Filing bankruptcy is often scary, but this does not have to cause so much fear. Sometimes life does not go in a straight line and problems just happen. If you are trying to build a stable financial future, and you do not do something about your current circumstances, things will not get better.
The bankruptcy process can be a less stressful process with the help of a bankruptcy attorney Miami. There are many people and business owners in the United States who have debts that hinder their economic stability.
Being advised by a bankruptcy attorney Miami is often the key to successfully completing the bankruptcy process and getting your finances back on a positive track.
In this article we will explain the reasons why you should seek the professional help of an attorney. We will try and cover all of your doubts and concerns regarding bankruptcy.
Although you can file for personal bankruptcy without a lawyer, it is strongly recommended to seek the advice of a professional. There are common misunderstandings and mistakes that can affect your rights.
A bankruptcy lawyer will help you in:
Many people seek the help of bankruptcy organizers (not lawyers) to complete bankruptcy forms, as they could be a bit cheaper than lawyers. However, keep in mind that they do not have the necessary legal provisions to represent them before a judge in a court.
In the case of a bankrupt business, the business is allowed to represent themselves but will need the legal assistance of a bankruptcy lawyer. Remember that we all have the right to move forward in life even after declaring bankruptcy. With Gallardo Law Firm you will have greater chances of succeeding in court.
Financial problems are inevitable, but you should remain calm and seek professional help, from a bankruptcy attorney Miami. Our attorneys at Gallardo Law Firm are familiar with the federal laws of the state of Florida and can help you achieve the economic status you desire. When a lawyer represents you in this process, they will deal with the debt collector.
By staying behind in the payments of medical bills, credit cards, mortgage, or any other debt, the lenders and debt collectors will begin to overwhelm you to pay what you owe them. Collection agencies can be quite pestering when it comes to recovering money from debtors. They are notorious for violating the rules of telephone calls that become constant and hostile.
Hiring a lawyer can stop this harassment. It is not wise to ignore debt collectors. They could take legal action against you, sue you, and win the trial. This will eventually cost you more time and money than hiring a bankruptcy attorney.
It is important to know the pros and cons of bankruptcy before making the final decision. The following information will help you understand what you are getting into:
When you are unable to keep up with bills, working with an experienced Miami bankruptcy attorney may be the right choice for you to lay the foundation for a healthier financial future. Gallardo Law Firm is committed to providing reliable and effective services for all our clients in South Florida.
Maybe you have lost your employment, got sick or have an increase in your mortgage payments. These reasons have made you lose your financial balance, but there is hope. Seek the legal advice of a bankruptcy attorney Miami. The bankruptcy lawyers at Gallardo Law Firm sympathize with your financial hardship, and difficult circumstances.
The attorneys at Gallardo Law Firm can help you examine your situation and determine the best course of action, always keeping your best interests in mind. If appropriate, we will help you file a personal bankruptcy. We can also help you file a bankruptcy protection application for your business.
People often avoid contacting a bankruptcy lawyer because they are embarrassed, but you do not have to feel that way. After the process is over, you will feel relieved and will be able to start over.
An experienced bankruptcy lawyer will be concerned about what happens to their clients before, during and after they file for bankruptcy. After bankruptcy, people often struggle to develop good credit again; experienced and knowledgeable bankruptcy attorneys take that into account when processing your case. They know exactly what to do to make sure that customers can get credit after the bankruptcy appears on the credit report.
Bankruptcy lawyers are also aware that people are often in debt again after a couple of years. Therefore, a South Florida law firm, such as Gallardo Law Firm, performs other tasks to help its clients create a better financial future. For example, one thing they do for owners who have difficulty making their mortgage payments is to help them qualify for a loan modification so they can make their payments without putting themselves at financial risk.
A problem with bankruptcy attorneys, who do not have experience, may be the fact that their mistakes may mean that their clients lose their assets when they are trying to save them. An unqualified bankruptcy lawyer, for example, may have allowed very important deadlines to be met before the necessary documents are filed with the court.
For example, a client who wants to save their home from a foreclosure can do so by filing Chapter 13 bankruptcy, but their lawyer must file the corresponding documents before the foreclosure sale takes place. Unfortunately, it is known that an inexperienced bankruptcy lawyer ignores doing this until the lender sells the house. The result may be that the lender evacuates the previous owner of their home.
Even the most honest people can suffer serious economic misfortunes or make wrong decisions. This is the reason why someone can file a personal bankruptcy.
These are covered by two parts of the Bankruptcy Code of the United States, and that is the settlement of Chapter 7 and the reorganization of Chapter 13. Chapter 7 covers all debts, but you may have to turn over the property. Chapter 13 helps you with a payment plan. According to this Chapter, you can pay your debts in a period of three to five years.
Whether a company wants to recover from a debt or close it, all this can be determined by federal bankruptcy law. Chapter 7 can be used to liquidate or Chapter 11 to reorganize, which helps the company reorganize and become profitable again. Chapter 11 is often the best option because it allows the company to remain open. If the company is filing Chapter 7, the company must stop performing all operations.
The bankruptcy lawyers of Gallardo can offer many advantages when you decide to start this process with them:
The bankruptcy lawyers of Gallardo Law Firm in Miami provide high quality legal assistance, their security standards are one of the highest in the Miami community, and they protect the integrity of their clients, have respect towards them; while they achieve the best possible results for their client’s debts.
A person who files for bankruptcy may lose some property, but by hiring an experienced lawyer, they may not have to lose everything. They will need their basic belongings to move forward.
Chapter 13 of the Bankruptcy Code is popularly known as the "employee plan". Individuals present this chapter when they receive a regular income. They plan how to pay off their debts with the bankruptcy trustee and pay all or part of what they owe. These plans last between three and five years.
The owners of a corporation reorganize their debts under chapter 11 of the "Bankruptcy Code". With this option, business owners work to pay their creditors through the reorganization plan while the company continues to operate. In some cases, people can also file for bankruptcy under this chapter.
Chapter 7 of the Bankruptcy Code requires debtors to liquidate their assets to pay their creditors. For this purpose, the court appoints an administrator for individuals or couples in bankruptcy. Then, it is the trustee's job to collect the non-exempt assets of the debtors and sell them for cash. Then the administrator distributes the proceeds to the creditors.
When you file for bankruptcy, you must first pay a filing fee related to the costs associated with credit counseling. Given the case, you cannot pay the fees; you may qualify for an exemption from the full rate or to pay the fees. The fees associated with filing a bankruptcy application are around $ 300, depending on which chapter you are filing. Usually, this fee is owed when you file the petition unless you pay in installments or your fees do not apply. When applying for chapters 7 and 13, you must have credit counseling within six months prior to submitting your petition. You will also have to take a financial management course. The advice usually costs between $ 20 and $ 50. If you cannot afford the cost, you can always go to an agency and do it for free.
Our law firm can provide you with the resources you need to properly handle your case. Gallardo Law Firm knows the right strategies to win your case in court. We have the experience and knowledge and have been helping families in South Florida with these and many other legal issues. When you request legal assistance from our firm, we will explain how our team of professional qualified lawyers can help you in your financial hardship.
Call Gallardo Law Firm and schedule an appointment with us. Our bankruptcy lawyers in Miami can answer all your questions.