Chapter 7 & Chapter 13 

Florida Personal Bankruptcy Attorneys

Bankruptcy may be a good alternative for those individuals who are behind on their bills. If you are experiencing financial hardship, it is important to take steps to improve the situation as soon as possible. To find out if filing for Chapter 7 or Chapter 13 bankruptcy is right for you, please  contact our law office  to schedule a free initial consultation. 

Qualifying For Bankruptcy

Whether you qualify for bankruptcy under either Chapter 7 or Chapter 13 will largely depend on your current financial landscape. Our first step is to meet with our clients and find out exactly where they are at and what type of bankruptcy might be right for their situation.

 

Chapter 7

 

Chapter 7 or “liquidation” is usually the fastest and most cost-effective method for debt elimination. Long term, it allows for most types of unsecured debts to be wiped out. Short term, it immediately stops creditor harassment and stays foreclosure proceedings. Chapter 7 is often a good option for people who have extensive personal debts from credit card bills, mortgage payments, or medical bills.

 

Chapter 13

 

Chapter 13 bankruptcy is essentially a “reorganization” of your debts accomplished through a repayment of some of your debt. Chapter 13 may be appropriate for people who have a steady income but have fallen behind. You may be able to conserve your assets such as a house or car and be put on a repayment plan lasting three to five years. A plan that is in line with your current ability to pay. Chapter 13 will help you keep your house and stop foreclosure. 

Located in Cocoa, Florida,  Speicher & Speicher, PA offers legal services in the areas of bankruptcy, divorce and paternity, and estate planning. Please contact Speicher & Speicher, PA at 321-637-9937 for more information or to schedule an initial consultation.

Contact the firm

At Speicher & Speicher, PA, we use our more than 45 years of combined experience to the advantage of each of our clients. We pride ourselves on creating an environment where our clients feel comfortable while discussing their difficult legal issues. Our law firm has flexible hours, and we are available by appointment when necessary to meet our clients’ scheduling needs. To schedule a free initial consultation with a Brevard County debt attorney, contact us at 321-637-9937 or online.We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.