Bankruptcy Law Fort Lauderdale

Bankruptcy Law Fort Lauderdale: Bankruptcy Tips

Delinquent mortgage status, unpaid credit card bills, unpaid loans, and a lot of interest piling up

With the dwindling economy, more and more people are unable to pay their bills and are finding it hard to keep up with payment schemes. When these happen and when there is nothing else to be done, filing bankruptcy would be one option for most. Knowing bankruptcy law in Fort Lauderdale or in your area would be helpful when you are looking into filing for bankruptcy. To help you with this, an expert bankruptcy attorney may be of great service to you and your cause.

Assess Your Financial Situation Honestly

Make sure you do a regular review of your income and your expenses. This will determine your financial situation and you will be able to see if paying your bills is still possible. Assess your financial situation regularly to help you keep record of your debts and expenses.

Knowing the Advantages and Disadvantages of Bankruptcy

Before diving into bankruptcy, it would be advisable for you to look into both the advantages and disadvantages of bankruptcy. Look into not just the good side of it like the discharge of most, if not all debts but also the negative side of it like having bad credit or losing a property. A good bankruptcy lawyer would be able to explain the pros and pitfalls of bankruptcy to you.

Not All Debts Could Be Discharged

If you think that filing for bankruptcy will eliminate all of your debts, you may or may not be correct. There are some kinds of debts that cannot be discharged in bankruptcy. Look into this and decide if bankruptcy is indeed the best option for you. Debts that are not included in discharge include alimony, child support, student loans, and some taxes.

Find a Reputable Bankruptcy Lawyer

A reputable, experienced, and knowledgeable bankruptcy lawyer would be very helpful when you do decide to file for bankruptcy. Look for someone you can communicate comfortably with. Aside from this, make sure you ask all the pertinent questions you may have regarding filing for bankruptcy. Do your research before hiring a lawyer. Ask about fees and payment plans as well.

Every bankruptcy case is different so make sure you take the time to talk to experts before you decide. There are a lot of law firms that offer free consultations which you should take advantage of. These tips and tricks will help you in your bankruptcy issues.

Winston I Cuenant, Esq., has been a bankruptcy and foreclosure attorney in Fort Lauderdale Mr. Cuenant areas of expertise include foreclosure defense, consumer chapter 7 and chapter 13 bankruptcy, corporate chapter 7 bankruptcy, contract formation, real estate litigation and complex commercial transactions.

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