Is It Time To Consider Bankruptcy Chapter 7 In Fort Lauderdale?

Debt is a four letter word that plagues most Americans, with the average household sporting over $15,000 in credit card debt, over $160,000 in mortgages, $27,000 in auto loans and $48,000 in student loans. Added up, the average household is battling over $236,500 in debt! At DiTocco Law Group, PLLC , we know that when credit card debts and other unsecured debts keep growing, it can feel nearly impossible to get your head above water. If you’re struggling with your debts, it’s time to consider bankruptcy Chapter 7 in Fort Lauderdale.

Signs that Chapter 7 bankruptcy may be a good choice for you

You’re struggling with minimum payments

Our Chapter 7 bankruptcy attorney in Fort Lauderdale knows that minimum payments aren’t helping you out of debt. If minimum payments are all you can afford, then you’re not making a dent in your debt at all. It may be time to consider Chapter 7 bankruptcy.

Foreclosure is on the horizon

While Chapter 7 bankruptcy may not be able to eliminate your mortgage debt, it can help put a stop to foreclosure processes. Florida Homestead Exemption can help protect your home from exposure during Chapter 7’s processes, meaning you can work to fight foreclosure through Chapter 7 bankruptcy.

You owe more than you earn

When you’re considering Chapter 7 bankruptcy, it’s important to consider your income to debt ratio. If your credit card bills and other debts are more than you earn, it’s time to see how a Chapter 7 bankruptcy attorney in Fort Lauderdale can help.

Paying debts will cause major family issues

If paying back your credit card debts and other unsecured debts will cause your family undue stress, then it’s time to get a little outside help. A lawyer for bankruptcy Chapter 7 in Fort Lauderdale can help prove your circumstantial need for debt expulsion.

At DiTocco Law Group, PLLC, we know that declaring bankruptcy is a major decision that’s not to be taken lightly. When you’re contemplating bankruptcy, it’s in your best interests to consult with a Chapter 7 bankruptcy attorney in Fort Lauderdale first. At DiTocco Law Group, PLLC, we’re here to help you understand your best approaches to overwhelming debt. With Chapter 7 bankruptcy, you may be able to entirely erase unsecured debts such as credit card debts. To learn more, or to schedule your consultation, please call (954) 566-9000 to speak with an attorney from our team.