Jacksonville Bankruptcy Attorney
Finding Solutions to Debt Throughout Florida
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.
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 experience handling a wide range of bankruptcy cases, including:
Chapter 7 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
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 disposable income.
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.
Let a Jacksonville Bankruptcy Lawyer Help
Each Jacksonville bankruptcy attorney at Albaugh Law Firm 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 goal
is to pursue the most favorable outcome to our clients' bankruptcy
cases. Contact us today for the legal guidance you deserve!
Contact Albaugh Law Firm for a
free consultation with a Jacksonville bankruptcy lawyer today!