapter 11 bankruptcy filing can also be used for individuals with very high debt. This type of filing allows you to continue operating while reorganizing debts under a court-approved plan. This process can be much more extensive and complex compared to the other types of filings.

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Florida Bankruptcy Trends

While specific data for Flagler Beach is limited, broader trends in Florida indicate an increase in bankruptcy filings. Between 2023 and 2024, Florida experienced a 23.4% rise in bankruptcy cases per 100,000 residents. This ranks Florida tenth in the nation for the most significant bankruptcy increase. A trend like this is concerning, making readily available assistance with bankruptcy filing a necessity for many.

Is Bankruptcy Right for You?

Bankruptcy can offer a fresh financial start, but it also comes with serious consequences, such as damage to credit scores and potential loss of property. Filing for bankruptcy is a major decision, but it might be the optimal path forward if you’re facing:

• Mounting credit card debt
• Risk of foreclosure or eviction
• Job loss
• Unexpected medical expenses
• Lawsuits or frozen bank accounts
• Constant calls from debt collectors

Our Flagler Beach bankruptcy lawyers will help you understand all your options, including non-bankruptcy alternatives, so you can make an informed decision. It’s important to understand the full picture before filing for bankruptcy, which is why it is always advised to discuss your unique situation with an experienced Flagler Beach bankruptcy lawyer.

FAQs About Bankruptcy Law in Flagler Beach,FL

Contact Us Today

Although bankruptcy can seem like the end for many, we like to look at it as a new beginning. If you are ready to take control of your financial future, The Preston Law Firm is ready to help. Our experienced Flagler Beach bankruptcy attorneys are readily available to guide you through this difficult process.

Don’t wait another day to get relief from overwhelming debt. Call us today so we can begin assisting you.