Debt settlement is a practice that allows you to pay a lump sum that’s typically less than the amount you owe to resolve, or “settle,” your debt.
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
Mortgage modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower
My duty as an Attorney is to achieve the most favorable result for those who seek my help. I believe that you should have an Attorney who offers more than just experience. You should have an Attorney who cares about you and your case. You will not get a mass-produced, assembly-line legal service from the Law Offices of Avie Meshbesher Croce. You and your case will be treated with respect and individual attention.
Bankruptcy may not be the only option available to resolve your financial problems. At the Croce Law Office, we take the time to fully understand your particular situation. If we determine that filing bankruptcy is the best option for your current circumstances, you are in good hands.
Did you know Chapter 13 bankruptcy may help you qualify for a mortgage modification on your home, saving it from foreclosure. Interested in removing your second mortgage and possibly discharging your IRS debt?
There is no one correct answer to the question. The decision of whether or not a debtor should seek the protection of the federal bankruptcy laws is highly personal and individualized. It is usually not a decision that is reached easily or quickly. Before filing for bankruptcy, a debtor needs to know that not all debts are dischargeable. Put another way, not every debt that is owed can be wiped out or eliminated. For example, child support payments cannot be discharged in bankruptcy.
Bankruptcy is a method by which an individual or a business that is overwhelmed with debt can seek to be relieved of the debt. Alternatively, a debtor can seek reorganization. Most individual debtors or consumers who cannot pay their debts can file for bankruptcy, as can many companies, corporations, or businesses.
Bankruptcy law is federal, rather than state, law. Consequently, the United States Bankruptcy Courts have “jurisdiction” control and/or supervision of bankruptcy cases. There is at least one bankruptcy court located within each state. There are three bankruptcy courts in the Middle District of Florida.
The Bankruptcy Code is a group of federal statutes or laws that debtors and bankruptcy courts must follow. There are several “Chapters” of the Bankruptcy Code; a debtor must file a bankruptcy petition pursuant to one of these Chapters. For example, a debtor — either an individual or a business — might select “Chapter 7” in order to “liquidate” or wipe out many of the debts. A Chapter 7 “straight” bankruptcy allows debtors to make a “fresh start.” A Chapter 7 debtor will not have to repay many of his or her debts because the debts have been discharged.
Chapter 7 Eligibility and the “Means Test”
A debtor starts the bankruptcy proceedings by filing a “petition” in the appropriate bankruptcy court. A petition consists of the paperwork that is required to establish or open the bankruptcy case. The debtor must list all of his or her assets and debts in the petition. He or she must also provide other information, much of which might seem private or possibly embarrassing. The details of a debtor’s financial situation are, however, crucial in a bankruptcy proceeding; thus, a bankruptcy court will need such information.
No, you are not required to be represented by an attorney during bankruptcy proceedings. You may wish, however, to explore all your options before filing for bankruptcy without having first sought legal counsel. An attorney will be able to help you determine whether or not filing for bankruptcy is the wisest decision for you. An attorney will also know about any changes in the bankruptcy laws. As with most areas of law, bankruptcy law can — and does — change. For example, a lawyer would be able to advise a debtor of any recently enacted or passed laws that affect the debtor’s ability to wipe out or liquidate most of his or her debts. An attorney should be able to help a debtor that is considering filing for bankruptcy become aware of any possible changes or “reform” in the bankruptcy law that might make it harder or easier for that debtor to wipe out his or her debts.
At Avie Croce Law Office we can help you develop a strategy that works best for you.
I believe you should have an Attorney who cares about you and your case. Contact me today and I'll make sure you're treated with respect and individual attention.
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