BANKRUPTCY

Finding the Right Bankruptcy Solution for You

Individuals, families and businesses throughout Florida have faced immense economic challenges in recent years. At Mark & Brown, P.A., we help our clients identify their options for rebuilding their finances. This often includes filing for bankruptcy in order to resolve debts and move forward with a clean slate.

 

Is bankruptcy right for you? Call (407) 932-3933 for a free consultation. We will take the time to get to know you and walk you through your options.

 

Helping You Now & for the Rest of Your Life

It is our goal to not only resolve the current issues our clients face, but make sure they have the tools necessary to manage their finances after bankruptcy. During the process itself, we will make sure you understand all your rights and obligations at every stage, so you can make informed decisions about how to proceed.

Learn more about specific areas of our bankruptcy practice:

Auto Repossession

FACING AUTO REPOSSESSION?

Turn to a Proven Orlando Bankruptcy Lawyer

When you file for bankruptcy, an injunction known as the automatic stay will prevent the finance company from repossessing your car in the immediate future. You will still need to get caught up on your payments if you want to keep the car; however, filing for bankruptcy may give you time to solve your debt problems and work out a possible arrangement.

Filing bankruptcy can help solve auto debt problems in various ways:

  • It may give you time to deal with your debt problem while protecting your assets.
  • Our lawyers may determine that you would benefit from seeking redemption of the vehicle. We have lenders available who specialize in 722 redemption.
  • You may wish to surrender the vehicle and obtain a replacement vehicle.
  • By eliminating other types of debt such as credit card bills, you may be in a better financial position to proceed with making timely loan payments.

If your car has already been repossessed, filing for bankruptcy will discharge any unpaid debt remaining (known as a deficiency) on your car loan if the finance company sells it for less than you owe. For this reason, you should waste no time in discussing your options with the bankruptcy lawyers at Mark & Brown, P.A.

We’ll Review Your Case for Free: (407) 932-3933

When you reach out to our bankruptcy attorneys in Orlando, we will review your situation to determine if bankruptcy may provide you a way to keep your car or get it back after repossession. Contact our office today for a free initial consultation.

Bankruptcy & Taxes

CAN I DISCHARGE TAX DEBT?

Tell Us About Your Case: (407) 932-3933

Many people are not aware that certain types of tax debts can be discharged in bankruptcy. If you owe a significant amount of money to the IRS, now is a time when you could benefit by discussing your situation with a lawyer. At Mark & Brown, P.A., our Orlando bankruptcy attorneys offer a free consultation to discuss bankruptcy as a solution to tax debts. Call (407) 705-3596 to talk to a lawyer at our firm.

Discharging Tax Debt in Chapter 7

In most cases, filing for Chapter 7 bankruptcy would allow you to discharge federal income tax debt as long as you meet the following requirements:

  • You filed the return at least two years prior to the bankruptcy
  • The tax was not assessed within 240 days prior to the bankruptcy
  • You did not commit fraud or willful tax evasion

Other types of tax debt, such as property taxes, cannot be discharged. Filing for bankruptcy will also not remove a tax lien from property.

Discharging Tax Debt in Chapter 13

The same income tax debts that are dischargeable in a Chapter 7 bankruptcy can be placed in your Chapter 13 payment plan along with other unsecured debts like credit card bills. Other types of tax debts that are not dischargeable in Chapter 7 can be included in your Chapter 13 payment plan. While you have to pay the full amount owed, you can avoid penalties and interest when paid through Chapter 13.

Learn More in a Free Initial Consultation

Do you still have questions? Our bankruptcy lawyers in Orlando will review your situation to determine which form of bankruptcy protection can provide effective relief for tax debts that you owe. Contact us today for a free initial consultation.

Chapter 7

CHAPTER 7 BANKRUPTCY ATTORNEY IN ORLANDO

Offering Debt Relief Services Since 1971

Chapter 7 bankruptcy, often referred to as “liquidation bankruptcy,” is one of the most common forms of bankruptcy in Florida. In as little as three to five months, debtors have the chance to move on from their bankruptcy with a clean slate, free from the burden of overwhelming debt. If you have considered Chapter 7 bankruptcy as a debt relief option, please contact Mark & Brown, P.A. for a free initial consultation.


