Jacksonville Bankruptcy Attorney
If you feel as if you are drowning in debt, it is likely time to take action
and resolve your financial issues. Bankruptcy may be the answer to the
circumstances you are facing. As you seek a path to a fresh financial
start and future financial security, speak with one of our firm's
Jacksonville bankruptcy lawyers at once.
At the Albaugh Law Firm, we may need to help you debunk some of the bankruptcy
myths that have resulted in your hesitation to file. We have more than
70 years of combined experiencing handling a wide range of bankruptcy
Chapter 7 is considered the "liquidation" form of bankruptcy
under the U.S. Bankruptcy Code. To qualify for relief under Chapter 7,
the debtor must be an individual, partnership, corporation or another
business entity. This type of bankruptcy begins with the filing of a petition
with the bankruptcy court if the debtor proved eligibility by passing
the means test.
Chapter 13 bankruptcy can be pursued if the debtor failed the Chapter
7 means test or if he / she has important nonexempt assets. In a Chapter
13 bankruptcy, you are able to keep your property but must pay back a
portion of your debts during a three- to five-year period. This chapter
of bankruptcy is beneficial for many individuals who prove they can afford
to make payments.
If your home is in the foreclosure process, we can take action to defend
it from being taken away. Mortgage holders can only foreclose on a property
by filing a lawsuit, which means that you will need to take legal action
by hiring our firm! You have various defense options available, such as
filing for bankruptcy.
If you are harassed by debt collectors and are overwhelmed by the exorbitant
amount of money you owe, we offer debt defense for your benefit. We can
help you stop collection actions and resolve your complex debt issues.
Rather than handling this situation on your own, we can help you resolve
the debt issues you currently face.
The process of loan modification is designed to help individuals who are
struggling financially and are unable to make their mortgage payments.
With loan modification, an individual is granted modification of the terms
of his or her loan by the lender. If you are facing the prospect of foreclosure
or vehicle repossession, we can help you with this bankruptcy alternative.
The sale of real estate that occurs when the owner owes more to the bank
than the property is actually worth is called a short sale. This is often
taken as a defense measure to foreclosure. If you are a homeowner who
is experiencing financial difficulty, the short sale of your home may
be a positive alternative to bankruptcy.
When individuals face substantial debt because of their home loans, credit
cards, and other spending habits or major expenses, wage garnishment may
go into effect. Wage garnishment forces a debtor's employer to withhold
a certain portion of the debtor's wages to be given directly to the
creditor. The federal limitation on wage garnishments is 25% of the debtor's
Repossession is an action that can be taken by a creditor when the debtor
has failed to make monthly payments on his or her vehicle. Vehicle repossession
can take place at any point up until the final payment is made. If you
need assistance avoiding vehicle repossession, we can help you.
Debt Relief from the Albaugh Law Firm
Each of our firm's bankruptcy attorneys has vast experience handling
various aspects of the bankruptcy process. We view bankruptcy as an opportunity
for people to help take control of their debt and cease harassment from
creditors. As you seek to rebuild your life with a fresh start to bankruptcy,
we offer the experienced help you need. Our Jacksonville bankruptcy attorneys'
goal is to pursue the most favorable outcome to our clients' bankruptcy cases.
Contact us today for the legal guidance you deserve!