Florida Business Bankruptcy
With over 30 years of experience and a 98% success rate, our lawyers have helped thousands of Florida residents and eliminated millions of dollars. If you want to get out of debt fast, contact us now!
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Bruner Wright, P.A., is a bankruptcy and business law firm that puts its customers first. We focus on providing legal representation to businesses and individuals in bankruptcy and business litigation matters. We are also experienced in estate planning and probate matters. Our firm has extensive experience in these practice areas which results in our clients feeling a much needed sense of calmness during turbulent times.
If you’re a Florida-based business facing financial difficulties, you may be considering bankruptcy as an option. Depending on your specific situation, you may choose to file for Chapter 7, Chapter 13, or Chapter 11 bankruptcy. However, it’s essential to approach this decision with caution and seek the guidance of a competent Florida Business Bankruptcy Attorney to help you navigate the process.
Filing for bankruptcy can be particularly challenging for S Corporations or Limited Liability Corporations (LLCs). With the right legal representation, you can receive expert advice on the best course of action for your business. Upon filing for bankruptcy, an “Automatic Stay” is issued, which prevents creditors from collecting any debts, including foreclosure or repossession.
Before making any decisions, it’s vital to evaluate all your options thoroughly. A qualified Florida business bankruptcy attorney can help you understand your legal rights and obligations, as well as guide you through the complex process of filing for bankruptcy. Whether you opt for Chapter 7, Chapter 13, or Chapter 11 Bankruptcy, a skilled attorney can provide the expertise and support you need to protect your business and make informed decisions for its future.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy offers a way to eliminate both personal and business debts. This type of bankruptcy can provide relief by allowing you to keep personal possessions and inventory, which is determined by exemptions. It is also known as a liquidation bankruptcy because it involves the selling of assets to pay off debts. However, secured debts are an exception and require repayment, whereas other debts do not.
In order to file for Chapter 7 Bankruptcy, you must meet certain eligibility criteria. This includes passing a means test to determine whether your income falls below the state median. Additionally, you cannot file for Chapter 7 if you have had a bankruptcy case dismissed within the past 180 days or if you have been involved in fraudulent activity. It is important to consult with a bankruptcy attorney to ensure that you meet the necessary qualifications and to guide you through the complex process.
Chapter 11
Chapter 11 Bankruptcy is exclusively for business bankruptcy and allows businesses to reorganize their debts and pay them off over a period of up to six years. Unlike Chapter 7 and 13, the business is permitted to continue operating while its debt is being repaid. During the bankruptcy filing, a trustee is appointed to oversee the process and collect money from creditors. Once the debt has been paid off, any remaining debt is discharged, and the bankruptcy is officially closed.
Chapter 13
Chapter 13 Bankruptcy is an alternative to Chapter 7 and is also known as a reorganization bankruptcy. This type of bankruptcy allows you to create a feasible repayment plan for your debts through the court system. It is particularly helpful if you have fallen behind on payments for secured assets like a car or a house. Additionally, Chapter 13 Bankruptcy can also eliminate unsecured debts such as credit card balances. It is important to note that the repayment plan lasts for three to five years and requires regular payments to be made.
What Our Clients Say About Us
I had such a good experience with my case with this firm!! They are all very nice, reasonable and caring about your situation and super thorough. I filed a ch 7 in October 2018, was discharged in January 2019 (so fast only 3 months) bought my very first ever new car in March 2019.
This is the best law firm I have have ever worked with. They were very honest, professional, and responsive. Robert and Trey worked very hard to create a best case scenario for me. My case was complicated and required high level negotiations. In less than 4 months, I received the best possible outcome! They were a lifesaver for me!
Extremely knowledgable and experienced Bankruptcy attorneys who are compassionate and diligent for their clients. I have sent them many satisfied clients and will continue to do so because their fees are fair and their staff is top notch! A+ firm in my book.
Why Choose Bruner Wright
At Bruner Wright P.A., our team of experienced attorneys is dedicated to providing our clients with top-notch legal services. We understand that choosing the right law firm can be a difficult decision, and we want to help make that decision easier for you. Here are just a few reasons why you should choose Bruner Wright P.A. for your legal needs:
Expertise
Our team of attorneys has years of experience in a variety of practice areas, including bankruptcy law, business law, and real estate law. We have the knowledge and expertise necessary to provide you with the best possible legal representation.
Client Focus
At Bruner Wright P.A., our clients always come first. We understand that every client is unique, and we take the time to listen to your needs and concerns. Our attorneys work closely with each client to develop a personalized legal strategy tailored to your specific situation.
Attention to Detail
We believe that attention to detail is critical to achieving the best possible outcome for our clients. Our attorneys take a thorough and meticulous approach to every case, ensuring that no detail goes overlooked.
Commitment to Excellence
At Bruner Wright P.A., we are committed to excellence in everything we do. We strive to provide our clients with the highest quality legal services, and we are dedicated to achieving the best possible results for every client.
Accessibility
We understand that legal issues can be stressful and overwhelming. That’s why we make ourselves accessible to our clients and are always available to answer any questions or concerns you may have.
If you are in need of legal representation, don’t hesitate to contact Bruner Wright P.A. We are here to provide you with the expert legal services you need to achieve the best possible outcome for your case.
Our Jacksonville Business Bankruptcy Attorneys Can Help
If you are a business owner in Florida struggling with overwhelming debt, Bruner Wright can help guide you through the complex process of bankruptcy. Our team of experienced Florida bankruptcy attorneys is dedicated to helping businesses find the best solutions for their financial challenges. Contact us today to schedule a consultation and learn more about how we can assist you with Florida business bankruptcy.
To learn more, call the law office of Bruner Wright P.A. at 904.432.1200.
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