Union Park Bankruptcy Attorney
Juan Burgos, Esq.
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More than a decade of expertise in Auto Accidents and Bankruptcy Law
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Results may vary depending on your specific facts and legal circumstances.
Get a Fresh Start in Union Park: Expert Bankruptcy Solutions with Juan Burgos
Are you drowning in debt, feeling overwhelmed, and unsure where to turn? You’re not alone. Many Union Park residents face financial challenges that seem insurmountable. But there is hope – bankruptcy might be the solution you’ve been searching for. As a dedicated Union Park FL bankruptcy attorney, Juan Burgos has helped countless individuals like you regain control of their lives and achieve financial freedom.
Understanding Your Bankruptcy Options: Chapter 7 vs. Chapter 13
The first step in overcoming your debt challenges is understanding the different types of bankruptcy available to Union Park residents. Two popular options are Chapter 7 and Chapter 13. Let’s dive into each one:
Chapter 7 Bankruptcy: A Quick Fresh Start
Also known as liquidation bankruptcy, Chapter 7 is designed to help debtors eliminate most of their unsecured debts, such as credit card bills, medical expenses, and personal loans. Here’s what you need to know about filing for Chapter 7 in Union Park:
- Purpose: Liquidation of non-exempt assets to pay off debts.
- Benefits:
- Fast process (usually 4-6 months).
- Most unsecured debts are discharged, including credit card debt, medical bills, and personal loans.
- Keep certain exempt property, like your home, car, and personal belongings, thanks to Florida’s generous exemption laws.
- Requirements:
- Pass the means test – compare your income to Florida’s median income figures. In 2021, the median income for a family of one in Florida was $46,387.
- Complete a certified credit counseling course within 180 days before filing for bankruptcy.
Chapter 7 is designed for debtors in financial difficulty who do not have the ability to pay their existing debts.
Chapter 13 Bankruptcy: Reorganize Your Debts and Keep Your Property
Also known as reorganization bankruptcy, Chapter 13 is designed for individuals with regular income who want to pay off some or all of their debts over time. Here’s what you need to know about filing for Chapter 13 in Union Park:
- Purpose: Develop a repayment plan to pay off some or all of your debts over time.
- Benefits:
- Keeps creditors at bay while you repay the debt according to the court-approved plan.
- Allows you to catch up on missed payments, like mortgage or car loan installments.
- Some debts may be discharged upon completion of the repayment plan (usually 3-5 years).
- Requirements:
- Regular income to fund the repayment plan.
- Complete a certified credit counseling course.
Chapter 13 allows individuals to keep their property by repaying creditors through a repayment plan.
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 Laws and Procedures: What You Need to Know as a Union Park Resident
The Sunshine State has its unique bankruptcy laws and procedures. Here’s what you need to know as a Union Park resident:
- Exemptions: Florida allows debtors to keep more property than federal exemptions, including unlimited equity in your primary residence (homestead exemption). This means you can protect your home from liquidation in Chapter 7 bankruptcy.
- Means Test: Florida uses its own median income figures to determine if you pass the means test for Chapter 7 bankruptcy. In 2021, the median income for a family of one in Florida was $46,387.
- Credit Counseling: You must complete a certified credit counseling course within 180 days before filing for bankruptcy. This can be done online or over the phone with an approved agency.
The Benefits of Filing for Bankruptcy in Union Park, FL
- Immediate Relief: An automatic stay goes into effect once you file for bankruptcy, stopping most collection activities and lawsuits. This can help stop wage garnishments, foreclosures, and repossessions.
- Debt Elimination: Many unsecured debts, such as credit card bills, medical expenses, and personal loans, can be discharged through bankruptcy, giving you a fresh start and financial freedom.
- Keep Your Property: Depending on the bankruptcy chapter and Florida’s exemptions, you may keep most or all of your assets. This includes your home, car, and other personal belongings.
- Stop Foreclosure & Repossessions: Bankruptcy can provide temporary relief from foreclosure and repossession proceedings, giving you time to catch up on payments or negotiate alternatives.
Why Choose Union Park FL Bankruptcy Attorney Juan Burgos?
- Experience: With years of dedicated practice in bankruptcy law, Attorney Juan Burgos understands the intricacies of Florida’s bankruptcy system and can guide you through the process.
- Expertise: Focusing solely on bankruptcy law allows our firm to provide specialized representation tailored to your unique financial situation.
- Client-Centered Approach: We understand that each client has different needs and goals. That’s why we take the time to listen and create personalized solutions for every case.
Take Control of Your Finances Today: Schedule a Free Consultation with Union Park FL Bankruptcy Attorney Juan Burgos
Don’t let debt control your life any longer. Take the first step towards financial freedom by contacting our Union Park FL bankruptcy attorney, Juan Burgos, today! Our initial consultation is free and confidential.
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 main difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7, also known as liquidation bankruptcy, aims to eliminate most of your unsecured debts quickly (usually within 4-6 months). It may involve selling non-exempt property to pay off creditors. In contrast, Chapter 13, or reorganization bankruptcy, focuses on creating a repayment plan for your debts over an extended period (typically 3-5 years), allowing you to keep most of your property.
What is the means test, and how does it apply to Florida residents?
The means test is a calculation used to determine if you qualify for Chapter 7 bankruptcy. It compares your income to the median income of households in your state. In Florida, the median income for a family of one was $46,387 in 2021. If your income is below this amount, you pass the means test and can file for Chapter 7. If it’s higher, you might still qualify based on other factors.
What debts cannot be discharged through bankruptcy?
Bankruptcy cannot discharge all types of debt. Non-dischargeable debts include:
- Child support and alimony payments
- Most student loans (although there are exceptions)
- Taxes, with some limitations
- Personal injury or wrongful death claims resulting from DUI or criminal activity
- Fines and penalties imposed for violating the law
- Debts incurred through fraud or false pretenses
It’s essential to consult with a bankruptcy attorney to understand which of your debts can be discharged.
How does Florida's homestead exemption protect my primary residence in Chapter 7 bankruptcy?
Florida law provides an unlimited homestead exemption, meaning you can protect an unlimited amount of equity in your primary residence from liquidation in Chapter 7 bankruptcy. This exemption applies to up to one-half acre within a municipality or 160 acres outside a municipality.
What happens to my credit score after filing for bankruptcy, and how long will it impact me?
Filing for bankruptcy stays on your credit report for up to ten years (Chapter 7) or seven years (Chapter 13). During this time, you may find it challenging to obtain new credit. However, a Chapter 7 bankruptcy can help improve your credit score more quickly than other negative marks, such as late payments or collections accounts.
Here are some steps to help rebuild your credit after bankruptcy:
- Obtain a secured credit card and use it responsibly
- Pay all bills on time
- Avoid taking on new debt
- Monitor your credit report regularly
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.