Pace, FL Bankruptcy Law Firms & Lawyers

Several issues that need to be dealt with . First and foremost, how much are your assets worth? In bankruptcy, the court may force you to sell cars,summer houses,  boats and cash in bank accounts to pay creditors. Some assets are protected but Bankruptcy Trustees live for unsophisticated people with unprotected assets  to file bankruptcy . Second, the court will force you to change your lifestyle before giving you relief. For example, I am working with a painting contractor who sends his kid to private school. I could not put him into bankruptcy  because the court would require him to send his kid to public school and use the money to pay creditors. If issues like this are resolved, then a bankruptcy may give you relief

You can get a book at the bookstore for bankruptcy, such as those by Nolo, that might help you file yourself. Also, the bankruptcy court will generally let you make installment payments towards the filing fee. If you have any concerns about your bankruptcy, you may want to hire a lawyer to at least review your case.

You need to start educating yourself about bankruptcy. You also need to look into social security disability benefits. How long you stay in the home after making no payments is largely amourphous. Some people have not made mortgage payments for years and are still in their homes. Others get foreclosed within a year or so. It depends upon the bank. You may also want to look into modifying your mortgage. The main thing to concentrate on is getting some sort of income, and you may qualify for disability, as well as supplemental security income. Look into both. Hire an attorney to represent you.