Deciding to file for bankruptcy can be a challenging and emotional decision. If you're seeking help from attorneys who understand the challenges of dealing with debt, you've come to the right place. At the DebtErasers Bankruptcy Law Firm office in Fort Lauderdale, we help English- and Spanish-speaking Broward County residents facing financial challenges.
Dealing with debt can feel overwhelming. If you're stressed about keeping up with paying your debts, bankruptcy might be a solution worth considering. We offer legal assistance for filing both Chapter 7 and Chapter 13 bankruptcies with no upfront costs.
Chapter 7 vs Chapter 13
There are two main types of bankruptcy, Chapter 7 and Chapter 13, which deal with overwhelming debt. Each has its benefits.
Chapter 7 Bankruptcy Filing
Chapter 7 is known for being the simplest and most affordable way to address debt issues. If you qualify for this option, you could wipe out various kinds of debt, such as:
- Credit card debt
- Medical bills
- Personal loans that aren't secured by property
- Debts resulting from lawsuits
Once you file for Chapter 7, creditors can no longer contact you to collect their debts, giving you some much-needed relief.
Chapter 13 Bankruptcy
On the other hand, with a steady income but still struggling with financial debt, filing for Chapter 13 might be the better choice. This type allows you to combine your debts into one manageable payment plan. You'll have the chance to pay off your debts over three to five years, making it easier to keep up with your monthly bills. Plus, it helps you protect your valuable assets while working towards debt-free.
Filing for Chapter 13 can also provide several helpful benefits, such as:
- Stopping the repossession of your car
- Preventing foreclosure on your home
- Restructuring tax debt
- Safeguarding important assets
Both types of bankruptcy cases can offer debt relief, depending on your specific situation and needs.
What to Expect After Filing for Bankruptcy
Filing for bankruptcy can feel like a daunting step, but it's important to know that you are not alone in this journey. One of the positive changes you can look forward to is that, within six months, negative credit information will typically be removed from your credit report with all major credit reporting agencies.
If you’ve been struggling with overwhelming personal debts, this is the moment for a financial fresh start. It’s a chance to regain control and start rebuilding your credit score, trusting the DebtErasers bankruptcy process and advice. Think of it as a new beginning—a path toward financial freedom that can lead you to a brighter future.
By staying diligent with your revolving debts and considering options like a secured credit card, you can take meaningful steps toward improving your financial situation. This proactive approach can not only enhance your credit but it can also open the door to homeownership sooner than you might think. Remember, every small step counts on this journey toward recovery and stability.
DebtEraser Law Firm Services in Fort Lauderdale
Real Estate Closing
Are you buying or selling a home? Our team is ready to help with negotiations throughout the process. We provide legal support for both buyers and sellers during the closing. With DebtErasers, you can trust that your real estate matters are handled correctly.
Loan Modification Negotiation
Are you feeling overwhelmed by big loans? A loan modification might help. It can lower your monthly payments and let you catch up on missed mortgage payments so you don't risk losing your home. To increase your chances of getting a loan modification, consider working with our experienced team at DebtErasers.
Creditor Harassment
Are you being bothered by debt collectors? The Fair Debt Collection Practices Act (FDCPA) protects you from unfair treatment. When you are represented by an attorney, debt collectors must stop contacting you once they know. Let us help you stand up against harassment and protect your rights.
Meet Your Fort Lauderdale Attorney
Eugene Feldman
Managing Partner
Eugene is committed to helping individuals in financial distress. He has helped thousands resolve their debt issues. Eugene works with clients from their initial consultation through discharge.
DebtErasers Fort Lauderdale Law Firm Office
We are located on Peters Road, in the heart of your local community. You can schedule an appointment or stop by our bankruptcy law firm in Broward County in person from 8:00 a.m. to 6:00 p.m., Monday through Friday.
8201 Peters Rd, Suite 1000
Fort Lauderdale, FL 33324
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Contact us: (305) 614-1250
No matter what concerns you may have about eliminating debt, we can assist you. Our law firm's offices across the United States are available to answer all of your questions.