Kissimmee Bankruptcy Law Firm
Finding the Right Bankruptcy Solution for You
A consumer may seek bankruptcy under either Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. In a Chapter 7 bankruptcy, your assets are liquidated and your debts are wiped out, giving you a fresh start. In a Chapter 13 bankruptcy, a repayment plan is established and your debts are paid off over a period of time.
Brian M. Mark counsels clients on which type of bankruptcy is right for them. If you need help filing bankruptcy in Kissimmee contact him today.
Bankruptcy in Kissimmee
Be aware that bankruptcy does not get rid of all debts. A debtor in bankruptcy still is responsible for these debts:
- Alimony
- Child support
- Most recent back taxes
- Most student loans
- Recent large purchases of more than $500 for luxury goods that were purchased within 90 days of filing for bankruptcy
- Fines or penalties of government agencies
- Fraudulent debts
- Cash advances of $825 within 70 days of filing for bankruptcy
Also, be aware that the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 limits individual access to the bankruptcy courts. Among other things, the Act sets forth a means test to determine whether a debtor is eligible to file under Chapter 7.
The Act also requires that a debtor obtain approved credit counseling before filing for bankruptcy and file any overdue tax returns within weeks of filing under Chapter 7.
Brian M. Mark guides his clients through all of bankruptcy’s pitfalls and loopholes. He also has experience with chapter 11 business bankruptcy in Kissimmee. Contact us for a free consultation if you are trying to decide whether bankruptcy is the right choice for you.
Call 1 407 705-3566 or email us to get bankruptcy help in Kissimmee.
