The bankruptcy process differs a little in most states, so it’s essential to discover more about it before filing the bankruptcy. In Florida, you can fill the whole petition by yourself. However, to avoid some unexpected situations and do everything in the right way, a consultation of a lawyer is required. There are several reasons why a bankruptcy law company can help you a lot, so let’s examine them thoroughly.
Why Do I Need to Consult a Lawyer?
The bankruptcy process in Florida is defined by federal law. It determines the property that you can save. Also, you should know specific filling data. That’s why a consultation with a lawyer provides you with a more clear vision of how to move on.
Which benefits do you get from consulting a lawyer?
- You discover which paperwork you should do and save your time;
- The process becomes protected from fraud;
- You know when it’s time to file for bankruptcy;
- The attorney helps you to keep your property.
A qualified attorney defines the best time to file bankruptcy. In some cases, if you do this sharply, you can lose your property. A lawyer can estimate what you need to keep the property you want.
When you file for bankruptcy, the chance that you run into fraud and face unpleasant consequences is high. To avoid such situations, a lawyer checks all the documents and searches for any mismatches. Such a professional approach minimizes risks and makes the process more clear.
After the whole bankruptcy process, the attorney will help you to figure out when you can stop paying the bills. Moreover, they will also define which ones you erase after filing the bankruptcy.
If you decide to consult a lawyer, you don’t need to collect all the documents at once. The attorney will tell you which forms you need to fill and which paperwork you should do. There are many sites that you can visit and ask for a lawyer’s help. One of them is debtstoppers.com, which concentrates on the bankruptcy process in various states, including Florida. On the website, you can find the lawyer’s contacts and get a free consultation if you need it.
More Questions About Bankruptcy in Florida
Here you can find more detailed information about the bankruptcy process. However, each case has its specifics. An attorney is the one who can help you define them and provide a solution.
When should I file bankruptcy?
If you tried diverse options to decrease debts, and they didn’t work, you might start to consider bankruptcy. In case your car and house are at risk, it’s also a significant reason. Filing for bankruptcy will save your property in most cases. It also helps you to prioritize what is more essential for you. For example, if you have children or relatives that depend on you, the debts are unwilling. Sometimes, you can even spend retirement savings, which is not the best way out. There are also some other signals when to file for bankruptcy, which can be defined by a lawyer.
How to fill the bankruptcy petition in Florida?
The first step you should take is to collect all the needed documents about your property, business, and others. Afterward, the attorney will file them into bankruptcy court. In Florida, you can do this by yourself. But the lawyer knows all the specifics of filing the petition. Your bankruptcy officially starts when this document is approved electronically and you get a case number from the court.
Which property can I keep after filing the bankruptcy?
In most cases, you won’t lose any property. However, it depends on many factors like your payment history, where you live, and loan status. You can protect your property according to Chapter 7 and Chapter 13 bankruptcy. Some options require the non-exempt property value payment after filing the bankruptcy. Discover more about the specifics of your case to know what you can save.
Benefit from Professional Help
Filing for bankruptcy is sometimes the only way to cope with your debts and get a new financial start. A consultation with a lawyer can protect you from fraud, give you a clear vision of the process, and save most of your property. With professionals, you can make this process safer and much simpler in Florida state.