Orange County Bankruptcy Attorney

Are you drowning in debt and feeling like there’s no way out? It’s time to take control of your financial future with the help of Orange County FL bankruptcy attorney Juan Burgos. With years of experience specializing in Chapter 7 and Chapter 13 bankruptcies, Attorney Burgos understands the unique challenges faced by individuals and families struggling with debt in the Orlando area. Let’s explore how he can guide you towards a fresh start.

Understanding Your Bankruptcy Options: Chapter 7 vs. Chapter 13

When it comes to filing for bankruptcy, there are two primary options available under the U.S. Bankruptcy Code – Chapter 7 and Chapter 13. Each has its unique benefits and requirements, making it essential to understand the differences between them.

Chapter 7: A Quick Path to a Fresh Start

Chapter 7 bankruptcy, also known as liquidation bankruptcy, offers a swift solution for individuals facing overwhelming unsecured debts. In exchange for the discharge of most unsecured debts, such as credit card debt and medical bills, some non-exempt property may be sold to pay off creditors. However, Florida law provides generous exemptions that protect many assets, including your home, car, and retirement accounts.

“Chapter 7 is like hitting the reset button on your finances. It’s a quick process that typically lasts only a few months, allowing you to start over with a clean slate.” – Attorney Juan Burgos

Chapter 13: A Debt Repayment Plan for a Fresh Start

Chapter 13 bankruptcy, on the other hand, involves creating a repayment plan to repay some or all of your debts over three to five years. This option is ideal for individuals who have regular income but are struggling with overwhelming debt, such as mortgage arrears or back taxes. Unlike Chapter 7, Chapter 13 allows you to keep all of your property while reorganizing your finances.

“Chapter 13 gives you the chance to catch up on past-due payments and keep your valuable assets, like your home and car.” – Attorney Juan Burgos

Florida Bankruptcy Law: What You Need to Know

Filing for bankruptcy in Orange County, FL involves specific rules and procedures. Familiarizing yourself with the following key aspects of Florida bankruptcy law can help you make informed decisions about your financial future:

• Means Test: To qualify for Chapter 7, you must pass a means test that compares your income to the median income in Florida. If your income is below the median, you can file for Chapter 7. If it’s above, you may need to consider Chapter 13.
• Exemptions: Florida allows debtors to choose between state and federal exemptions. Attorney Juan Burgos can help you understand which set of exemptions is best for your situation and how to maximize the protection of your assets. For example, in Florida, you may be able to protect up to $25,150 of equity in your home under the homestead exemption (as of 2021).
• Credit Counseling and Debtor Education: Before filing for bankruptcy, you must complete a credit counseling course from an approved provider. After filing, you’ll also need to complete a debtor education course to receive your discharge.

The Benefits of Filing for Bankruptcy in Orange County, FL

Filing for bankruptcy can provide numerous benefits, including:

• Immediate Protection from Creditors: As soon as you file for bankruptcy, an automatic stay goes into effect, halting collection efforts, wage garnishments, and foreclosures. This means that creditors must cease all collection activities against you, giving you the breathing room to focus on rebuilding your finances.
• Discharge of Debts: Bankruptcy allows you to eliminate most unsecured debts, providing a fresh start for your finances. In Florida, most Chapter 7 cases result in a discharge within four to six months after filing.
• Opportunity to Reorganize Finances: In Chapter 13 bankruptcy, you can create a manageable repayment plan that helps you catch up on past-due payments and keep your valuable assets. This allows you to hold onto important property while working towards a debt-free future.

Why Choose Juan Burgos for Your Orange County Bankruptcy Case?

When it comes to choosing an attorney, you want someone who is experienced, knowledgeable, and genuinely cares about your well-being. Here’s why Attorney Juan Burgos stands out as the best choice for your Orange County bankruptcy case:

• Expertise in Florida Bankruptcy Law: With years of experience focusing solely on bankruptcy law in Florida, Attorney Burgos has the knowledge and skills to navigate the complexities of your case and achieve the best possible outcome.
• Personalized Attention: At our firm, we believe in treating each client with compassion and respect. We take the time to listen to your story, understand your unique financial situation, and develop a tailored strategy for your bankruptcy case.
• Client-Centered Approach: Our ultimate goal is to help you regain control of your finances and rebuild your life after bankruptcy. We are committed to keeping you informed throughout the process and ensuring that you feel confident in your decisions.

Take the First Step Towards a Fresh Start: Contact Juan Burgos Today

Don’t let debt hold you back any longer. Call us today at (407) 123-4567 or fill out our online contact form to schedule your free consultation with Attorney Juan Burgos. Together, we can find a solution that works best for you and your family’s financial future.