Find Chapter 7 Bankruptcy Help in Fort Lauderdale
Filing for bankruptcy doesn’t have to be difficult. But for many people in Fort Lauderdale, it’s a necessary step to make a fresh start when trying to overcome a difficult financial situation. And, it’s important to carefully select the right legal professional. Many attorneys claim to be experts in several different disciplines, but in our opinion, the client is better served hiring a lawyer whose specialty matches his or her needs. When it comes to Chapter 7 bankruptcy protection in Fort Lauderdale, Miami or Palm Beach, attorney Tony DiTocco brings his significant experience representing clients in these specific cases.
First, it’s important to understand what distinguishes a Chapter 7 bankruptcy from a Chapter 13. Chapter 7 allows for the immediate elimination of unsecured debt after the liquidation of nonexempt assets. Chapter 7 cases can be resolved very quickly-usually in three months. Filers are usually able to maintain possession of their most valuable assets, including their homes, cars and retirement plans. Chapter 13 involves the undertaking of a repayment plan designed to allow creditors to recoup part of their receivables. The repayment plan can last between three to five years, depending on the Filer’s income. Once the payments are completed, the remaining debt is discharged. It is easy to see why two-thirds of the bankruptcies filed by South Florida Bankruptcy Attorneys are Chapter 7’s.
It’s important to have a Broward Bankruptcy Lawyer carefully evaluate your asset, debt and income situation and advise you as to the right type of bankruptcy protection.
The DiTocco Law Group, PLLC in Fort Lauderdale is committed to helping people throughout South Florida resolve their debt issues through Chapter 7 bankruptcy. Attorney Tony DiTocco has been a member of the Florida Bar since 1989 and during that period he has negotiated and discharged hundreds of millions of dollars of debt. Filing for Chapter 7 bankruptcy is a valuable option to eliminate your debt and regain your financial footing. Call our office today at (954) 566-9000 and learn what a Fort Lauderdale bankruptcy attorney can do for you.