Maitland Bankruptcy Attorney

Say Goodbye to Debt: Maitland’s Trusted Bankruptcy Attorney – Juan Burgos

Are you feeling overwhelmed by debt in Maitland, FL? You’re not alone. Many people face financial challenges that seem insurmountable. But there’s hope – and help – available. Maitland bankruptcy attorney Juan Burgos is dedicated to guiding residents like you through the complexities of Chapter 7 and Chapter 13 bankruptcy, helping them find a fresh start and a path to financial freedom.

Understanding Bankruptcy: Your Path to Freedom in Maitland, FL

When facing significant debt, it’s crucial to understand your options. In Maitland and throughout Florida, two primary types of bankruptcy can help you regain control of your finances:

Chapter 7 Bankruptcy: Quick Relief for a Fresh Start

Also known as “liquidation” bankruptcy, Chapter 7 aims to discharge your eligible debts quickly – typically within four to six months. This popular choice among Maitland residents offers several benefits:

• Eligible Debts: Many types of unsecured debts can be eliminated, such as credit card balances, medical bills, and personal loans.
• Exempt Property: Florida offers generous exemptions that allow you to keep much of your property. In Maitland, this means you could potentially protect your home (up to $25,000 equity), vehicle ($5,000 equity), and personal belongings.
• Means Test: To qualify for Chapter 7, you must pass the means test, which compares your income to Florida’s median income. Our experienced team can help you determine if you’re eligible and maximize your exemptions.

“Chapter 7 bankruptcy is an invaluable tool for individuals and families seeking a fresh start.” – Attorney Juan Burgos

Did you know? In 2021, over 5,300 Florida residents filed for Chapter 7 bankruptcy (Source: U.S. Bankruptcy Court, Middle District of Florida). Many of these filers found relief and a path to financial freedom.

Chapter 13 Bankruptcy: A Customized Repayment Plan for Long-Term Success

Ideal for individuals with regular income who wish to repay some or all of their debts, Chapter 13 focuses on creating a personalized repayment plan that works for you. Here’s how it differs from Chapter 7 and why it might be the right choice for Maitland residents:

• Repayment Plan: Typically lasting three to five years, your plan outlines how much you’ll pay towards your eligible debts each month. This flexible approach allows you to keep up with payments while still eliminating a significant portion of your debt.
• Keep Your Property: Unlike Chapter 7, you don’t have to worry about losing valuable assets. Instead, you’ll repay a portion of your debts through your repayment plan, allowing you to maintain ownership of your Maitland home and other prized possessions.
• Eligible Debts: In addition to unsecured debts, Chapter 13 can help you catch up on missed mortgage payments, car loan installments, and other secured debt obligations. This makes it an excellent choice for Maitland homeowners looking to save their homes from foreclosure.

“Chapter 13 bankruptcy offers a unique opportunity to take control of your financial situation and create a sustainable repayment plan.” – Attorney Juan Burgos

Tip: If you’re unsure which chapter is right for you, don’t worry. Our experienced team can help you navigate the process and make an informed decision tailored to your unique circumstances.

Florida-Specific Bankruptcy Laws: What Maitland Residents Need to Know

Understanding Florida’s bankruptcy laws is essential when seeking relief in Maitland. Here are some key points to keep in mind:

• Means Test: As mentioned earlier, the means test helps determine if you qualify for Chapter 7 or must pursue Chapter 13. In Florida, the median income for a household of one is $46,980 (as of 2021). Our team can help you calculate your specific median income and guide you through the process.
• Exemptions: Florida offers various exemptions protecting your property. Maitland residents should be aware of these protections to ensure they keep as much of their assets as possible. Our knowledgeable attorneys can assist you in maximizing your exemptions.
• Credit Counseling Requirement: Before filing, you must complete an approved credit counseling course and submit a certificate of completion to the court. This requirement helps ensure you’ve explored all non-bankruptcy options for resolving your debt.

The Benefits of Filing for Bankruptcy in Maitland, FL

• Immediate Protection: An automatic stay goes into effect upon filing, halting creditor harassment and collection efforts. This gives you much-needed peace of mind while focusing on your fresh start.
• Dischargeable Debts: Many types of debt can be eliminated through bankruptcy, offering you a clean slate and the opportunity to rebuild your credit.
• Keep Your Property: With careful planning, you may retain ownership of most or all of your belongings, regardless of which chapter you choose.
• Stop Foreclosure & Repossession: Bankruptcy can provide temporary relief from foreclosure and repossession, buying you time to negotiate with lenders or catch up on payments.
• A Better Future: By eliminating debt and learning valuable financial management skills, you’ll be well on your way to improving your overall financial health and well-being.

Why Choose Attorney Juan Burgos for Your Maitland Bankruptcy Needs?

• Expertise & Experience: With over a decade dedicated to Florida bankruptcy law, attorney Juan Burgos knows the ins and outs of the legal process. You can trust his expertise to guide you through your unique situation.
• Personalized Attention: We believe in treating each client as an individual with distinct circumstances. You’ll never feel like just another case number at our firm.
• Compassionate & Supportive: Our team understands the challenges and struggles you’re facing. We provide genuine care, support, and guidance every step of the way through your journey.

“I can’t express how grateful I am for Juan Burgos’ expertise and compassion during my bankruptcy case.” – Satisfied Client, Maitland, FL

Take the First Step Towards a Fresh Start: Contact Maitland Bankruptcy Attorney Juan Burgos Today!

Don’t let debt control your life any longer. Take the first step towards financial freedom by contacting Maitland bankruptcy attorney Juan Burgos for a free, confidential consultation.

Disclaimer: The information provided in this article is for general educational purposes only. It does not constitute legal advice nor create an attorney-client relationship with Juan Burgos Law or any of its attorneys. For specific legal advice, please consult with an attorney licensed in your jurisdiction.

References

– U.S. Bankruptcy Court, Middle District of Florida: https://www.flmb.uscourts.gov/
– Florida Statutes – Bankruptcy: https://www.flsenate.gov/Laws/Statutes/2014/732