A Trusted Palmetto Bankruptcy Lawyer Ready to Serve You
Palmetto, Florida, is home to nearly 14,000 souls as well as Palmetto Historic District and Palmetto Estuary Reserve. Indeed, many of our best friends and clients live here. Our clients, of course, aren't having their best day when they come to us. Once financial distress progresses past a certain point, it never leaves your mind – like an uninvited guest who refuses to leave.
Financial distress can so clutter your mind that you are unable to see past it to the much brighter future you might enjoy if you begin playing your cards right from this day on. Bankruptcy, of course, is not necessarily the answer; but it might be. Don't allow the imaginary stigma of bankruptcy blind you to its potential benefits. Holland Law can show you the way out of your current distress. Our Palmetto bankruptcy attorney focuses in getting your creditors off your back to give you a new start.
What Bankruptcy Can Do for You
The most immediate benefit of a bankruptcy filing is an automatic stay, which the bankruptcy court will enter as soon as it accepts your petition. An automatic stay will prevent your creditors (to the extent that they are included in the bankruptcy) from:
- garnishing your wages;
- freezing your bank account;
- selling your property (except for certain non-exempt collateral); or
- harassing you.
The ultimate benefit of a bankruptcy, however, is the debt discharge that you receive once you meet the conditions of the bankruptcy. A Chapter 7 debt discharge takes effect once your non-exempt assets have been sold and the proceeds distributed to creditors. A Chapter 13 discharge takes effect once you complete the terms of a three- to five-year repayment plan.
Frequently Asked Questions (FAQs)
Can I afford to file for bankruptcy?
Perhaps the better question is, can you afford not to file for bankruptcy? There are expenses involved in bankruptcy, of course: court fees and attorney's fees, for example. Bankruptcy, however, gives you the fresh start that might be more than worth it in the long run. Before you file for bankruptcy, you need to perform a careful cost-benefit analysis that takes into account reasonable alternatives. Let our trusted Palmetto bankruptcy lawyer walk you through your case.
Will I have to go to court?
Yes, but you won't have to spend much time there, and our proven Palmetto bankruptcy attorney can come with you and help you. Your only required appearance will be at the creditors' meeting. In all likelihood, none of your creditors will bother to attend the meeting. The meeting will be presided over by a bankruptcy trustee who will ask you questions about your bankruptcy document and your finances. Your answers will be under oath, so you will have to answer accurately.
Can I keep my house and my car?
That depends on many factors including:
- Your income.
- The size of your household.
- Your payment history (are you behind on payments?).
- How much equity you have.
Even if you file for a Chapter 7 liquidation bankruptcy, Florida allows you to exempt certain property (meaning you can keep it), typically including your personal residence.
How often can I file for bankruptcy?
Strictly speaking, there is no limit on how often you can file for bankruptcy. There is, however, a limit on how often you can receive a bankruptcy discharge – without which there is little point in filing for bankruptcy. The limits are as follows:
- First Chapter 7, then another Chapter 7: Once every eight years
- First Chapter 13, then another Chapter 13: Once every seven years
- First Chapter 7, then Chapter 13: Once every four years
- First Chapter 13, then Chapter 7: Once every six years
Chapter 12 (farmer's bankruptcy) and Chapter 11 (bankruptcy for corporations and high net worth individuals) are subject to their own rules.
One Bold Move Can Make All the Difference in Your Life
Don't allow your creditors to intimidate you into inaction. If you find yourself sinking in debt, contact Holland Law by calling 941-306-3601 or by filling out our online case evaluation form to speak with an experienced Palmetto bankruptcy lawyer today. Our bankruptcy law firm can help you explore your options and craft a financial recovery plan that is tailor-made for your individual circumstances and concerns. We serve clients throughout Palmetto, including Artisan Lakes, Caloosa Gardens, Crystal Lakes, Eagle Pointe, Jaclyn Oaks, Mariposa, and elsewhere in town.
We are a debt relief agency, and we help people file for bankruptcy relief under the Bankruptcy Code.
Bankruptcy Attorney Palmetto FL
Financial distress can be overwhelming, clouding your vision and preventing you from seeing the brighter future that lies ahead. It's like a never-ending storm that consumes your thoughts, leaving little room for hope or optimism. However, it is crucial to remember that there are always options available to help you navigate through these turbulent times.
Bankruptcy often carries a negative connotation, but it shouldn't blind us to its potential benefits. While it may not be the ideal solution for everyone, bankruptcy can provide a fresh start and release you from the suffocating grip of debt. It presents an opportunity to rebuild your financial foundation and pave the way towards a more stable future.
At Holland Law, our Palmetto bankruptcy attorney specializes in guiding individuals out of their current distress. We understand how relentless creditors can be, constantly hounding you for payments and adding immense pressure on top of everything else. Our team is here to alleviate that burden by devising effective strategies tailored specifically to your unique situation.
It's time to regain control over your life and leave behind the shackles of financial turmoil. Take this moment as an invitation - an invitation to explore all possible paths toward freedom from debt. Remember, there is always hope even in the darkest moments; sometimes all we need is someone who believes in us enough to light up our path forward.
So why not take that first step today? Let Holland Law show you how bankruptcy might just be the key that unlocks a much brighter tomorrow filled with endless possibilities for growth and prosperity.