In times of financial difficulty, bankruptcy may be one of the best options for escaping from overwhelming debt. If the terms of the bankruptcy are met, any remaining debts will be discharged and no longer collectible.

Filing for bankruptcy can be a long and confusing process if you don’t know what you’re doing. From deciding under what chapter to file to completing all the necessary paperwork and determining which assets can be protected, having an attorney by your side guiding you through every step of the process can be of great help and can save you money in the long run.

Chapter 7

A chapter 7 bankruptcy, often referred to as liquidation, can be an effective way to help debtors reestablish their credit and stop creditor harassment through the Automatic Stay of the US Bankruptcy Code. By discharging your debts through a Chapter 7, your credit will improve and it will afford you the opportunity to rebuild your finances without the pressure of debt collectors threatening you day and night to get paid. At Benjamin Law Practice, we are ready to help you through this difficult time by making sure creditors stop harassing you and you come out of the process free of debts and ready for a fresh start.

Call Benjamin Law Practice, PLLC to schedule a free consultation. We serve all of Miami-Dade, Broward and Palm Beach counties.

Chapter 13

If you have assets you want to protect or have significant income but are still struggling to meet your debt obligations, a chapter 13 bankruptcy might provide the relief you need and allow you to protect your assets. A chapter 13 might help you avoid foreclosure, a car repossession or a wage garnishment and will allow you to restructure your debt payments into an affordable monthly payment. After either a three or five-year plan, whatever unsecured debt remains might be discharged so you will no longer be personally liable to repay those amounts.

At Benjamin Law Practice, PLLC, we will go through your financial situation and determine if bankruptcy might be the solution for you.