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Do you need a solution that will stop your creditors from hounding you? Declaring bankruptcy is one important option to consider. Bankruptcy can offer a clean slate and instant relief from harassing letters and phone calls from creditors. Once you retain Central Florida law firm John Roberts & Associates, P.A. to represent you, it is illegal for your creditors to contact you in any way. John Roberts and Associates offers insight into the pros and cons of filing for bankruptcy. We can explain the debts a bankruptcy will resolve, and which assets you will be able to keep. We have extensive experience in both commonly used bankruptcy forms for resolving personal debt: Chapter 7 Bankruptcy: If you need a fresh start, a Chapter 7 bankruptcy will resolve most forms of debt. Also known as a liquidation, a Chapter 7 filing automatically stops creditors from trying to collect from you. A Chapter 7 bankruptcy will relieve you of responsibility for most unsecured debts including credit cards, medical bills, broken leases, and personal loans. If you are current on your payments, you should be able to retain key assets such as your home and your car. In fact, you will typically be able to keep all your personal belongings with the exception of luxury items. Chapter 13 Bankruptcy: Also known as bankruptcy reorganization, Chapter 13 enables you to work out a repayment plan with your creditors. This bankruptcy form is usually the best option for individuals who make too much to qualify for Chapter 7 bankruptcy, or for those who are behind on mortgage payments and want to save their home. Your lenders will be compelled to accept your court-approved repayment plan. Your unsecured debts may be discharged or may be paid in the court-approved plan depending on your situation. The bankruptcy case concludes when you finish the court-approved plan, usually in three to five years. If you've fallen behind in your payments but believe you could pay off your debts over time, a Chapter 13 bankruptcy can help you rebuild your credit. If you're wondering whether bankruptcy is a step you need to take, contact John Roberts and Associates for a free consultation. |
Famous Bankruptcy Cases
Rembrandt Haremenszoon Van RijnArtists often don't make money until after they're dead. Distraught over the death of wife Saskia, Rembrandt painted less but continued his free-spending ways, and by 1656 was bankrupt. His house and artworks were auctions, but didn't raise enough to pay his creditors. After the bankruptcy, he left his hometown of Leiden, Holland, and lived in seclusion for the rest of his life. |
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John Roberts & Associates, P.A.
37 N. Orange Ave, Suite 500
Orlando, FL 32801
Phone: (321) 972-8173
John Roberts & Associates, P.A.
300 Interchange Blvd, Suite E
Ormond Beach, FL 32174
Phone: (386) 676-4467
John Roberts & Associates, P.A.
1053 Maitland Center Commons Blvd.
Suite 100
Maitland, FL 32751
Phone: (321) 972-8118
John Roberts & Associates, P.A.
6963 E. Fowler Ave
Temple Terrace, FL 33617
Phone : (813) 644-5964
