Clermont, FL Bankruptcy Law Firms & Lawyers

Whether you have to give up any assets in a Chapter 7 case depends on the value of the assets and the exemptions you have available under applicable law.  Exemptions are "protections" for value you have in certain assets such that they are "exempt" from collections.  Every state has different exemptions amounts available. Exemption laws are based on the state where you resided for the 2 years prior to filing your bankruptcy case or, if you lived in more than 1 state during that period, in the state where you resided for the greater part of the 180 days prior to that 2 year period.  You need to have a consultation with an experienced bankruptcy attorney in your area to get a more thorough evaluation of your situation. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.  

Good morning. I am sorry for the financial trouble you've experienced. Fortunately, a chapter 13 bankruptcy might help in your situation. Depending on the amount of the lien, you might qualify for a payment plan to repay the IRS debt during your case. Credit cards and many other debts may also be included.  A chapter 13 repayment plan typically ranges from 3 to 5 years.  They are complex, so you will need a bankruptcy attorney to sit down and assess the overall feasibility of your options under the bankruptcy code.  Regardless of whether you file bankruptcy, I hope things improve for you.  Best of luck to you and your family. 

There is a range of fees. You could file chapter 7 or 13. There are numerous issues that you should discuss with an attorney as to which to file. You should be able to obtain a free consultation.