Is Chapter 7 right for you? Find out by setting up a free consultation with the Orlando bankruptcy lawyers at our firm. Call (407) 932-3933.


What are the Benefits of Chapter 7 Bankruptcy?

Typically, a simple Chapter 7 bankruptcy will last anywhere from three and five months, resulting in most, if not all, of your unsecured debt being discharged.

Just a few of the benefits of filing under Chapter 7 include:

  • You can move on from your bankruptcy with a “fresh start”
  • Your debts will be discharged in just a few short months
  • The automatic stay will protect you from debt collectors
  • There is no limit to the amount of debt you can have

Timeline for Chapter 7 Bankruptcy

Here are the timelines for Chapter 7:

  • Before filing bankruptcy: You must complete a credit counseling course within 180 days before filing your Chapter 7 bankruptcy petition.
  • Filling bankruptcy: Once you file, the automatic stay will go into effect. The court will assign an impartial trustee to oversee and examine your case.
  • Creditors meeting: About 30 to 40 days after you file, you will have a creditors meeting (known as a 341 meeting). This meeting is usually brief. Creditors will have until 60 days after the meeting to object to discharge of your debts.
  • Reaffirming debts: After your 341 meeting, you will have 45 days to reaffirm debts on assets you wish to keep (such as a car you are making payments on).
  • Second credit counseling course: You need to complete your second credit counseling course within 45 days after your 341 meeting.
  • Discharge of debts: If the federal bankruptcy approves your file, your debts will be discharged about three to four months after your creditor’s meeting.

You should refrain from incurring new debts while your bankruptcy is in process — and at least 90 days before filing — as the court may not discharge those debts.

Qualifying for Chapter 7 Bankruptcy

Since Chapter 7 bankruptcy allows for an immediate discharge of debt, most debtors are required to pass a means test before they can file. The means test will compare your average monthly income to the median income level for a household of the same size in Florida. If it is less than the median income level, you would qualify.

However, even if your monthly income exceeds the median income level for a household of the same size, you may still qualify. Next, the test would determine whether or not you have enough “disposable income” to repay your creditors—which is any left-over income that is not contributed to certain monthly expenses.


To learn more about the Chapter 7 means test, please click here.


Are You Ready for a Fresh Start? Call Today.

If you are ready to move on from your debt once and for all, reach out to the Orlando bankruptcy lawyers at Mark & Brown, P.A. for a free and confidential consultation. Our firm has been assisting debtors throughout Central Florida since 1971.

- Means Test

WHAT IS THE MEANS TEST?

Determining Eligibility for Chapter 7

Many people mistakenly think that they would not qualify for Chapter 7 bankruptcy. Before you give up, it’s important to talk to a trusted bankruptcy lawyer. There is more to qualifying for bankruptcy than plugging some numbers into a calculator.

Mark & Brown, P.A. has successfully filed Chapter 7 bankruptcy for hundreds of people who thought they were not eligible based on their income. For a free consultation to discuss your case, please call our office at (407) 932-3933.

Chapter 7 Bankruptcy & the Means Test

You have probably heard that, in order to file Chapter 7 bankruptcy, you must pass a means test. In reality, the means test may not even apply to you. The first step in determining whether or not you are eligible is to compare your average monthly income over the past six months to the median income for a family of your size.

If your average monthly income is equal to or less than the median income in Florida, you are eligible—assuming that you haven’t filed for Chapter 7 bankruptcy in the past eight years and you haven’t defrauded your creditors. If your average income is higher than the median Florida income, then you must pass the means test.

Disposable income is what you take home after paying certain monthly expenses. Not everyone has to pass the means test. For example, you may qualify for Chapter 7 if:

  • Your debts are primarily business debts
  • You are a disabled veteran
  • You are a military reservist or national guard member

Call Us for More Information: (407) 932-3933

Even if you are not eligible for Chapter 7 bankruptcy, you may still be able to get debt relief by filing for Chapter 13 bankruptcy. During your free initial consultation, our Orlando bankruptcy lawyers will review your situation to determine if you are eligible for bankruptcy. Contact us today for a free initial consultation.

Chapter 13

ORLANDO, FL CHAPTER 13 BANKRUPTCY LAWYERS

Understanding the “Wage Earner’s Plan”

If you are looking for a debt relief solution that would allow you to maintain possession of certain secured assets, like your home, Chapter 13 bankruptcy may be right for you. Mark & Brown, P.A. has been assisting debtors throughout Florida for 40+ years, so we encourage you to discuss your options with our firm today.


