Our Bankruptcy Attorneys Can Give You A New Start
Bankruptcy is a legal procedure that helps an insolvent person or business eliminate debt and repay creditors. Filing bankruptcy will immediately stop creditors from pursuing debt collection. This protection will continue at least until your debts are sorted out according to the law. Since the right to file bankruptcy is provided by federal law, all bankruptcy cases are handled in federal court.
Three common types of bankruptcy are Chapter 7, Chapter 11, and Chapter 13. The normally fastest and simplest method is Chapter 7 bankruptcy, which involves liquidating assets to pay off debts. Chapter 11 is filed typically in scenarios concerning a more complicated reorganization of a company or an individual’s financial affairs. In commercial cases, a company may be able to operate while it restructures debt over a period of time. In situations where an individual is earning regular income that exceeds eligibility requirements of Chapter 7, he can file for Chapter 13 bankruptcy and make monthly payments to creditors while retaining his assets.
We have 13 locations throughout Central Florida and North Central Florida. We are happy to meet you in the location that is most convenient to you. With our Main office in Orlando, we have 12 other offices including Clermont, Cocoa, Daytona, Gainesville, Kissimmee, Leesburg, Melbourne, Ocala, Orange City, St. Cloud, Titusville, and The Villages. We are humbled to assist you in bankruptcy needs. Our Bankruptcy Attorneys work aggressively to ensure your bankruptcy matter is handled with the care you should expect from a firm that has been around for over 40 years.
Don’t let debt control your life. Our Central Florida bankruptcy attorneys can help you decide which options are best for your individual situation.
If you are considering bankruptcy, please fill out our online Bankruptcy Questionnaire to receive a free telephone discussion with one of our experienced bankruptcy attorneys. During this free telephone discussion the attorney will go over your financial situation and your bankruptcy options.
Looking to discharge credit card debt or medical bills? A Chapter 7 bankruptcy may be the answer. Learn more today
Not eligible for Chapter 7? Chapter 13 bankruptcy could be the answer! Learn about individual reorganization options
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Frequently Asked Questions
This is a little tricky. There is no waiting period for a person to file bankruptcy after their initial filing, but if the person just received a discharge, they will be unable to immediately receive another. This might sound confusing, but basically a person can file as often as they like under the premise that if the initial filing was not approved, they would not have to wait to try again. Once a person’s debts are discharged, they are ineligible to receive another discharge for a pre-determined amount of time. Put simply, a person can file for bankruptcy as often as they want, but it will only be worth the time and effort until they are granted a discharge. Now that those hairs have been split, here is how often a person may receive a discharge. Once a person receives a Chapter 7 discharge, they cannot receive another Chapter 7 discharge within 8 years of the date of the original bankruptcy’s filing. If a person received a Chapter 13 discharge, they cannot receive another discharge within 2 years of the filing date of the original bankruptcy. Things get complicated again if a person wants to follow up their Chapter 7 bankruptcy with a Chapter 13 bankruptcy, or vice versa. Consulting an experienced bankruptcy attorney can help clear up the finer details.
No, but it is strongly recommended. A bankruptcy attorney can be an invaluable asset throughout the entire process. Bankruptcy laws have gone through recent changes that may make them even more difficult for individuals to handle on their own. One mistake can mean the difference between a successful bankruptcy and losing assets such as a home or vehicle.
Bankruptcy does impact a person’s credit score, but the effects do not last forever. Chapter 7 bankruptcies will normally remain on a persons credit history for 10 years, and a Chapter 13 bankruptcy will remain for 7 years. There is no reason for a person to think they can’t have strong credit after a bankruptcy. It is entirely possible for a person to end up having better credit than they did before filing bankruptcy. It should be noted that their interest rates may be higher, though.
How can We Help
Bogin, Munns & Munns Can Help With Your Bankruptcy Case
Don’t let debt control your life. Our Central Florida bankruptcy attorneys can help you decide which options are best for your individual situation. Fill out our Bankruptcy Questionnaire today to qualify for a free telephone consultation with our attorneys.
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Request a consultation by filling out the form below, or call us at 888.856.1930 We have over a dozen offices located in Orlando and across Central Florida. We’re happy to answer any of your questions.