As a Board-Certified Bankruptcy Specialist, Attorney Golden knows the laws, procedures, and systems involved with the bankruptcy process. Because of his specialized training, Attorney Golden has earned the right to call himself a qualified legal expert in bankruptcy and other debt relief matters.
The Golden Law Group prides itself on providing the following:
“We are so thankful for your help during a very stressful situation 3 years ago! You took 10,000 pounds off our backs and we are so thankful.” – Margaret, Former Client
Bankruptcy is a legal process that involves the United States federal court system and appointed judges and trustees. Just like any other lawsuit, you will need to petition in court, and the authorities will review your petition for bankruptcy and decide whether or not your case has merit to proceed. Because of the intense, legal nature of a bankruptcy case, it is important that you hire a skilled bankruptcy lawyer in Brandon to represent your case.
If you have questions, The Golden Law Group has answers. Learn more about the bankruptcy process by reading through the questions and answers provided below!
Do I need to owe a certain amount of debt in order to file for bankruptcy?
Absolutely not. Though there is no minimum or maximum amount of debt needed to file for bankruptcy, it is important to remember that bankruptcy is not right for every situation. If you owe a small amount of money or have enough financial means to repay your debts, bankruptcy and debt relief alternatives may be something to consider.
Will all of my debts be discharged after bankruptcy?
Though bankruptcy is an incredibly effective way to shed your debt, it will not discharge certain types of debt. This may include certain tax debts, student loan debts (except in rare circumstances), child support or spousal support debts, or other debts accrued due to a legal judgment (such as an arrest or DUI).
Can I keep property after filing for bankruptcy?
Yes! Many people are under the misconception that bankruptcy will result in total loss. This is not the case. Due to property exemption laws, you can petition the court for certain property exemptions, meaning you can keep certain kinds of property included in the exemption laws even after filing for bankruptcy.
Is there life after bankruptcy?
Absolutely! Perhaps one of the greatest myths about bankruptcy refers to the fact that bankruptcy will ruin a credit score for a lifetime. Though it is true that bankruptcies can remain on a credit score for 7-10 years, it is important to note that you can take steps to repair your credit. Soon, you will be eligible to receive loans, credit cards, or even buy your own home or car.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy involves the liquidation of all assets. In a Chapter 7 bankruptcy case, people can often discharge most of their debts, and they will be protected from legal action by creditors through automatic stay. Unfortunately, not all applicants qualify for Chapter 7 bankruptcy. Petitioners must be in a lower income bracket in order to file, and eligibility is determined through a means test. Talk with a lawyer at The Golden Law Group to learn if you qualify.
Chapter 13 Bankruptcy
People who don't qualify for Chapter 7 bankruptcy may be able to file under Chapter 13. Chapter 7 bankruptcy allows the petitioner to consolidate all debts into a monthly payment plan that is approved and supervised by the court. Normally, this repayment plan lasts 3 to 5 years. It is possible to discharge some debt in a Chapter 13 bankruptcy case, and filers still receive automatic stay as a privilege of the bankruptcy process.
Get the Fresh Start You Need!
If you would like to determine if bankruptcy is right for you, do not wait
another moment to contact The Golden Law Group. The firm's Brandon
bankruptcy lawyer can guide you through every step of the process to ensure
your complete protection.
Contact Us Now
The bankruptcy process involves many steps. Thankfully, with a lawyer to guide you, the bankruptcy process can become much simpler than you may think. Every client who works with The Golden Law Group receives efficient, effective, and personalized representation. Because The Golden Law Group is run by a board-certified bankruptcy law attorney, you can trust that you are getting representation from an expert.
A typical bankruptcy case will involve the following steps:
After your debts have been discharged, The Golden Law Group will conduct a free credit report follow-up review to ensure your credit profile is accurate and that your debts are gone for good. Call the firm right away to get started with a free consultation and to get more information about the bankruptcy process and how to file for bankruptcy!