Bankruptcy Attorney In Jacksonville 

Sometimes bankruptcy is seen as the “easy way out”. But sometimes, it is the only option. Bruner Wright is a professional who has worked with families and individuals in similar situations for many years. Bruner Wright P.A. is the Bankruptcy Attorney In Jacksonville that will assess your financial situation and help you decide whether bankruptcy is right for you. We will also help you to understand the pros and cons of filing bankruptcy so you can make informed decisions. You will be treated with compassion and understanding by us that you won’t find at other firms. We understand that filing for bankruptcy in Jacksonville can be difficult. We offer compassion and care to help our clients navigate this difficult situation. For a complimentary consultation, contact our office.

What Is Bankruptcy?

Bankruptcy can be a powerful tool to help you rebuild your finances, and get a new start. There are two types of consumer bankruptcy.

  • Chapter 7 bankruptcy, Jacksonville, FL: also known as “fresh start” bankruptcy. This chapter allows individuals to eliminate the majority of their debts and start rebuilding their credit with a clean slate.
  • Chapter 13 bankruptcy Jacksonville, FL: This is a way to consolidate your debts and pay all creditors in one monthly payment. You will be able to get a discharge of any remaining debts at the end of your repayment period.

Each type of bankruptcy has its own eligibility requirements and unique advantages. Bruner Wright P.A. is a bankruptcy lawyer in Jacksonville FL  that will help you assess your options and decide which bankruptcy chapter is best for your situation.

No matter what chapter of the Bankruptcy Code your bankruptcy filing is, it will result in a stay. This is a significant relief for many of our clients and a great benefit. Simply put, creditors and collection agencies must stop calling, writing, and taking legal action, including foreclosure, after you file bankruptcy.

Why Should I File For Chapter 7 Bankruptcy?

Chapter 7 bankruptcy can be a fast way to eliminate a lot of your unsecured debt. Chapter 7 isn’t for everyone. Chapter 7 is not for everyone. You may also be in excess of the income guidelines. An experienced Bankruptcy Attorney In Jacksonville can assist you with this process.

Understanding The Process

You must prove that you are unable to repay your debts in Chapter 7. The Bankruptcy Code requires that you evaluate your household income annually and compare it with Florida’s median income for a similar-sized family. This is called the means test for Chapter 7 Bankruptcy. The means test is complicated and can be affected by many factors. Before filing Chapter 7, it is a good idea to speak with a Bankruptcy Attorney In Jacksonville.

The Role Of The Trustee

After you have determined your eligibility and filed the necessary paperwork, your Chapter 7 bankruptcy case can begin. Your case will be overseen by a bankruptcy trustee appointed by the court. The trustee’s role is to examine the case and verify that the bankruptcy forms submitted to the court are correct.

Bankruptcy Exemptions

Federal and state laws govern which property creditors can take and which property they are allowed to protect. Exempt property is the term used to describe the protected property. This complicated decision should only be made by a qualified Bankruptcy Attorney In Jacksonville who specializes in bankruptcy.

Why Should I File Chapter 13 Bankruptcy?

Chapter 13 bankruptcy in Florida is also known as “reorganization bankruptcy” and does not require the liquidation or disposition of your assets and/or property. To be eligible for Chapter 13, you don’t have to pass a means check. To qualify for Chapter 13, you will need to prove that your debts fall below certain thresholds and that you are able to continue making payments under a Chapter 13 repayment program.

After filing for bankruptcy, you will agree to a repayment plan. The trustee will distribute monthly payments to creditors over a period of three to five years. After you have completed your Chapter 13 payments, most of your remaining debt will be forgiven.

A reorganization bankruptcy is slower than Chapter 7. It requires that you are able to pay the agreed-upon payment schedule. Your creditors could terminate your automatic stay if you fail to pay your Chapter 13 payments plan. The court could also dismiss your bankruptcy case. Contact Bruner Wright P.A. in Jacksonville FL if you are unsure if Chapter 13 is right.

Is It Possible To Eliminate All My Debts During Bankruptcy?

Bankruptcy cannot pay all your debts. Although the rules may vary depending on which bankruptcy chapter you are using, most debts cannot be eliminated.

  • Alimony and court-ordered child support are not paid.
  • Penalties, fines, and restitution in a criminal case
  • Certain tax debt
  • Judgments in wrongful death case for drunk driving

Other debts can be difficult to pay off unless you are able to show undue hardship, or you qualify for an exception. Student loans are one example of these difficult-to-repay debts.

Bruner Wright P.A. prides itself on its compassion, practical advice, and sophisticated debt relief strategies. Contact us today if you are struggling with overwhelming debt. Consultations are free, confidential, and without risk. We can help you understand the bankruptcy options and how to get started on financial stability.

Contact Bruner Wright P.A.

Bruner Wright P.A. is a top-rated experienced law firm servicing the Florida Panhandle and the South Georgia area. Our practice has been very successful in helping people discharge their debts and handle both bankruptcy and foreclosure. We offer a personal service that is comprehensive and thorough in all aspects of our industry. We are responsive to the needs of our clients.

Our Service Areas

Contact us today to schedule a consultation to speak to a bankruptcy attorney about bankruptcy and foreclosure. A member of our team will review your case to help you make the right choice. We are focused on personal chapter 7 bankruptcy, chapter 13 bankruptcy foreclosure, and business bankruptcy chapter 11. We want you to achieve financial stability.