You May Have Options For Your Secured Debts
The term secured debt refers to borrowed money that is attached to collateral. A home or vehicle is an example of a secured debt, but there are others. An experienced attorney can help you figure out the difference between your secured and unsecured debts, as well as the best way for you to get a fresh financial start.
The DiTocco Law Group, PLLC, handles a wide range of bankruptcy matters for Florida residents from conveniently located offices in Miami-Dade, Palm Beach and Broward counties. Your choice to file Chapter 7 or Chapter 13 bankruptcy can affect certain debts differently. Our lawyers can help you decide which bankruptcy option will best meet your needs.
What Are Your Choices?
When you file bankruptcy with secured debts in your name, you have two viable options. They are:
- Reaffirm the debt and continue paying on the loan
- Surrender the collateral
Theoretically, you could also pay off the loan in full, but this is rarely done.
When struggling with debt, you will need to consider which of the two options is best for you. We have many ways to help you find debt relief.
Contact Us Today
If you need help determining which of your debts are secured, as well as the best way to handle them, email our firm today. Or, if you prefer, call 954-566-9000 to schedule your free initial consultation with an attorney in Boca Raton.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.