CLEARWATER BANKRUPTCY LAWYERS
When contemplating bankruptcy, the thought of it is somewhat overwhelming, and there is also a specific range of emotions that come with the decision. The bankruptcy laws are relatively complicated which is why consulting with a Clearwater bankruptcy lawyer can be a beneficial choice.
The other element of bankruptcy law is that it’s very personal and requires that you disclose a significant amount of financial information. This can make someone feel very vulnerable making it harder for many to discuss with an attorney. Choosing a bankruptcy lawyer Clearwater may feel like throwing darts at a map, but in this article, we hope to explain what you should be looking for when getting the right legal representation for you.
Qualities of a Qualified Bankruptcy Attorney in Clearwater
When you are dealing with something as important as the future of your finances, you’ll want to be working with the best bankruptcy lawyer in Clearwater for you. Here are some points to consider when hiring your legal representative.
Beneficial Factors of Working with a Clearwater Bankruptcy Attorney
Not all bankruptcy situations may require an attorney, but many often do since there are so many factors to consider. If you are uncertain about how to file or if you even should file, a lawyer can help you make an informed decision about that. In fact, there might be ways to work with creditors before having to file bankruptcy. An attorney can help identify what alternatives might be available to you and can work with creditors on your behalf.
Navigating Through Legal Decision Making
There are plenty of legal decisions that will need to be made through the bankruptcy process. When you work with a Clearwater bankruptcy attorney, you have a legal mind working on your case and in your best interests. They can thoroughly explain each choice, offer the pros and cons for each step along the process and file the appropriate paperwork to keep the courts satisfied and on deadline. Unfortunately, bankruptcy court judges are looking for ways to poke holes in your life circumstances and aren’t necessarily ready to make you a “good deal.” When you choose to work with a lawyer, it sends the right message to the judge about how serious you are taking your bankruptcy situation.
Let’s Talk Legal Fees
We understand that if you are filing for bankruptcy, chances are paying for legal fees is not going to come easy. Yes, there are fees involved when working with a bankruptcy lawyer in Clearwater, but this shouldn’t deter you from speaking with a legal professional to get guidance. There are many different options available, such as payment plans, which will all depend on your specific circumstances. Don’t go it alone, simply because you feel you have no way of paying for the fees. In fact, some cases can be solved rather quickly and for as little as $800-900.
A Breakdown of What Kind of Bankruptcy to File
One of the most asked questions that we get is, “What bankruptcy chapter should I file?” We know how confusing this all can be, so we thought we would wrap this article with a quick break down of the common ways to file for bankruptcy.
Chapter 7 Bankruptcy
One of the most common ways to file in Chapter 7, a form of consumer bankruptcy. While not common, you may have to give up assets such as material items, a car, jewelry or other similar things of value. This type of filing forgives much personal debt or loans but won’t eliminate debts like back taxes, spousal or child support orders or student loan debt. This type of filing will stay on your financial records for 7-10-years, but you’ll likely see an improvement in your credit scores just months after your bankruptcy is filed.
Chapter 13 Bankruptcy
In filing a Chapter 13 bankruptcy, you and your lawyer will work with the court to create a wage earners plan; meaning, a partial repayment plan. This option is for those who have regular income to develop a plan to make payments to creditors on full or partial portions of an individual’s debt. These plans usually span a 3-to-5 year time frame. Sometimes there are reasons where the court will approve a more extended repayment period for “cause.” Once this type of bankruptcy has been filed, creditors can no longer harass you for payment or seek to collect your debt to them.
Chapter 11 Bankruptcy
This type of bankruptcy is reserved for companies and organizations, but it’s worth mentioning here for clarity or if you are considering this filing option for your business. This typically involves a company reorganizing so they can hold on to their business and keep it alive. Over time, you will work to pay creditors according to the repayment plan decided on. There are particular guidelines and processes for this type of filing and will likely require the help of a bankruptcy attorney in Clearwater.
Can the Law Office of Carol A. Lawson, one of Clearwater’s best bankruptcy law firms, help with your potential bankruptcy case? Please give us a call or connect with us online to set up an appointment.
When contemplating bankruptcy, the thought of it is somewhat overwhelming, and there is also a specific range of emotions that come with the decision. The bankruptcy laws are relatively complicated which is why consulting with a Clearwater bankruptcy lawyer can be a beneficial choice.
