Chapter 7 & 13 Bankruptcy

At J&J Legal we understand that sometimes, you need a fresh financial start. We are here to provide the solve to your financial issues and help protect your assets. You have options when it comes to filing for bankruptcy and the right to regain control of your financial future. Our firm is dedicated to assisting clients escape suffocating debt and start a new financial life. We take the time to explain the bankruptcy process and ensure you are fully aware of how bankruptcy impacts your property and your wealth. We will discuss the advantages and disadvantages of filing for Chapter 7 versus Chapter 13 bankruptcy based on your unique circumstances and help put an end to creditor harassment, wage garnishment, foreclosure, and repossession.

Helping individuals eliminate or restructure debts and reclaim financial stability is our main priority. Sometimes, this can be achieved without filing for bankruptcy. Alternative solutions are available and include debt negotiation, credit counseling, and debt consolidation. If bankruptcy is the best option for you, we can help you determine whether you are eligible to file for a Chapter 7 liquidation or a Chapter 13 repayment plan bankruptcy case. You may also be eligible to file for a Chapter 11 reorganization.

Overview of Bankruptcy Services J&J Legal Offers Consumers

No matter what type of bankruptcy you file, pre-filing credit counseling from a government-approved organization within 180 days before filing is mandatory.   Our attorneys can work with you to determine the bankruptcy best suited to your particular financial circumstances.  We assist individuals with:

  • Chapter 7

This is the most commonly filed type of bankruptcy and is also called liquidation.   Chapter 7 allows you to discharge most your debt relatively quickly—typically in three to seven months.

  • Chapter 11

Although this type of bankruptcy is most often utilized by businesses, it is also available to consumers and is a reorganization bankruptcy. This means an individual debtor can file Chapter 11 to reorganize their personal financial situation when their debt levels exceed those allowed for under Chapter 13.

  • Chapter 13

Frequently referred to as a “wage earner” bankruptcy, Chapter 13 bankruptcy entails a court-supervised payment plan where you repay secured and unsecured creditors monthly based upon your income and reasonable expenses. These payments are generally under better terms and involve lower payments.

Individuals are also required to complete a debtor education course before debts are discharged.  Approved debtor education agencies for individuals filing for bankruptcy in Central Florida can be found here.

If you are ready to regain control of your financial future, contact J&J Legal today for a free consultation. We offer confidential reviews of your situation and can help you determine which type of bankruptcy is best suited to your unique financial circumstances.

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