If you are under a mountain of debt, and you can’t see your way to a better future, arrange to speak with Fort Lauderdale bankruptcy attorney Marc Brown. You do not have to keep living with financial insecurity. A number of practical options are available to reduce or restructure your debts and get your finances back on track.

If you have bills and unpaid debts in collections, or if your credit score is plummeting because you are not able to pay your debts, contact the Fort Lauderdale law firm of Marc Brown, P.A. right away to explore your options, including the bankruptcy option.

What is Bankruptcy?

Bankruptcy is a legal proceeding that involves a person or a business that is not able to pay off outstanding debts. Bankruptcy begins when your attorney files a petition on your behalf with a bankruptcy court. Your assets are then identified and evaluated, and those assets may be used to pay a portion of the outstanding debt.

Bankruptcy is a legal tool that gives people a fresh financial start. There are different types of bankruptcy for different situations. If your total family income is below the state’s median income for a household of your size, you can obtain a “Chapter 7” bankruptcy.

What Debts Are Discharged in a Bankruptcy Proceeding?

If your income exceeds the amount that’s allowed for a Chapter 7 bankruptcy, you will still be eligible to file a “Chapter 13” bankruptcy. (Chapters 7 and 13 are chapters of Title 11 of the United States Code, the complete federal laws of the United States.)

Unsecured debts – such as medical bills and credit cards – can be discharged in the bankruptcy process, but other debts – tax debts, student loans, and child support or any fines owed to a court – cannot be discharged in a bankruptcy. Fort Lauderdale bankruptcy attorney Marc Brown will answer all of your questions about bankruptcy and address all of your concerns.

When Should I Hire A Bankruptcy Lawyer?

The law does not require those filing for bankruptcy to have an attorney, but going it alone isn’t a good idea. Even the smallest mistake in the legal paperwork could cost you dearly, delay your bankruptcy, or even cause the court to reject your bankruptcy petition. You must have the advice and guidance of a skilled attorney who routinely handles bankruptcies for his or her clients.

There is no rule or law about when someone should file for bankruptcy. Attorney Marc Brown will review your personal circumstances before recommending any specific legal action. For some of our clients, bankruptcy is their only realistic option, but for many, there are alternatives to bankruptcy that are less costly and equally effective.

Schedule a Consultation With Bankruptcy Attorney Marc Brown

Attorney Marc Brown has more than a decade of experience successfully guiding his south Florida clients through the bankruptcy process – or finding an alternative to bankruptcy – and then helping his clients move positively and constructively into the future.

It costs nothing to learn more about bankruptcy and its alternatives or to begin the bankruptcy process. To schedule a first legal consultation at the law firm of Marc Brown P.A. – with no cost or obligation – call our Fort Lauderdale law offices now at 954-566-5678.