Miceli Law, P.A. Finds the Right Solutions for You and Your Family
A one-size-fits-all approach to bankruptcy does not work since no two financial situations are alike. The facts, circumstances, and objectives of your case will determine the strategy that your West Palm Beach bankruptcy lawyer will utilize.
At Miceli Law, P.A., we provide comprehensive legal solutions to individuals and spouses who want to protect their rights and assets while emerging from bankruptcy with a fresh start.
In general, bankruptcy does hurt your credit for a few years. However, you will exit with the reassurance in knowing you acted with prudence.
Chapter 7 Bankruptcy
A Chapter 7 bankruptcy may liquidate your non-exemptible assets while discharging most of your unsecured debts. Courts divide liquidation proceedings among creditors. It is a popular option since it requires no repayment plan.
However, qualifying is a challenge for some individuals. If you earn at or below the average median income level in Florida based on household size, you automatically meet the income requirements for a Chapter 7 bankruptcy.
Families, who have incomes above mandated thresholds, do not count yourself out yet. Courts allow you to participate in means testing, which allow you list some expenses which may allow you to qualify. If you pass means testing requirements, your Chpater 7 filing will not be considered an abuse and may proceed.
Your West Palm Beach bankruptcy lawyer at Miceli Law, P.A. will thoroughly consider your entire financial situation to determine if you qualify.
Chapter 13 Bankruptcy
A Chapter 13 debt reorganization is available to those who do not qualify for a Chapter 7 or are trying to save their home or car. Rather than asset liquidation, the bankruptcy court may confirm your Chapter 13 plan which requires monthly payments for a three-to-five-year period.
Once you complete this payment plan, you no longer owe any money on your listed general unsecured debts, even if balances remain as thses debts will be discharged. However, this process generally involves careful planning and timing since inadequate insight into these areas may result in mistakes.
Do not take risky chances with your financial future. Discuss your legal opportunities and risks with a West Palm Beach bankruptcy attorney and execute a strategy that seeks to achieve an outcome that meets your financial objectives.
Non-Dischargeable Debt Solutions
You cannot discharge student loan debt through personal bankruptcy. However, there are other options available if your balances are severely straining your finances. Miceli Law, P.A. will help you determine if you qualify for other options, including income base repayment program, consolidation, or litigation.
Discover How a West Palm Beach Bankruptcy Lawyer Will Help
Learn more about your legal rights and opportunities by discussing your case with Miceli Law, P.A. Call us to request a Free Consultation at (305) 515-5928. You are also welcome to send a callback request here.
Get a Fresh Start with Miceli Law, P.A.
Once you decide to file for bankruptcy, hiring a West Palm Beach bankruptcy lawyer will protect your rights from the beginning and help you plan for the future. Our firm will help you file paperwork promptly and represent you at creditor meetings. You do not have to face the Southern Florida bankruptcy court or your creditors alone.
Find out more about how you can get started on moving toward financial freedom. Call Miceli Law, P.A. for your Free, No-Obligation Consultation at (305) 515-5928.
Prefer to message us? Send us a confidential note about your case here, and we will return your request within 24 business hours.