Bankruptcy

Overwhelmed By Massive Debt You Can’t Repay? Declaring Bankruptcy May Not Be A Bad Choice. Osenton Law Can Help You Understand Your Options & Give You A Fresh Financial Start!

We Offer Personalized Legal Guidance Every Step Of The Way; Our Legal Help Can Protect You & Give You Peace Of Mind For The Future.

• Preventing foreclosure, repossession, & utility shutoffs

  As soon as you file for Chapter 7 or Chapter 13 bankruptcy, the court will issue what is known as an automatic stay provision, which will force collection to be paused. This gives you the chance to breathe, work with a lawyer, and figure out how to protect your assets.

• Stopping aggressive collection efforts & creditor harassment

  The bankruptcy court will also prevent your creditors from calling you or sending you collection letters. If your wages had started to be garnished, or if levies had been placed on your bank accounts, then these actions will also stop.

• Eliminating all or some of your debts

  There are three main types of bankruptcy options: Chapter 7, Chapter 13, and Chapter 11. Chapter 7 is also known as “liquidation” bankruptcy. In this type of filing, some of your possessions (not all) may need to be sold, but all of your unsecured debts will be discharged (eliminated) in a matter of months, and you won’t have to repay your creditors. If you make too much money to qualify for Chapter 7, you may need to file for Chapter 13, also known as “wage earner’s plan” bankruptcy. In this type of filing, some of your debts can be discharged, but most are reorganized into a manageable (typically three to five year) payment plan, so you have more time to pay creditors. Chapter 11 is the business form of Chapter 13 bankruptcy, also known as “reorganization” bankruptcy.

• Giving you tools to build better money habits

  Most of the time, people end up having to declare bankruptcy because they have a lack of financial knowledge. This isn’t anyone’s fault, but if you do file for bankruptcy you are required to go through credit counseling. This is a great opportunity for you to learn about budgeting, investing, and retaining strong credit, so you can avoid finding yourself in the same situation in the future.

• Actually improving your credit as soon as you file

  Many people mistakenly believe that bankruptcy will ruin their credit forever, but on the contrary, people who file for bankruptcy can see their credit improve on the first day after they obtain their discharge (Chapter 7) or start their repayment plan (Chapter 13, 11). After seven years, bankruptcy no longer appears on your credit.

At Osenton Law, P.A., we can give you sound counsel at every stage of the bankruptcy process. Our lead Florida bankruptcy lawyer will take the time to get to know your financial situation and answer all of your questions, explain whether bankruptcy is the best solution for you and what type of bankruptcy is best for your unique situation, set realistic expectations, complete all necessary paperwork, and represent you at any and all hearings. We’ll take the burden of bankruptcy and debt off of you so you can relax and focus on moving forward! Call today to schedule a free consultation with our firm and find out more about how we can help you.