Perhaps you may have
some questions about the Bankruptcy Law Fort Lauderdale that you want immediate
answers but you have hard time finding someone to ask. Many are also having
some troubles identifying the differences between chapters 7 and 13 of
bankruptcy. The Chapter 7 bankruptcy is a liquidation of all the debtor’s
non-exempt assets. This will result to cancelling most, if not all, types of debts
that one or an organization may acquire. Bankruptcy cases that fall under
Chapter 7 are advantageous to people without very valuable assets who have
extremely high debt figures without the capacity to pay.
It is not impossible
that a person may keep all of their possessions while wiping out most, if not
all, of their duties with the asset exemption permitted in the state of
Florida. But in case a person wants to retain a number of cars, homes and other
valuable ownerships, the Chapter 13 is the best option. This is the chapter
that is better for an individual who needs ample time to pay off particular
debts. Compared to Chapter 7, Chapter 13 is not the insolvency of the
non-exempted assets. In this chapter people will be able to maintain all the
properties in spite of its value if one chooses to.
In addition, if you
have more than one mortgaged property, you can lighten yourself of the burden
of payments or your second or your third depending on the home value. If you
want to educate yourself more about the Bankruptcy Law Fort Lauderdale, you
should contact an undisputed lawyer or law firm.
Winston I. Cuenant, Esq., is
a highly talented French speaking
attorney Miami who can extend his
helping hands to guide towards a successful legal battle. He can handle case in
real estate, civil litigation, filing for bankruptcy and more.
Please Contact Our Office +19547664271 for FREE
Consultation or visit us on
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