Consumer Bankruptcy Lawyers in Deltona, Florida

Find the right Consumer Bankruptcy attorney in Deltona, FL

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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 Deltona, Florida will have particular rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Deltona, Florida

There are 2 main types of consumer bankruptcy in Deltona, 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 Deltona, Florida.

Chapter 13 Bankruptcy in Deltona, Florida

Chapter 13 bankruptcy in Deltona, 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 does not absolve debt, but restructures it instead. Normally, 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 normally manageable, as long as the debtor can make some sacrifices.

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

This depends entirely on the facts of your individual case. If you have a decent amount of stable income, and a large amount of non-exempt property which you don't want to part with, Chapter 13 may be the best option for you. If most of your property is exempt, and you don't have much stable income, Chapter 7 might be the best option.

Of course, you should always seek the counsel of an accomplished local Deltona, Florida bankruptcy attorney before you make the decision to file. He or she will be able to advise you of your options, and suggest the best possible course of action for your individual situation.

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Life in Deltona

Deltona is Florida's twenty-ninth largest city with a population of about 85,182 people.

Common industries include retlai trade, manufacturing and construction. Many residents commute to surrounding cities for work. Similarly, residents look to surrounding communities for their legal needs. The surrounding areas of Deltona, such as DeBary and Lake Monroe, are filled with many law offices and small firms that train excellent attorneys to handle residents' legal needs.

Deltona is also famous for its beautiful parks. Popular parks include Tom Hoffman Park, Campbell Park, and the Lake Monroe Boat Ramp. These parks include open areas for kids to play, butterfly gardens, walking trails, volleyball courts, tennis courts, picnic areas, gazebos, shuffle board courts and boat docks. These parks offer residents a great place to cool off from Deltona's humid climate.

Overall, Deltona is a small community that offers its residents beautiful naturist spots and unity.