Bankruptcy Attorney Serving Pine Hills Florida
The town of Pine Hills, Florida is located in Orange County, Florida. The population of the town was estimated to be around 45,000 in 2016. The town has a rich history dating back to the early 1800s, and today is a popular destination for tourists and residents alike. Despite the popularity of Pine Hills, it is not without families facing financial stress.
Filing A Bankruptcy In Pine Hills Florida
If you are a resident of Pine Hills, Florida and are facing financial difficulties, you may be considering filing for bankruptcy. Bankruptcy is a legal process that allows individuals or businesses to reorganize their debt and repay creditors over time.
Popular Bankruptcy Types
There are two types of bankruptcy that individuals can file: Chapter 7 and Chapter 13.
- Chapter 7 bankruptcy is also known as liquidation bankruptcy. This type of bankruptcy allows the debtor to discharge all unsecured debts, such as credit card debt and medical bills. In order to qualify for Chapter 7 bankruptcy, the debtor must pass a means test.
- Chapter 13 bankruptcy is also known as a reorganization bankruptcy. This type of bankruptcy allows the debtor to keep their property, but they must repay their debts over a period of three to five years. Chapter 13 bankruptcy is available to individuals who do not qualify for Chapter 7 bankruptcy.
Caplan Bankruptcy Can Help You
When considering whether or not to file for bankruptcy, it is important to speak with an experienced bankruptcy attorney. A bankruptcy attorney can help you understand the benefits and drawbacks of each type of bankruptcy and can assist you in filing for bankruptcy.
If you are considering filing for bankruptcy, Caplan Bankruptcy can help. We have experience helping individuals and businesses in Pine Hills file for Chapter 7 and Chapter 13 bankruptcy. Contact us today for a free consultation.