Consumer Bankruptcy Lawyers in Naples, Florida

Find the right Consumer Bankruptcy attorney in Naples, FL

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is usually considered as an option of last resort, because while it can stave off financial disaster, it has some significant 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 Naples, Florida will have individual rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Naples, Florida

In Naples, Florida, there are 2 commonly-used types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 involves liquidation of part of a debtor's assets. It requires that a certain percentage of the debtor's property to be sold to pay off as much debt as possible. The majority of property that most people own, however, is exempt. This usually includes homes, vehicles, retirement accounts, and others. These are not available to creditors.

Once eligible assets are sold, and the money turned over to the creditors, most remaining debt is discharged. However, there are certain types of debt that cannot be discharged 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 Naples, Florida.

Chapter 13 Bankruptcy in Naples, Florida

Chapter 13 Bankruptcy in Naples, Florida differs significantly from Chapter 7. It might be a better option than Chapter 7, depending on the facts of your case. Chapter 13 does not eliminate any debt, but it creates a new payment plan that should give the debtor some breathing room. Typically, all of the debts are consolidated into 1 periodic payment. While this may make it take longer to pay off the debt, if the debtor is willing to make a few sacrifices, the plan should be manageable.

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

Chapter 13 is usually a good option for people who have a stable income, and a large amount of non-exempt property that they can't part with. On the other hand, if most of the debtor's property is exempt, and he or she does not have a stable income, Chapter 7 might be more beneficial.

Of course, you should always seek the counsel of an accomplished local Naples, 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 particular situation.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Naples

Naples may remind some of Europe, however Naples is also a city in Collier County, Florida. It is a very small city, with a population of about 21,650 people.

The economy largely thrives off of tourism. Naples is a popular vacation spot because it is known as "the Paradise Coast." Alongside tourism, the largest employer is the Fortune 1000 company Health Management Associates. Other top employers include Arthrex and INgage Networks. With such a variety of employers, Naples residents are able to sufficiently provide for themselves. In fact, Napes was ranked amongst the tenth priciest cities.

Popular attractions include the Everglades National Park, Florida Panther National Wildlife Refuge, Picayune Strand Forest, and Corkscrew Swamp Sanctuary.

Naples is also filled with many small law offices. Attorneys focus on providing personalized legal services, and are very capable of providing their clients with excellent legal services.

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