Palm Coast Bankruptcy Lawyer

Palm Coast Bankruptcy Attorney

When financial struggles become too overwhelming, filing for bankruptcy offers a path to clear debts and start over on a stronger financial footing. If you are seeking relief under Chapter 7 or Chapter 13 bankruptcy laws, a Palm Coast bankruptcy lawyer can provide you with the guidance and advice you need to discharge qualifying debts. Understanding the differences between your filing options is an important first step as you pursue freedom from your debts.

Why Choose The Preston Law Firm?

Filing for bankruptcy is a powerful tool for clearing your financial slate, but the process requires a clear understanding of the law and proof that you are eligible for relief under the law. The Preston Law Firm can help you see the process through. Our team of attorneys has more than 50 years of combined legal experience.

We can explain your options so you are prepared to take the first steps toward a new and brighter financial future. Our legal team can help you gather the records you need to make your case, and we can represent you in court. We can be there to advise you on the ideal course of action every step of the way.

Understanding Bankruptcy Options in Florida

Individuals who are struggling to pay off debts can seek relief through the bankruptcy courts. The two main types of bankruptcy options in Florida are Chapter 7 and Chapter 13. Chapter 7 bankruptcy is known as liquidation bankruptcy. If someone qualifies for relief under this Chapter, they can discharge unsecured debts, such as medical bills or credit card debt.

The other avenue for clearing debt is through Chapter 13 bankruptcy, which is sometimes called reorganization bankruptcy. This form of clearing debt allows individuals to maintain their current assets while repaying debts over a period of three to five years. The banks oversee the repayment plan.

To qualify for bankruptcy under either Chapter, the person applying for bankruptcy must pass a means test that measures income to the state’s median income. The expenses and debts are then considered by the court.

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How Bankruptcy Can Help You Regain Financial Stability

By the time someone files for bankruptcy, they often believe they are out of options. They may be behind on debts and contending with daily calls from creditors. Filing for bankruptcy can trigger an automatic stay that halts collection calls, wage garnishments, and the potential for claims from creditors.

Filing for bankruptcy can also prevent foreclosure on your home and the repossession of your vehicle. While bankruptcy can be detrimental to your credit, it can also set the foundation for a fresh start that can lead to a stronger financial footing later.

If you are struggling to make debt payments, Chapter 13 bankruptcy can reorganize your debt into a structured payment plan that fits within your budget. The benefits of filing for bankruptcy can restore you both emotionally and financially.

Why You Need a Palm Coast Bankruptcy Lawyer

There can be challenges when filing for bankruptcy in Palm Coast, and having an attorney can streamline the process and improve your chances of a favorable outcome to your bankruptcy filing. An attorney can determine if you are eligible to file for bankruptcy by closely examining your debts and assets.

Mistakes in paperwork can lead to delays or even a case dismissal. Your attorney can draft the court filings carefully to ensure they align with bankruptcy laws. An attorney can also negotiate with creditors to ensure as many of your debts are discharged as possible and your repayment plan is fair and maintainable.

The process requires attending legal hearings and possible meetings with trustees. Having legal representation ensures that you comply with all court requirements.

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Schedule Your Palm Coast Bankruptcy Consultation Today

Although filing for bankruptcy requires an investment of time and resources, the benefits can include financial freedom and a second chance at a brighter future. The Preston Law Firm has helped many residents in Palm Coast receive the financial relief they need from the courts. Our attorneys take pride in helping hardworking Floridians get the second chance they deserve.

From the moment you partner with our firm, you will be frequently updated about your case, and we’ll only be a phone call away if you ever have questions about your case. Take the first step toward a brighter financial future by contacting our office to schedule your bankruptcy consultation.