Umatilla, FL Bankruptcy Law Firms & Lawyers

If you are going to file a chapter 7, which is what you seem to want to file, an attorney will need to take their fee up front because if the don't, the debt you owe will be discharged in your bankruptcy with your other debts. Whether you can or should file a chapter 7 is an analysis that needs to be done by an attorney. In a chapter 7, if you have unprotected equity in your house or car, you could lose either or both. So see a good and experienced attorney to make sure you file the correct bankruptcy and that the bankruptcy is done correctly.

When filing bankruptcy in Florida, a property will be of interest to the estate if there is equity in the property. For example, if you have a second house free and clear of liens, a trustee will be able to sell this property to recover money to pay your creditors. In most circumstances, in Florida, if the property serves as your homestead, it is usually exempt and protected from creditors barring occasional issues with how long you have been living there and where the money came from to pay it off. When filing bankruptcy in Florida, debtors are fortunate as the laws for protecting homesteaded property are favorable to debtors.