LAKE COUNTY FLORIDA BANKRUPTCY ATTORNEYS

People who have trouble paying their debts sometimes consider bankruptcy as a remedy. A Lake County Florida Bankruptcy Attorney can guide you through this difficult journey. The reason that an individual usually files bankruptcy is to obtain a discharge because the debt load is unsustainable. The discharge, in a lot of cases, will discontinue your personal obligation to repay your debts. When a court discharges the debt, creditors will be unable to harass you about them. The creditors will have no claim on your future income, property or assets.

A bankruptcy discharge will negate your personal obligation to pay the mortgages or liens; however a discharge does not remove the lien or mortgage from the property. To keep your assets, you must continue to make the payments on the home, car or property. It is possible to have a second mortgage removed from your home and our BCN Bankruptcy Attorneys in Lake County can show you the process.

Also, a bankruptcy may allow you options on your home mortgage or car.

CHAPTER 13 FLORIDA BANKRUPTCIES
In a Chapter 13 bankruptcy you may keep the property that you own. However, if it has a lien or mortgage on it and you wish to retain it you will have to keep up the payments.

CHAPTER 7 BANKRUPTCIES
If you’re struggling to stay in budget due to excessive debt from credit cards or medical bills, Chapter 7 Bankruptcy may be one type of solution to help you maintain control of your financial assets.

A Chapter 7 bankruptcy is a legal process that could help you wipe out your debts in as little as a few months. Many people who file Chapter 7 bankruptcy are able to get out of debt without having to give up any of their personal property.

IMPORTANT FLORIDA BANKRUPTCY DISCHARGE RULES
You can be denied a discharge. This is rare however if you honestly and completely disclose all of your assets and liabilities. Our Lake County Bankruptcy Attorneys will ask you many questions in order to help you organize all of your assets and liabilities. This will help you make a complete disclosure which is required by Florida bankruptcy law. A primary reason for a denied discharge is the fraudulent transfer of assets to keep it away from your creditors.

There are a few debts, such as child support, alimony, various taxes and student loans that cannot be discharged in bankruptcy. At the Law offices of Boyette, Cummins and Nailos we can counsel you in this difficult process. The first consultation is free. Just call 855-LAW-2020.

CHAPTER 7 BANKRUPTCY
CHAPTER 13 BANKRUPTCY
FORECLOSURE DEFENSE
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