We represent individuals, families and businesses in Orlando, Kissimmee and all surrounding areas. Call now to set up your free bankruptcy consultation.


How Does Chapter 13 Bankruptcy Work?

In a Chapter 13 bankruptcy, you would be asked to restructure your debts and devise a payment plan that could be executed over three to five years. For this reason, you should only file for Chapter 13 bankruptcy if you have a sustainable income.

In many cases, Chapter 13 bankruptcy will allow you to:

  • Pay what you can afford over three to five years
  • Discharge remaining debts that are not paid in full
  • Save your house from an impending foreclosure
  • Remove a second or third mortgage on your home or delinquent HOA dues
  • Put an end to harassing phone calls from creditors

Fighting Foreclosure Through Chapter 13

If you are in danger of losing your home to foreclosure, Chapter 13 bankruptcy may be a viable solution. Depending on the specifics of your case, you may be able to prevent foreclosure by restructuring your debts and sticking to a manageable payment plan. Another common tool used in Chapter 13 is a loan modification.

Chapter 13 Bankruptcy Timeline

  • Before you file: You must complete a credit counseling course from an approved agency within 180 days before filing Chapter 13 bankruptcy.
  • Filing bankruptcy: Once our lawyers file your bankruptcy petition, the automatic stay goes into effect. This will stop any pending repossessions, foreclosure, garnishments, harassing phone calls, and other attempts by creditors to collect debts.
  • Your payment plan: In most situations, you will submit your payment plan to the bankruptcy court at the same time you file. This plan will specify how much you can pay creditors each month and how those payments will be distributed. Your first payment is due 30 days after filing.
  • Creditors meeting: About 30 to 40 days after you file for Chapter 13 bankruptcy, you will have a creditors meeting (known as a 341 meeting). Creditors will have until 60 days after the meeting to object to your debt payment plan.
  • Confirmation hearing: A confirmation hearing will be scheduled about 4-6 months after case is filed seeking the approval of your plan after the claims bar date has expired. If you are current on your payments, you should not need to attend this hearing.
  • Second credit counseling course: After your case is filed, you are required complete your second credit counseling course.
  • Discharge of debts: Once you complete your payment plan, you will receive a discharge of debts that are dischargeable (such as credit card bills and medical debts).

Get Started with a Free Case Evaluation

If you are interested in improving your financial situation through bankruptcy, you can rely on our bankruptcy attorneys in Orlando to show you the way. Our team is backed by 40+ years of experience, so you can trust that your future will be in capable hands. Get started today by taking advantage of a free initial consultation.

Chapter 7 vs Chapter 13

CHAPTER 7 VS. CHAPTER 13

Which Chapter is Right for You?

Depending on your circumstances, you may have the choice of filing for Chapter 7 or Chapter 13 bankruptcy. Which chapter is right for you will depend on a number of factors, including your income, household size, the value of your assets, and your liabilities. At Mark & Brown, P.A., our attorneys offer a free initial consultation to discuss your financial situation and explain your bankruptcy options.

We handle bankruptcy filings for clients in Orlando, Kissimmee and surrounding Florida communities.Call (407) 932-3933 to talk to a lawyer at our firm.

Differences Between Chapter 7 & Chapter 13

Here are some of the key differences between Chapter 7 and Chapter 13 bankruptcy:

Chapter 7 Chapter 13
Who is eligible To be eligible to file Chapter 7, you need to pass a means test. You’re eligible as long as you have regular income and your debts do not exceed the debt limits.
How it works Chapter 7 can discharge a majority of your debts. There are exceptions, which should be discussed with an attorney. Chapter 13 is a plan of reorganization that allows you to utilize your income to create a repayment plan to repay some or all of your debt. Each case is different and should be discussed with an attorney.
How long it takes As long as there are no hiccups, a discharge can be entered by the Court in as little as three to five months after the conclusion of the Meeting of Creditors. Your payment plan may run from three to five years.
Protection of assets Bankruptcy exemptions protect your homestead residence, retirement accounts and other assets up to a certain value from the reach/execution and/or levy by your creditors. All of your assets are protected as long as you continue to make payments.

