If your financial situation is dire, take a deep breath and relax. You have a number of good legal options for resolving debt and building a more secure financial future. Not everyone who is in debt needs to file for bankruptcy, but if bankruptcy is the only practical option in your own case, you will need some guidance and advice from Fort Lauderdale bankruptcy lawyer Marc Brown.
The law firm of Marc Brown, P.A. is proud to help our south Florida clients resolve their debt issues and move into the future with a fresh financial start. We have more than a decade of debt defense experience. If you are stuck under a mountain of debt, speak with a Fort Lauderdale debt defense lawyer as soon as you can to learn about your legal options. The law firm of Marc Brown, P.A. will explain the several types of bankruptcy and the alternatives to bankruptcy.
What Are Your Options for Dealing With Debts?
Not everyone will qualify for a “Chapter 7” bankruptcy, which requires you to liquidate some of your personal assets and make partial payments on outstanding debts. If your income disqualifies you for a Chapter 7 bankruptcy, you are still eligible for a “Chapter 13” bankruptcy. A Chapter 13 bankruptcy creates a debt repayment plan that reorganizes your current obligations to help you pay off debts in a three-to-five-year period.
Even if you have a substantial income, a divorce or a serious illness can make it difficult to pay everything that you owe. Emergencies, of course, can happen to anyone, which means you may suddenly be burdened with debt that you never anticipated. In these circumstances, a Chapter 13 bankruptcy and repayment plan may be the right solution for you.
Consider the Alternatives to Bankruptcy, But Use Caution
The moment you file for bankruptcy, the bankruptcy court issues an automatic stay that prevents your creditors from harassing you or taking legal action against you. Even so, you should consider the alternatives to bankruptcy, which is honestly a last resort. Many creditors will work with you privately to restructure your payments and/or interest rate, and attorney Marc Brown can negotiate with those creditors on your behalf.
Be cautious about debt consolidation services. They are not attorneys, they can’t take legal action on your behalf, and they rarely provide genuine, long-term debt relief. The law firm of Marc Brown, P.A. can help you get the real and permanent relief you need from overwhelming debt, but you must take the first step and contact the right debt relief lawyer.
Debt Defense Attorney Marc Brown Will Work Diligently on Your Behalf
After a thorough review of your financial situation, Fort Lauderdale bankruptcy lawyer Marc Brown will be able to recommend the debt relief option that will work best for you. Finances affect every aspect of our lives, so it is vital to have legal advice that you can absolutely trust as you strive to get out of debt and achieve financial security.
Contact the Fort Lauderdale law firm of Marc Brown, P.A. – at 954-566-5678 – to schedule a no-cost, no-obligation first legal consultation. Attorney Marc Brown will guide you through a bankruptcy proceeding or find another debt relief option that works for you.