Lake Buena Vista Bankruptcy Attorney
Juan Burgos, Esq.
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Fresh Start in Lake Buena Vista: Expert Bankruptcy Attorney Juan Burgos – Chapter 7 & 13 Bankruptcy Law, Florida Exemptions & Repayment Plans
Facing financial difficulties can be overwhelming, but you’re not alone. We understand that filing for bankruptcy is a sensitive topic, and we’re here to provide hope and guidance. Lake Buena Vista FL bankruptcy attorney Juan Burgos has helped countless individuals like you navigate through complex bankruptcy laws to find the best path forward.
Understanding Bankruptcy: Chapter 7 vs. Chapter 13
Before we dive into how Juan Burgos can assist you, let’s first understand the two most common types of bankruptcy:
Chapter 7: Liquidation Bankruptcy
Chapter 7, known as “straight” or “liquidating” bankruptcy, allows individuals to discharge (eliminate) most of their debts and get a fresh start.
In Chapter 7, a trustee is appointed to sell your non-exempt assets (assets that are not protected from liquidation) to pay off your creditors. However, Florida’s bankruptcy exemptions allow you to protect a significant amount of your property. This means you can keep most, if not all, of your belongings while still eliminating your debts.
Chapter 13: Repayment Plan Bankruptcy
Chapter 13 is a repayment plan for individuals with regular income who wish to pay off their debts over time.
In Chapter 13, you propose a repayment plan lasting between three and five years. The plan must be approved by the court and your creditors. Once completed, any remaining dischargeable debts are eliminated. This chapter is ideal for those who want to keep their property or have non-exempt assets.
I had an excellent experience with Juan Buenos Law Office during my bankruptcy process. From the beginning, they treated me with professionalism, respect, and clarity. The attorney explained every step patiently and gave me peace of mind during a very difficult time. He was always available to answer my questions, and I felt supported throughout the entire process. I 100% recommend this law firm to anyone who needs legal help with honesty and dedication.
Se los remomiendo
Florida Bankruptcy Specifics
Filing for bankruptcy in Florida comes with specific rules and procedures. Juan Burgos stays up-to-date with the latest changes in state laws to ensure you receive tailored advice:
- Means Test: Florida uses a means test to determine your eligibility for Chapter 7 or Chapter 13. This test compares your income to the median income of similar-sized households in Florida.
- Exemptions: As mentioned earlier, Florida allows you to protect certain assets using its state-specific exemptions. These include homestead exemption, personal property exemption, and wage garnishment exemption, among others.
Benefits of Filing for Bankruptcy
- Immediate Relief: As soon as you file for bankruptcy, an automatic stay goes into effect, halting most collection actions against you.
- Dischargeable Debts: Many types of debts can be eliminated or reduced through bankruptcy, such as credit card debt, medical bills, and personal loans.
- Keep Your Property: Depending on the chapter you file under and Florida’s exemptions, you may keep most, if not all, of your property.
Why Choose Juan Burgos for Your Bankruptcy Needs?
- Expertise: With years of experience specializing in bankruptcy law, attorney Juan Burgos has helped countless clients navigate the complexities of Chapter 7 and Chapter 13 filings.
- Personal Attention: We understand that every case is unique. Juan Burgos takes the time to listen to your story and tailor a solution that best fits your needs.
- Local Knowledge: As an experienced Lake Buena Vista FL bankruptcy attorney, Juan Burgos stays current with local court procedures and state-specific laws to provide you with the most effective representation.
Take the First Step Towards a Fresh Start
Don’t let financial struggles hold you back. Contact Lake Buena Vista FL bankruptcy attorney Juan Burgos today and schedule your free consultation. Together, we’ll explore your options and develop a plan to help you regain control of your finances.
This content is for informational purposes only and does not constitute legal advice. Every case is unique, and results may vary. Contact Juan Burgos today to discuss your specific situation.
Personal Bankruptcy
Florida residents can seek personal bankruptcy to cancel their debts and get a second chance. Our team of specialized property law attorneys will guide you through the process and help you determine if bankruptcy is right for you.
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Business Bankruptcy
Business Bankruptcy In Florida, businesses can also file for business bankruptcy (Chapter 11) to reorganize their finances and pay part or all of their debt. Our team of specialized property law attorneys will guide you through the process and help you determine if bankruptcy is right for your business.
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Frequently Asked Questions (FAQs)
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 bankruptcy, also known as liquidation bankruptcy, involves selling off non-exempt assets to pay creditors while eliminating most debts quickly. In contrast, Chapter 13 bankruptcy creates a repayment plan for individuals with regular income over three to five years.
How do I determine if I'm eligible for Chapter 7 bankruptcy?
To qualify for Chapter 7, your income must be below the median income threshold set by Florida and the number of people in your household. You can find this information on the U.S. Trustee’s website or consult with an experienced bankruptcy attorney.
Can I keep my home and car if I file for Chapter 13 bankruptcy?
In a Chapter 13 repayment plan, you may be able to keep your home and car by making payments on these debts over time. However, this depends on the value of the assets, how much debt is secured against them, and other factors that impact their treatment in bankruptcy.
How are funds distributed among creditors in a Chapter 7 bankruptcy?
In a Chapter 7 case, the trustee will divide available funds proportionally among all creditors based on their individual claim amounts. However, some debts like taxes, student loans, child support, and court-ordered debts might not be dischargeable.
What are secured debts in bankruptcy, and how do they affect my situation?
Secured debts refer to debts where the lender has a lien or security interest on specific assets (like your home or car). In a Chapter 13 bankruptcy, you may be able to keep these assets by making payments on the associated debt over time. However, in a Chapter 7 case, secured creditors have priority and will typically get paid before unsecured creditors.
Please note that this is general information and not specific legal advice. If you’re considering bankruptcy or have questions about your situation, I encourage you to consult with an experienced attorney who can provide personalized guidance based on your unique circumstances.
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How Bankruptcy Works in Florida
Regain Control of Your Finances with Ease
Results may vary depending on the specific circumstances of each case.
Step #1
Submit Your Case
With a free financial situation evaluation, we can start helping you regain control of your life.
Step #2
We Get Started
Our team begins to investigate and evaluate your financial situation.
Step #3
We Fight for Your Rights
Bankruptcy is a right in the United States. With our help, we present your case to the bankruptcy court.
Practice Areas
At our firm, we are dedicated to fighting for your rights and ensuring you receive fair compensation. Our areas of expertise include personal injury law, including auto accidents, motorcycle accidents, and trucking accidents, as well as personal and business bankruptcy cases.