Depending on your situation, Chapter 7 or Chapter 13 bankruptcy may offer specific advantages. For example, if you have assets that you would lose in a Chapter 7 bankruptcy filing, you can protect those assets by filing Chapter 13 bankruptcy. If you have a second mortgage on your home that is underwater, you may be able to strip the lien from the second mortgage and treat it as an unsecured debt.

Learn More About Your Bankruptcy Options

Our bankruptcy lawyers in Orlando will review your income, your assets and your debts to determine which form of bankruptcy is right for you. Contact the team at Mark & Brown, P.A. today to schedule your free, no-risk consultation.

Credit Card & Medical Debt

CREDIT CARD & MEDICAL DEBT

Looking for Relief? Mark & Brown, P.A. Can Help.

By far, credit card debt and medical debt are the two primary drivers of bankruptcy filings in Florida. If your life feels like an endless cycle of minimum payments, wage garnishment and creditor harassment, you owe it to yourself and your family to find a better way. The first step is speaking to a bankruptcy attorney about your options.

At Mark & Brown, P.A., we are skilled at crafting solutions for resolving credit card and medical debt for people in Orlando and Kissimmee, FL. Our goal is to guide you through the bankruptcy process while also making sure you have the tools you need to rebuild and maintain your credit after your debts have been discharged.


Contact us today at (407) 932-3933 to set up a free, no-risk consultation.


Discharging Your Unsecured Debts

Credit card debt and medical bills are both forms of unsecured debt, which means that there is no asset to be repossessed if you fall behind on payments. A mortgage loan, on the other hand, is a secured debt because you can lose your home. Bankruptcy is the most effective way to eliminate unsecured debts.

Depending on your income levels and other factors such as a pending foreclosure,Chapter 7 bankruptcy or Chapter 13 bankruptcy could be the best choice. Either form of bankruptcy will result in your remaining unsecured debts being discharged, leaving you with the chance to move forward with a fresh financial start.

Learn More About Your Debt Relief Options

The credit card and hospital bills do not have to follow you forever. There is a better way. Contact our bankruptcy lawyers for credit card and medical debt relief today. We have been serving clients throughout Central Florida since 1971, so you can trust that your case will be in capable hands. Call Mark & Brown, P.A. to get started.

Creditor Harassment

DO YOU NEED HELP FIGHTING CREDITOR HARASSMENT?

Call Mark & Brown, P.A. for a Free Consultation

If debt collectors are harassing you, there may be a way to stop the calls and regain your peace of mind. Contact the team at Mark & Brown, P.A. to discuss your legal options. Our bankruptcy attorneys work with clients throughout Orlando, Kissimmee, and the surrounding areas of Florida and we offer free, no-risk consultations!

Can I Stop Creditor Harassment?

Certain types of creditor harassment are illegal under a law known as the Fair Debt Collection Practices Act. Examples of illegal harassment include:

  • Calling you before 8:00 a.m. or after 9:00 p.m.
  • Calling you repeatedly or continuously
  • Calling you at work after being told to stop
  • Misrepresenting the amount of a debt
  • Misrepresenting/failing to provide identity
  • Pretending to be a lawyer or police officer
  • Publishing your name or address on a bad debt list
  • Demanding an amount that exceeds what you lawfully owe
  • Threatening to arrest or take legal action against you
  • Using abusive or profane language
  • Discussing your debt with your neighbors or other third parties
  • Contacting you in a way that is intended to embarrass you
  • Reporting false information on your credit score

If a creditor violates the Fair Debt Collection Practices Act, you can seek damages of up to $1,000, plus reasonable attorney fees. Call us to learn more about your options.

How Can I Stop All Calls from Creditors?

Filing for bankruptcy will stop all creditor harassment. Once you file for bankruptcy, an injunction known as the automatic stay puts an immediate stop to all attempts by a creditor to collect on a debt that you owe. This means that creditors cannot call you, send you threatening letters, repossess your car or garnish your wages.

In addition to stopping the telephone calls, filing bankruptcy may allow you to either eliminate or reduce the underlying debt. Certain types of debt such as credit card and hospital bills can be 100% discharged when you file Chapter 7 bankruptcy. The same debts can be reduced to what you can afford to pay when you file Chapter 13.

