Bankruptcy in Florida

Get debt relief now. We've helped 205 clients find attorneys today.

There was a problem with the submission. Please refresh the page and try again
Full Name is required
Email is required
Please add a valid Email
Phone Number is required
Please enter a valid Phone Number
Zip Code is required
Please add a valid Zip Code
Description is required
By clicking "Find a Lawyer", you agree to the Martindale-Nolo Texting Terms. Martindale-Nolo and up to 5 participating attorneys may contact you on the number you provided for marketing purposes, discuss available services, etc. Messages may be sent using pre-recorded messages, auto-dialer or other automated technology. You are not required to provide consent as a condition of service. Attorneys have the option, but are not required, to send text messages to you. You will receive up to 2 messages per week from Martindale-Nolo. Frequency from attorney may vary. Message and data rates may apply. Your number will be held in accordance with our Privacy Policy.

You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

There are plenty of misconceptions about filing bankruptcy that may have given you the wrong idea about it. First of all, you should know that not all states have the same laws concerning bankruptcy. As a matter of fact, bankruptcy in Florida is based on some of the most lenient bankruptcy legislation in the whole country. There is no stigma involved with bankruptcy as there used to be. If you are stuck in an endless cycle of debt, see a qualified bankruptcy lawyer today.

Chapter 7 Bankruptcy

If you file Florida bankruptcy, then odds are you a filing Chapter 7, also known as liquidation or ‘straight' bankruptcy. This is the best way to file bankruptcy as you won't lose all of your possessions. However, not everyone is entitled to file Chapter 7 in Florida. The state of Florida also has certain exemptions on property so you don't have to worry about your creditors taking it. For example, you don't have to worry about losing your home or vehicle in most cases. When you file for Chapter 7 bankruptcy in Florida, you also may leave out certain debts such as your mortgage or auto loan. You may even leave out a credit card or two. This is known as reaffirmation of debt. This is telling a creditor that you wish to hold onto the debt as you can pay it off.

If you are in need of legal assistance, consult with a Bankruptcy Attorney in your area to receive a free case review.

Chapter 13 Bankruptcy

The reason why most people would declare Chapter 13 bankruptcy in Florida is in order to hold onto their homes. For example, if your home is about to be foreclosed upon, you may file for Chapter 13 so that you can set your payments to something you can afford. Together, you and your creditors will work out a debt payment schedule, so you can have your debts paid off in five years. During the time after you file for Chapter 13, your mortgage company is not legally able to foreclose upon your home.

How long will Bankruptcy affect my credit rating?

One of the most common questions regarding bankruptcy is how long your credit rating will be affected. When you declare bankruptcy in Florida, it will stay on your credit rating for seven years in case of Chapter 13, and 10 years in case of Chapter 7. The reason for this is that credit reporting agencies are required by law to keep this information on your reports for this period of time.

Get Professional Help
Get debt relief now.
We've helped 205 clients find attorneys today.
There was a problem with the submission. Please refresh the page and try again
Full Name is required
Email is required
Please add a valid Email
Phone Number is required
Please enter a valid Phone Number
Zip Code is required
Please add a valid Zip Code
Description is required
By clicking "Find a Lawyer", you agree to the Martindale-Nolo Texting Terms. Martindale-Nolo and up to 5 participating attorneys may contact you on the number you provided for marketing purposes, discuss available services, etc. Messages may be sent using pre-recorded messages, auto-dialer or other automated technology. You are not required to provide consent as a condition of service. Attorneys have the option, but are not required, to send text messages to you. You will receive up to 2 messages per week from Martindale-Nolo. Frequency from attorney may vary. Message and data rates may apply. Your number will be held in accordance with our Privacy Policy.

You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you