DEBT RELIEF LAW CENTER
Attorney N. James Turner Can Help
Stop The Harassment!
Bankruptcy is a mechanism of the Federal Government to allow debtors (people who owe money) to restart their lives when they have gotten into a financial dilemma where there is no reasonable way to repay the debts they owe. Consumers who lose their jobs, face foreclosure, or become injured and face daunting medical and other bills, suddenly or gradually realize there is no way to repay in full the debts they owe to their creditors.
Bankruptcy allows those debts to be discharged if the debtor can show there is no money left to pay creditors after the rent and food and gas and other monthly necessities are paid, and the debtor does not have assets (beyond those which are exempt under Florida law) that can be sold to pay creditors.
Bankruptcy also provides a means to partially repay creditors over 3 to 5 years based on what is available from the budget, and then at the end of that time frame, the remaining amounts due on unsecured debts are discharged.
Once a discharge is granted, the debtor is no longer obligated to that creditor for the discharged debt. The debtor can then begin rebuilding his or her life.
Bankruptcy is a valuable tool as a defense to mortgage foreclosures and debt collectors. Once a bankruptcy petition is filed, all court action is stayed and all debt collection must cease. Any claims against the debtor must take place through the bankruptcy court. This process can provide a level of comfort to debtors who have been harassed by debt collectors.
In most cases, those filing for bankruptcy are able to retain their home, primary automobile, and other essential material possessions.
Often times, this may hinge on the experience of your bankruptcy attorney / lawyer.
There may be many factors which your bankruptcy lawyer (attorney) must address in order to provide the highest standard of legal representation in your bankruptcy claim, including, but not limited to:
STARTED SINCE 1990
Orlando Consumer Rights Lawyer - providing aggressive and affordable professional services to consumers who have been victims of debt collection harassment by debt collectors and auto fraud, to residents in Orlando, Kissimmee, and throughout the Central Florida Area.