Set Up a Free Consult: (407) 705-3596

Our bankruptcy lawyers in Orlando offer a free consultation to discuss how you can put an end to creditor harassment. Contact us for a free initial consultation.

.

Debt Relief

LOOKING FOR DEBT RELIEF?

Let our Lawyers Explore Your Options

At Mark & Brown, P.A. we help our clients lift the burden that comes with a financial crisis. This situation doesn’t have to be permanent – begin your journey to financial rehabilitation today by discussing your options with the Orlando debt relief lawyers at our firm. We are ready to put four decades of experience to work for you.


Your initial consultation is 100% cost-free and confidential.


We Can Help You Overcome Your Debt

Whether you are overburdened with debt or you simply want to put an end to creditor harassment, you should know that help is just a phone call away. Mark & Brown, P.A. can help you find relief from any of the following issues:

  • Credit card debt
  • Wage garnishment
  • Auto repossession
  • Creditor harassment
  • Home foreclosure

Not Interested in Filing for Bankruptcy?

At our firm, we understand that some people are not interested in filing for bankruptcy and that, in some cases, a person’s situation simply does not call for it. After all, every case is different. This is why the attorneys at Mark & Brown, P.A. offer a wide range of debt relief services, including viable alternatives to bankruptcy.

Some of the most common alternatives to bankruptcy include:

  • Debt settlement
  • Creditor negotiation
  • Loan modifications
  • Short sales

Tell Us About Your Case: (407) 705-3596

Whether you are struggling with credit card debt, mortgage debt or student loans, we can help you explore all of the debt relief options available to you. Why wait another day to get the help you need? Our debt relief lawyers in Orlando and Kissimmee, FL are here to guide you through the entire process, from start to finish.

Ready to get started? Fill out a free case evaluation form online.

Divorce & Bankruptcy

DIVORCE & BANKRUPTCY

Tell Us About Your Case: (407) 705-3596

The financial stress of divorce leads many people to consider filing bankruptcy. If you are going through a divorce, now is the time when you could benefit by discussing your financial situation with a knowledgeable bankruptcy lawyer. At Mark & Brown, P.A., our attorneys offer a free consultation to discuss bankruptcy and divorce.


Call us today at (407) 705-3596 to learn more about your options.


Dividing Debts vs. Discharging Debts

Many couples end up with more debts to divide than assets. In this case, it may make more sense to discharge the debts through bankruptcy rather than divide them. For this reason, it may be beneficial to to file for bankruptcy prior to filing or finalizing a divorce. Many types of debts can be discharged by filing Chapter 7 bankruptcy, including:

  • Credit card bills
  • Unsecured loans
  • Medical bills
  • Gambling debts

Once you receive your discharge, you can divide any remaining debt and your assets. Filing bankruptcy will also protect you from repossessions or other creditor actions you may face during divorce.

Can I Discharge Debt After My Divorce?

Filing for bankruptcy after divorce is always an option. Unfortunately, certain types of debt are not dischargeable, including:

  • Child support payments
  • Child support arrearages
  • Alimony payments

Serving Orlando & Kissimmee for 40+ Years

The Orlando bankruptcy attorneys at Mark & Brown, P.A. will review your situation to determine whether it is to your advantage to file bankruptcy before or after your divorce. Contact our office today for a free bankruptcy consultation.

Foreclosure

FORECLOSURE DEFENSE

Serving Orlando & Kissimmee, FL Since 1971

Receiving a foreclosure notice is scary. “Can I save my house?” “Where is my family going to live?” These are troubling questions to have, but a knowledgeable attorney can help you find the peace of mind that comes with knowing your rights.

At Mark & Brown, P.A., we represent people in Orlando and surrounding areas who face the loss of their homes through foreclosure. We can explain your rights and devise a strategy tailored to your circumstances, allowing you to keep your home.


Call our office at (407) 705-3596 to schedule a free consultation.


Facing Foreclosure? Don’t Wait to Act!

There are a number of processes and important deadlines that must be met when defending against a foreclosure in Florida. We will work with you to make sure you are in the strongest position possible in order to save your home from foreclosure.

Once you have been served with a notice of foreclosure, you will only have 20 days to respond and plead all legal defenses. For this reason, it would be in your best interest to contact a foreclosure defense lawyer at Mark & Brown, P.A. immediately.

