Bankruptcy can happen to anyone, even people with high incomes. The difference will be the chapter of bankruptcy they file.
In most cases, if you don’t have a reliable source of income, you can file for Chapter 7 bankruptcy. This enables you to get most of your debt discharged, except for past-due internal revenue payments and a few other non-dischargeable debts.
The other option is Chapter 13. In Chapter 13, your debt is reorganized with a more manageable monthly payment.
Whatever your situation, it behooves you to hire an experienced bankruptcy attorney. Here’s why:
Expertise and Know-How
A bankruptcy attorney in St. Petersburg, FL, is an educated professional who specializes in both Chapter 7 and Chapter 13 bankruptcies. This means he’s familiar with bankruptcy laws in Florida and all the forms that must be filed. Your bankruptcy lawyer also handles cases on a regular basis, which more than qualifies him to help you.
Experienced bankruptcy attorneys are not out to cheat you. In fact, most will charge you between $1,000 and $2,000 for their services. The actual fee depends on your location, how much debt you owe, and the type of bankruptcy you file.
Help With Filing
You’ll have a lot of paperwork to complete when you file for bankruptcy. Your bankruptcy attorney in St. Petersburg, FL, will not only help you fill out all the necessary forms for your bankruptcy case, but he’ll also submit them to the appropriate parties.
Keep Your Home
Your bankruptcy attorney in St. Petersburg, FL, might be able to help you keep your home. You’ll still be responsible for making payments, but you won’t be forced to leave and the bank won’t assume ownership of your house. This can be a huge relief when you’re struggling financially.
The best thing about using an experienced bankruptcy attorney is knowing your case will get resolved. This will give you greater peace of mind and minimize your stress.
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