Bankruptcy Lawyers serving Lee, Collier, Hendry and Charlotte County
When is it time to file bankruptcy?
Many Lee County and Collier County debtors wait until all other alternatives have failed before they file bankruptcy. Bankruptcy can provide a family with a second chance and give a business new life. The time that you decide to file bankruptcy is important and can affect whether assets are able to be saved. If you are unsure when that time is for you, it may be time to speak with a Bankruptcy Attorney. Our online evaluation takes a short amount of time to complete. If you are behind on bills, buried in debt or your house is underwater – it may be time to give yourself a chance at starting over.
Don’t Feel Conflicted About Discharging Your Debts
If you are really behind on your payments, a creditor would rather recover some type of money from an ‘insolvent debtor’ who has filed bankruptcy. If a debtor does not file, the creditor may not recover any money at all. The creditor collects money because your non-exempt assets are divided fairly among the creditors. Under Florida law, your creditors cannot take your exempt assets.
Once you file bankruptcy, the debt collectors are not allowed to continue their collection activities. Bankruptcy stops the debt collection phone calls. Once your bankruptcy is discharged, the debt collectors cannot try to collect any debt that was discharged in the bankruptcy.
If you are getting phone calls for long overdue debts, it may be time to file bankruptcy in Lee or Collier County. Our online bankruptcy evaluation takes only a short amount of time to complete.
Chapter 13 Bankruptcy
Filing a Chapter 13 provides you more flexibility in restructuring your debt and the following benefits:
Automatic stay
As soon as you file a bankruptcy case, the automatic stay is effective. It prohibits creditors from taking any collection actions against you while your bankruptcy is active. The stay halts all collection calls, lawsuits and garnishments.
Debt consolidation
Your Chapter 13 plan allows you to reorganize your debt and consolidate it into one monthly payment that you make to the trustee, who then disburses the funds to your creditors as set forth in the terms of your plan.
Elimination of debt
Your unsecured debt, such as credit cards and medical bills, is paid a percentage of what is owed under your repayment plan. The percentage depends on your income and debt, but most debtors pay pennies on the dollar owed, if anything at all.
Learn more about Chapter 13 Bankruptcy
Faro & Crowder, PA
Attorneys Michael Faro and J. Christopher Crowder have handled cases over the entire state of Florida from Marathon Key up to Pensacola. The attorneys practice bankruptcy and debt relief as well as foreclosure defense. They understand how overwhelmed a financial situation can be and questions that may arise during a bankruptcy filing.
Serving Lee, Collier, Hendry, and Charlotte County with Bankruptcy Services
We provide services throughout Lee, Collier, Hendry, Charlotte and Monroe County including: Marco Island, Cape Coral, Golden Gate City, Golden Gate Estates, North Fort Myers, Estero, Bonita Springs, Saint James City, Pine Island, Sanibel, Alva, For Myers, Naples, Lehigh Acres, Captiva and Immokalee.
The decision to hire an attorney is an important one and should not be based on advertising alone. We believe our reputation and track record speak for themselves, but we welcome you to ask our other clients about their experience working with us.