The other element of bankruptcy law is that it’s very personal and requires that you disclose a significant amount of financial information. This can make someone feel very vulnerable making it harder for many to discuss with an attorney. Choosing a bankruptcy lawyer in Clearwater may feel like throwing darts at a map, but in this article, we hope to explain what you should be looking for when getting the right legal representation for you.
Qualities of a Qualified Bankruptcy Attorney in Clearwater
When you are dealing with something as important as the future of your finances, you’ll want to be working with the best bankruptcy lawyer in Clearwater for you. Here are some points to consider when hiring your legal representative.
Beneficial Factors of Working with a Clearwater Bankruptcy Attorney
Not all bankruptcy situations may require an attorney, but many often do since there are so many factors to consider. If you are uncertain about how to file or if you even should file, a lawyer can help you make an informed decision about that. In fact, there might be ways to work with creditors before having to file bankruptcy. An attorney can help identify what alternatives might be available to you and can work with creditors on your behalf.
Navigating Through Legal Decision Making
There are plenty of legal decisions that will need to be made through the bankruptcy process. When you work with a Clearwater bankruptcy attorney, you have a legal mind working on your case and in your best interests. They can thoroughly explain each choice, offer the pros and cons for each step along the process and file the appropriate paperwork to keep the courts satisfied and on deadline. Unfortunately, bankruptcy court judges are looking for ways to poke holes in your life circumstances and aren’t necessarily ready to make you a “good deal.” When you choose to work with a lawyer, it sends the right message to the judge about how serious you are taking your bankruptcy situation.
Let’s Talk Legal Fees
We understand that if you are filing for bankruptcy, chances are paying for legal fees is not going to come easy. Yes, there are fees involved when working with a bankruptcy lawyer in Clearwater, but this shouldn’t deter you from speaking with a legal professional to get guidance. There are many different options available, such as payment plans, which will all depend on your specific circumstances. Don’t go it alone, simply because you feel you have no way of paying for the fees. In fact, some cases can be solved rather quickly and for as little as $800-900.
A Breakdown of What Kind of Bankruptcy to File
One of the most asked questions that we get is, “What bankruptcy chapter should I file?” We know how confusing this all can be, so we thought we would wrap this article with a quick break down of the common ways to file for bankruptcy.
Chapter 7 Bankruptcy
One of the most common ways to file in Chapter 7, a form of consumer bankruptcy. While not common, you may have to give up assets such as material items, a car, jewelry or other similar things of value. This type of filing forgives much personal debt or loans but won’t eliminate debts like back taxes, spousal or child support orders or student loan debt. This type of filing will stay on your financial records for 7-10-years, but you’ll likely see an improvement in your credit scores just months after your bankruptcy is filed.
Chapter 13 Bankruptcy
In filing a Chapter 13 bankruptcy, you and your lawyer will work with the court to create a wage earners plan; meaning, a partial repayment plan. This option is for those who have regular income to develop a plan to make payments to creditors on full or partial portions of an individual’s debt. These plans usually span a 3-to-5 year time frame. Sometimes there are reasons where the court will approve a more extended repayment period for “cause.” Once this type of bankruptcy has been filed, creditors can no longer harass you for payment or seek to collect your debt to them.
Chapter 11 Bankruptcy
This type of bankruptcy is reserved for companies and organizations, but it’s worth mentioning here for clarity or if you are considering this filing option for your business. This typically involves a company reorganizing so they can hold on to their business and keep it alive. Over time, you will work to pay creditors according to the repayment plan decided on. There are particular guidelines and processes for this type of filing and will likely require the help of a bankruptcy attorney in Clearwater.
Can the Law Office of Carol A. Lawson, one of Clearwater’s best bankruptcy law firms, help with your potential bankruptcy case? Please give us a call or connect with us online to set up an appointment.
Our office stands ready to serve your needs.
Our office stands ready to serve your needs.
Phone: (727) 410-2705
Phone 2: (727) 330-1627
We are LBQT friendly; service animals welcomed; free parking and free WIFI.
Day, Evening and Weekend appointments available
2451 McMullen Booth Rd. #254 Clearwater, FL 33759
