Questions And Concerns About Florida Bankruptcy

At Hathaway Sprague Law, P.A., many concerned clients ask us questions about bankruptcy. Attorney Kathryn Hathaway is board-certified in consumer bankruptcy by the American Board of Certification and will always provide informed, honest answers.

Read on for the answers to some frequently asked questions about bankruptcy.

Which Type Of Bankruptcy Should I File?

Most individuals file either Chapter 7 or Chapter 13 bankruptcy. The chapter that is right for you will depend on your particular financial situation. There is a means test that will calculate if you qualify for Chapter 7 in Florida. If your income is equal to or below the predetermined amount of the test, you will be eligible. At Hathaway Sprague Law, P.A., we can help determine which filing is right for you.

What Do I Do If My Chapter 13 Case Is Dismissed?

If your Chapter 13 bankruptcy is dismissed, creditors are still able to file a suit against you. These cases can be dismissed without discharge due to issues with the bankruptcy plan payments. A trusted lawyer can help avoid problems with the payments and stand by your side when the creditor decides to file a suit against you.

Will My Car Be Taken Away If I File For Chapter 7?

Not necessarily. In Florida, up to $1,000 of your interest in a vehicle can be exempted from bankruptcy proceedings. Our attorneys will help you identify options available to you for protecting your car during bankruptcy.

Will I Lose My Home With Chapter 7?

In most situations, you can keep your home as long as you are current in your payments and continue to make payments. In Florida, in most cases, the equity in your homestead is protected from creditors, even if it is 100 percent paid for. Your lawyer can help you review your unique situation.

Will Bankruptcy Help My Financial Problems?

Filing for bankruptcy may help with some financial issues, but it is not always the right step. Assets you own, inheritances you expect, lawsuits you are pursuing, as well as car loans, home mortgages, child support, alimony, student loans, criminal fines and other debts can all affect your decision to file.

Is Bankruptcy Right For Me?

Bankruptcy is not right for everyone, but it may be your best solution. Hathaway Sprague Law, P.A., can help you determine whether bankruptcy is the right solution for you and advice on when and how to file for bankruptcy. Use the online form to set up a confidential consultation or call our Tallahassee office at 850-391-2884 (toll-free 888-858-5404).

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.