Consumer Bankruptcy Lawyers in Davie, Florida

Find the right Consumer Bankruptcy attorney in Davie, FL

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

Chapter 7 Bankruptcy in Davie, Florida

There are 2 main types of consumer bankruptcy in Davie, Florida: Chapter 7 and 13. Chapter 7 states that a certain percentage of the debtor's property be liquidated to pay off at least a small part of their debt. However, many forms of property are exempt, and do not need to be liquidated, such as cars, homes, insurance policies, and retirement accounts.

Once qualified assets are sold, and the money turned over to the creditors, most remaining debt is absolved. However, there are certain types of debt that cannot be absolved in bankruptcy, including student loans, taxes, child support, and criminal fines. If most of your debt is non-dischargeable, it may not be a good idea to file for bankruptcy in Davie, Florida.

Chapter 13 Bankruptcy in Davie, Florida

Chapter 13 bankruptcy in Davie, Florida is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your individual case. Chapter 13 bankruptcy does not excuse debt, it restructures it. This involves a court coming up with an altered repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original contracts that created the debt in the first place. This creates a new payment structure, normally involving a single monthly payment, that the debtor should find manageable.

Which Type of Consumer Bankruptcy Should I File in Davie, Florida

Which Bankruptcy type to file under depends strongly on the facts of each particular case. If you have a stable stream of income (enough to make a payment plan manageable), and a large amount of non-exempt property that you don't want to part with, Chapter 13 may be best for you. If you don't have a stable income or large amounts of non-exempt property, you may be better off filing for Chapter 7.

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

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Life in Davie

Davie, Florida is a city filled with history. It was first named Zona. In 1909 a gentleman named Robert Parsell Davie, who was a developer, came into Zona and drained out the swamplands, which were filled with mosquitoes. The people of the city were so thankful that they renamed the city Davie after the developer. Davie is known to many as a "Western town," rather than a city because many people own horses and herd cattle.

Some popular attractions in Davie include the Flamingo Gardens, Miami Dolphins Training Facility, Bergeron Rodeo Grounds, Bamford Sports Complex, and Young At Art Museum.

Now, Davie has become more city-like, and it not just a place filled with horses and cattle. Davie, in fact, is home to many small law offices. Attorneys in Davie are very intelligent, and devoted to serving their community.

All in all, if you are looking for a small town with a lot of love, hospitality, and a legal force presence, Davie is the place to be!

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