Many clients come to our office, for a free consultation, and already have in their mind that they want to file for a Chapter 7 rather than a Chapter 13 bankruptcy. Realistically, how would you know without a thorough understanding of all bankruptcy laws, rules and local practices? The answer is, you really don't always know what's best in your specific circumstances. Many things need to be considered. The following is a very non-exhaustive list of the factors utilized by
A bankruptcy can be a very powerful tool in dealing with your creditors: - A foreclosure sale may be stopped temporarily or permanently. - A mortgage may be modified, in its duration, in its interest rate and/or its principal balance. If you are behind on your mortgage payment bankruptcy may help you modify the terms of your loan or give you up to five years to catch up on your mortgage arrerage. - A second mortgage may even be eliminated all together or reduced to its secure
Help!, I've fallen and can't get up. We all remember this line from an old t.v. commercial where an elderly person has physically fallen, is unable to get off the ground by herself, and unable to reach the telephone to call for help. This is not about a physical fall, but finding yourself hopelessly in debt is no picnic either. If you cannot afford to pay your debts, it is very likely a Bankruptcy can help you. Please call our office, Freire & Gonzalez, P.A., (305) 826-1
In an unpresedented move, President Obama signed an Executive Order forgiving all credit card debt, medical bills and deficiencies owed to all who can establish that they are insolvent. The test for insolvency will vary from State to State but could help thousands of people get a head start on life by allowing them to get their finances in order. The Republican lead Congress quickly voiced their opposition to what they claim can only be accomplished by an Act of Congress.
If you're overburdened by debt, and who isn't, Bankruptcy may very well be your ticket to financial success. Colonel Sanders, of Kentucky Fried Chicken fame, filed bankruptcy three (3) times before he finally succeeded. Bankruptcy gives people the opportunity to follow their dreams by removing old debt and allowing them to spend their money on things that will improve their lives and society in general. Our office, Freire and Gonzalez, P.A., wants to help you. Call us for
Debt consolidation involves reorganzing all of your individual debt payments into one "manageable" payment. However, throughout my many years of experience as a bankruptcy attorney I have encountered several problems with debt consolidation. 1. Continued Contact from Creditors Proponents of debt consolidation often mention privacy as one of the biggest draws to entering into a debt consolidation. However, the price for privacy may be high. Depending on the type of debt con