Florida Bankruptcy Lawyers
Find Debt Relief Help with a Personal Bankruptcy Attorney
If you're struggling with credit card debt, unemployment, or mortgage foreclosure in Florida, bankruptcy laws may help you regain control of your financial future.
Bankruptcy laws are designed to help individuals who are overburdened by debts get a second chance. Bankruptcy laws offer protections not available with debt settlement or credit counseling.
A Florida bankruptcy lawyer can help you explore your options. Get started today. Simply fill out the free form below or call 877-833-2410 to schedule your free, no-obligation consultation.
Chapter 7 Bankruptcy in Florida
Filing Chapter 7 bankruptcy offers relief from credit card debt, medical bills and other types of "unsecured" debts. This type of bankruptcy helps those who have had a serious drop in income due to unemployment, medical emergency or divorce wipe out these types of debt.
Chapter 7 bankruptcy eliminates debt through a process called "liquidation," in which certain property is sold by the bankruptcy court to pay back creditors. However, Florida laws allow for some property to be protected from liquidation. These are known as exemptions.
Florida bankruptcy exemptions include:
- Home, including 160 acres of land if located outside a municipality, or 1/2 acre of land if located within a municipality.
- 100% of disposable income up to $750 per week.
- $1,000 in personal property.
- One vehicle worth up to $1,000.
- An additional $4,000 for filers who do not own a home.
Thanks to these exemptions, many Chapter 7 filers in Florida do not have to surrender any property. Speak with a local bankruptcy attorney to learn how these and other state exemptions can help you protect your property.
Qualifying Chapter 7 bankruptcy involves a process known as the means test, which compares your household income to the Florida median income for your household size.
If your income is below the median, you will likely be able to file Chapter 7. If not, you may qualify for Chapter 13 debt reorganization.
Chapter 13 Bankruptcy in Florida
Chapter 13 bankruptcy creates a debt reorganization plan that combines "secured debts," such as home mortgages and car loans, into a single monthly payment while reducing or eliminating unsecured debts.
This repayment plan typically lasts three to five years, at which point any unpaid debts will be discharged by the bankruptcy court.
No matter which type of bankruptcy you file, you may benefit from the automatic stay, a court order that halts all collection efforts. The moment your case is filed, all creditor phone calls, foreclosure, repossessions and debt lawsuits should cease.
Learn Your Bankruptcy Options with a Florida Lawyer
Bankruptcy can be a complex process, but you don't have to face it alone. Simply fill out the free form below to connect with an attorney near you today.
Laws may have changed since our last update. For the latest
information on your state's bankruptcy laws, speak to a local bankruptcy