What Bankruptcy Does

Chapter 13 bankruptcy lawyers Robert C. Bruner and Trey Wright can help you understand what bankruptcy does. Free consultation. 850-385-0342

Useful Information to Help You Decide If Bankruptcy Makes Sense

Whether you are a consumer or a business owner and you are facing continual phone calls and letters from creditors, you may have considered a bankruptcy filing as a way to stop the harassment and get a fresh start. Perhaps you heard that the bankruptcy laws changed recently and you wonder what benefits are still available in bankruptcy. You want an experienced attorney to help you understand the process and whether it makes sense in your situation.

At Bruner Wright, P.A., we bring over 30 years of experience to individuals and business owners who are thinking about filing for protection and handling Chapter 7, Chapter 11, and Chapter 13 proceedings. We built our successful practice on a commitment to personal service and a high level of responsiveness. We believe in face time, making ourselves available whenever you need to talk with us. To set up a free initial consultation, contact our offices or call us at 850-385-0342.

What a Bankruptcy Will Do for You

When you file for protection under federal bankruptcy laws, whether you are filing a business or a personal bankruptcy petition, an automatic stay will go into effect immediately upon filing. The automatic stay prohibits your creditors from calling you, sending you letters, taking legal action against you, or using any means other than the proceeding to recover the debt from you. This means that your wages cannot be garnished, your bank account cannot be levied, your car cannot be repossessed and your home cannot be taken in a foreclosure proceeding. It also means that you cannot be sued for the repayment of credit card debt.

If you qualify to file for protection under Chapter 7, you will be able to discharge most of your debts in exchange for the sale of non-exempt assets. Some debts, such as child support arrearages, student loans, and certain tax obligations, may not be dischargeable in a Chapter 7 proceeding. You should, however, get advice from an experienced bankruptcy attorney about all of your debts. In addition, the laws (which vary from state to state) allow you to exclude some property from sale, including your principal residence and motor vehicle, as well as retirement assets.

Contact Our Office

To set up an appointment with an experienced bankruptcy lawyer, contact us or call us at 850-385-0342. We are available to meet with you any day of the week. Initial consultations are always free.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.