Stopping Foreclosure Through Chapter 13

Chapter 13 bankruptcy can provide you with various options to keep your home, including but not limited to loan modification under the guidance of the Bankruptcy Court. Our firm will make every effort to assist you in keeping your home.

Call Now for a Free Consult: (407) 705-3596

The time to act is now. Contact our Orlando foreclosure defense attorneys today for a free initial consultation. We will be your strongest advocate and trusted companion. We have been helping homeowners throughout Central Florida since 1971, which means that we can put more than four decades of experience to work for you.

Ready to get started? Fill out a free case evaluation form online.

Life after Bankruptcy

LIFE AFTER BANKRUPTCY

Allow an Orlando Bankruptcy Lawyer to Help You Find Your Fresh Start

Henry Ford, Walt Disney, Donald Trump, Stan Lee — these are just a few of the entrepreneurs who have proven that there is life after bankruptcy. In fact, without bankruptcy and the fresh start it offers, many successful individuals may never have received the second chance they needed. If you are looking for a fresh start, you should waste no time in contacting Mark & Brown, P.A. for a free consultation.


If you would like to discuss your financial options with an Orlando bankruptcy attorney at Mark & Brown, P.A., please call us for a free consultation.


How Do I Rebuild My Credit after Bankruptcy?

If your credit cards are maxed out and you have fallen behind on your bills, your credit score may already be about as low as it can go. While bankruptcy is not good for your credit, it can be the first step toward improving it. Once your unsecured debts have been discharged by bankruptcy, you will be free of most debt.

The next step is to rebuild your credit. You can do that by:

  • Paying all of your bills on time
  • Obtaining a new credit card (you may need a secured card)
  • Paying off your credit card balance each month
  • Avoiding predatory lending services

In most cases, you can expect a bankruptcy filing to remain on your credit history for up to 10 years. However, bankruptcy does not have the stigma it once had. Some creditors may even view you as an improved risk because you will be debt-free.

Call Mark & Brown, P.A. for More Information

Are you hesitant to file for bankruptcy because of the negative effects that it will have on your credit? Before you rule it out as an option, we encourage you to discuss the many benefits with our team. We have been assisting debtors throughout Central Florida since 1971, so you can trust that we will have your best interests in mind.

Call our office today at (407) 705-3596 for a free case evaluation.

Mortgage Modification

MORTGAGE MODIFICATION

Seeking a Loan Modification in Orlando, FL?

If your lender has said that they are unwilling or unable to modify your mortgage, you may receive a different answer if you file bankruptcy. A benefit of filing bankruptcy is that it gives you a great deal of leverage when seeking a mortgage modification.

Even if you have already been denied a mortgage modification, you may be able to obtain a loan modification when you file bankruptcy. Bankruptcy judges carry the full weight of federal law and monitor an implemented modification program.


Do you have questions? We have answers. Call the Orlando loan modification lawyers at Mark & Brown, P.A. for a free, no-obligation consultation.


How Mortgage Loans Can Be Modified

There are many different ways that a mortgage loan can be modified (note: every case is different, and you will need to speak with a bankruptcy attorney to determine if you might qualify for any of the following):

  • The interest rate can be reduced
  • The principal can be reduced to get in line with your income
  • Arrearages can be added to the back of the mortgage
  • Your loan can be re-amortized to spread payments over a longer period of time
  • You may be able to take advantage of various other loan repayment options

In bankruptcy, you can also reduce or eliminate many types of debts such as credit card and medical bills to make it easier to afford your mortgage payments. Whatever the case may be, our Orlando bankruptcy lawyers can help you explore all available options to secure your finances, including bankruptcy and various strategies for foreclosure defense.

We’ll Review Your Case for Free – Call Now

When you contact Mark & Brown, P.A., we will review your mortgage and your financial circumstances to determine if bankruptcy would be able to reduce debts and make your house payments affordable. Get started today by scheduling your free consultation. We serve clients in Orlando, Kissimmee and all surrounding areas.

Small Business Bankruptcy

ARE YOU STRUGGLING TO KEEP YOUR BUSINESS AFLOAT?

Bankruptcy for Small Businesses in Florida

When a small business fails, the owner can be left with a significant amount of debt. If you are dealing with business debt, now is the time when you could benefit from the advice of a bankruptcy lawyer. At Mark & Brown, P.A., our attorneys offer a free consultation to discuss bankruptcy options for small-business owners.


