Consumer Bankruptcy Lawyers in Boynton Beach, Florida

Find the right Consumer Bankruptcy attorney in Boynton Beach, FL

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is typically considered as an option of last resort, because while it can stave off financial disaster, it has some substantial long-term consequences warranting careful consideration of the costs and benefits. Being a product of federal law, bankruptcy will go through federal courts. Accordingly, the procedure for filing for bankruptcy in Florida is basically the same as the procedure anywhere else in the United States. However, individual courts in Boynton Beach, Florida will have distinct rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Boynton Beach, Florida

There are 2 typical forms of consumer bankruptcy in Boynton Beach, Florida: Chapter 7 and 13. Chapter 7 liquidates some of the debtor's assets. It requires a certain percentage of the debtor's assets to be sold off to pay as much of his or her debt as possible. However, many types of property that most people own are exempt, meaning that they don't need to be sold. This often includes houses, vehicles, insurance policies, and necessary personal items, like clothing. These assets are not available to creditors.

Once the non-exempt property is sold, the rest of the dischargeable debt is absolved. Some types of debt, however, is non-dischargeable, including student loans, criminal fines, and others. If most of your debt in Boynton Beach, Florida is not dischargeable, Chapter 7 may not be the best option.

Chapter 13 Bankruptcy in Boynton Beach, Florida

Chapter 13 bankruptcy in Boynton Beach, Florida is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your specific case. Chapter 13 does not excuse debt, but restructures it instead. Typically, various debts are consolidated into a single monthly payment. This is designed to make the debt more manageable, giving the debtor the chance to pay off the debt over a longer period of time, without all of it coming due at once. This is typically manageable, as long as the debtor can make some sacrifices.

Which Type of Consumer Bankruptcy Should I File in Boynton Beach, Florida

Whether Chapter 7 or Chapter 13 is the right choice for you depends heavily on your distinct situation. If you have a steady income stream, and a lot of non-exempt property, Chapter 13 might be right for you. If you don't have a steady income, and most of your property is exempt, Chapter 7 might be a better way to go.

Regardless of your situation, you should speak with an attorney in Boynton Beach, Florida who is experienced in bankruptcy before making a decision. They will be able to advise you of your options, and the likely results of each one, allowing you to make a much more informed decision.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Boynton Beach

Boynton Beach is located in the beautiful county of Palm Beach, with a population of approximately 6614. It is a popular metropolitan city of South Florida. Many residents enjoy breathtaking water views from their abodes because Boynton Beach is located across from the Intracoastal Waterway, Ocean Ridge, and Briny Breezes.

Boynton Beach has a diverse population with Asians, Latinos, Caucasians, Blacks, etc. With such a diverse population, Boynton is home to many industries, including the tourist and hotel industries. Such businesses often need legal help. Therefore, Boynton Beach businesses and residents have the option of seeking legal aid from firms of all size in and near Boynton Beach. South Florida is home to many well-respected firms and law offices that train excellent attorneys. Therefore, businesses and residents of Boynton Beach should never have any issues obtaining capable legal counsel.

Famous residents of Boynton Beach include Vincent Mason, Marlon Byrd, Hilary McRae, Otis Thorpe, Karrie Webb, and Vince Wilfork.

Overall, Boynton Beach provides a beautiful atmosphere, a diverse population, and a wonderful quality of life.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY