Bankruptcy

Fort lauderdale Bankruptcy lawyer

In the United States, it has been reported that more than 1.5 million people file bankruptcy each year. If you are suffering through financial difficulties, you may be overwhelmed as your debt continues to pile up. While you may feel hopeless and unsure of what steps to take next, bankruptcy is one option that can offer you relief from the suffocating financial burden of your debt. Deciding to file bankruptcy in Florida is a decision that should not be taken lightly. It is crucial that you understand what the bankruptcy filing process looks like in Florida and what you need to do to get the relief you need. To get help filing bankruptcy, it is important that you speak with a Fort Lauderdale bankruptcy lawyer as soon as possible. 

The Law Offices of Daryl L. Jones, P.A is a bankruptcy law firm helping clients in Fort Lauderdale, Florida, and throughout south Florida seek relief from their debts. With the experience and integrity that our firm operates on, we are proud to provide dedicated representation to our clients throughout the entire bankruptcy filing process. Contact the Law Offices of Daryl L. Jones, P.A today to begin building your case to seek relief from your debts and a second chance at a better financial future. 

What Is Bankruptcy?

Bankruptcy is a legal proceeding involving a person or business who is unable to repay his/her outstanding debts. The bankruptcy process begins with a petition filed by the debtor, which is most common, or on behalf of creditors, which is less common. All of the debtor’s assets are measured and evaluated, and the assets may be used to repay a portion of the outstanding debt.

Bankruptcy offers an individual or business a chance to start fresh by forgiving debts that simply cannot be paid, while giving creditors a chance to obtain some measure of repayment based on the individual’s or business’s assets available for liquidation. In theory, the ability to file bankruptcy benefits the overall economy by allowing people and companies a second chance to gain access to credit, and by providing creditors with a portion of debt repayment. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations that were incurred prior to filing bankruptcy.

Why Do People File Bankruptcy?

Each bankruptcy case is different from the last. For each person, there may be unique and specific circumstances that have led to their financial difficulties. Some of the most common reasons for bankruptcy filing in Fort Lauderdale include:

Divorce

Married couples are making the choice to legally separate through divorce more frequently than at any other point in history. Not only is divorce an emotionally traumatic event for the family, but it may also cause a large financial burden. Whether you relied on your former spouse as the main financial supplier or you have had to start paying alimony or child support, this change to your financial situation may affect your ability to pay off your debts. 

Job Loss

Losing one’s job can create a huge change in a person’s life, especially regarding their financial situation. If you have lost your job for any reason, this stark change to your monthly income may affect your capacity to pay off any debts you owe. 

Medical Costs

If you or a family member is suffering from a medical issue such as catastrophic illness or injury, paying for necessary or life-saving treatments may exhaust your financial resources . These expenses can often leave people with piles of debt that they could never afford to pay off. 

If you are unsure of whether your situation qualifies you to file bankruptcy in Florida, contact our trusted bankruptcy lawyer. 

How Is Bankruptcy Handled in Fort Lauderdale?

All bankruptcy cases in the United States are handled through federal courts. Decisions in federal bankruptcy cases are made by a bankruptcy judge, including whether a debtor is eligible to file and whether to discharge his/her debts. Administration over bankruptcy cases is often handled by a trustee, an officer appointed by the United States Trustee Program of the Department of Justice to represent the debtor’s estate in the proceeding. There is usually very little direct contact between the debtor and the judge unless there is some objection made in the case by a creditor.

The process of filing bankruptcy can be overwhelming, but you do not have to do it on your own. When you work with our trusted bankruptcy lawyer, you will have a professional on your team who has the knowledge and experience to help guide you throughout the process. 

Contact a Fort Lauderdale Bankruptcy Lawyer

If you are suffering from crippling debt, you may find relief by filing bankruptcy in Florida. To get help with your case, contact a Fort Lauderdale bankruptcy lawyer today. 

At The Law Offices of Daryl L. Jones, P.A, you will work with our trusted Fort Lauderdale bankruptcy lawyer as you seek relief from your financial trouble. Attorney Aimee Melich at the Law Offices of Daryl L. Jones, P.A. is passionate about helping clients get a second chance and the fresh start they deserve when it comes to their financial situation. To speak with our trusted bankruptcy lawyer, Aimee Melich, contact us here or call (305) 969-3602.