Call (407) 705-3596 to speak with an Orlando bankruptcy attorney.


Dealing with Business Debt

Small business owners generally have three bankruptcy options:

  • Chapter 11 bankruptcy: If you want to continue your business, filing Chapter 11 bankruptcy may give you the time you need to reorganize your operations.
  • Chapter 7 bankruptcy: When filing under Chapter 7, the trustee will take possession of the business assets and arrange for disposition thereof.
  • Walking away: Depending on the business, walking away may be an option. While the business will still have debts, you may not be personally liable.

Dealing With Personal Debt From a Business

If you own a business in Florida, you may be personally responsible for repaying certain debts accrued by the business. This would be the case if:

  • You set up your business as a sole proprietorship
  • You personally guaranteed certain debts
  • You owe tax debts such as sales tax and employment taxes

Many unsecured business debts can be discharged when you file for Chapter 7. If the business debts are not dischargeable (such as sales and employment taxes), you could pay them off over time without penalty in a personal Chapter 13 payment plan.

Serving Orlando & Kissimmee for 40+ Years

If you are struggling to keep your business afloat, we encourage you to discuss your options with a bankruptcy attorney in Orlando, FL. Mark & Brown, P.A. can review your situation to determine the best way to resolve business debts so that you can move on with a fresh start. Contact us today for a free initial consultation.

Wage Garnishment

STOP WAGE GARNISHMENT

Understanding Bankruptcy & Debt Collection

A garnishment can have a devastating effect on your finances and household. You may end up with less money than you need to pay your bills, leading to bounced checks, repossessions and increased debt. Filing for bankruptcy may provide relief from wage garnishment. We offer a free consultation to discuss bankruptcy as a solution to debt problems. Call us at (407) 705-3596 to speak with our team.

What Is a Wage Garnishment?

If you ignore an unpaid debt, a creditor can go to court and seek a judgment against you. Once the court enters a judgment in favor of a creditor, that creditor may proceed with collections. One common collection practice is garnishment.

A garnishment is a court order directing your employer to withhold and pay to the judgment creditor a portion of your earned wages. The most common type of garnishment is a wage garnishment, but creditors can also garnish (seize and/or freeze) your bank accounts or any assets that you own free and clear.

How Can I Stop a Garnishment?

Filing bankruptcy will put a stop to wage garnishment. Additionally:

  • You can gain immediate relief from harassing phone calls
  • In many cases, you can discharge or reduce the underlying debt
  • You can move forward with a fresh financial start

Call Mark & Brown, P.A. for the Help You Need

If your wages are being garnished, you have little time to waste. Call the Orlando bankruptcy lawyers at Mark & Brown, P.A. to find out what we can do to put an end to the garnishment. We have been assisting clients throughout Central Florida for more than 40 years, so you can trust that our firm is well-equipped to help you.

Get started today with a free and confidential case evaluation.

What Can Bankruptcy Do for You?

First of all, bankruptcy puts an end to creditor harassment, credit card bills, medical bills, threats of wage garnishment and other aggressive collections practices. Personal circumstances vary, but for most people and businesses, bankruptcy can provide a fresh start. Once a bankruptcy is finalized, most debts are discharged.

However, bankruptcy has its limits and cannot remove all debts, including debts incurred due to alimony, child support, most recent back taxes, most student loans, fraudulent debts, cash advances, government fines and penalties. For this reason, it would be wise to discuss your options with an Orlando bankruptcy lawyer.

How Mark & Brown, P.A. Can Assist You

The bankruptcy attorneys at Mark & Brown, P.A. have been serving clients throughout Central Florida since 1971. Using a “client-first” approach, we have helped countless debtors move forward with a fresh start. Now, our firm is ready to assist you.

When you work with Mark & Brown, P.A., you can benefit from:

  • Our decades of experience in bankruptcy law
  • Our free, no-obligation case consultations
  • Our wide range of debt-relief services
  • Our commitment to 100% client satisfaction

Serving Orlando & Kissimmee Since 1971

Our bankruptcy lawyers in Orlando, FL are ready to help you put an end to the nightmare of creditor harassment, wage garnishment and repossession. Contact Mark & Brown, P.A. today for a free bankruptcy consultation. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.