Let us show you a better way out of debt. We can help with foreclosures, liens, wage garnishments, debt reduction and Chapter 7 and Chapter 13 bankruptcy filings in DeLand, Deltona, DeBary and Volusia County.
Is bankruptcy protection right for you? If you’re drowning in mounting debt and struggling to make ends meet, get help today from an experienced bankruptcy lawyer in DeLand, FL. Our free initial consultation will help determine if bankruptcy is right for you or if you would be better served exploring other financial remedies.
While many people often immediately think of bankruptcy protection as a way out of debt, bankruptcy should be considered a last resort. There are other financial remedies that may be able to help you achieve debt reduction, satisfy liens and avoid foreclosure.
As your personal bankruptcy attorney, we’ll discuss your financial situation and explore the best options that will help you reduce or eliminate your debt so you can get back on the road to achieving your financial goals.
A Chapter 7 bankruptcy filing is for individuals in severe financial distress who are seeking the discharge of their debts. While a repayment plan is not required, the bankruptcy court will allow creditors to seize property and assets that are owed to them. In addition, the court will require the liquidation of certain property like your car, to satisfy outstanding creditors.
A Chapter 13 bankruptcy filing does not discharge your debts, but it does provide relief with a debt repayment plan that can help significantly reduce your debts without having to liquidate your property or assets. More importantly, it can help many people in debt keep their homes. Once the Chapter 13 bankruptcy petition is filed, creditors must cease collection and foreclosure efforts immediately. And creditors will not be able to begin any collection or foreclosure activity while your case is in bankruptcy court.
Based on your financial situation, we may be able to help you reduce your debt and avoid bankruptcy with a debt reduction plan. Our legal team will negotiate with your individual creditors that can reduce the amount owed, lower interest rates, reduce or eliminate penalties, and give you more time to repay. If you’re having trouble making mortgage payments, you may qualify for a loan modification or other remedy that can help you avoid foreclosure.
For more information on how the Alexander Law Group can help guide you through your bankruptcy decision please contact us today at 386-734-3900.