If you need a bankruptcy lawyer in Beverly Hills or the Citrus County area, Weller Legal Group is here to help. Mr. Jay Weller of Weller Legal Group has over 30 years of experience in bankruptcy law and Weller Legal Group is regarded as one of the most premier law firms in the Citrus County area. Our bankruptcy attorneys can assist you with Chapter 7 bankruptcy, Chapter 13 bankruptcy, and debt settlements in Beverly Hills or the Citrus County area.
Chapter 7 bankruptcy is also referred to as a straight bankruptcy or a straight liquidation. Usually this form of bankruptcy is pretty straight forward and the entire process can be finished within 4 to six months. In a Chapter 7 bankruptcy, the debtor is seeking to discharge all of his or her unsecured debts. These unsecured debts can include anything from credit cards, signature loans, medical bills, and more. Unfortunately, student loans are generally not discharged in a bankruptcy. However, if the debtor can establish that the student loans present an “undue hardship”, he or she may receive a discharge of student loan obligations in bankruptcy. In some cases, taxes and monies owed to governmental taxing entities, may be discharged in a bankruptcy. There are also income requirements in order to be allowed to file a Chapter 7 bankruptcy. The allowable income will depend on your household size which can be discussed with the bankruptcy attorney.
Chapter 13 bankruptcy is also known as a debt consolidation or debt reorganization. With this form of bankruptcy, the debtor is looking to consolidate most or all of his or her debts into an affordable monthly payment to be paid over a maximum of sixty (60) months. A benefit of filing for Chapter 13 bankruptcy is that this can stop home foreclosures, garnishments, and repossession of automobiles.
In certain cases, the debtor may be able to significantly lower their monthly automobile payments depending on the length of time they owned the vehicle. All the details can be discussed with one of our bankruptcy attorneys or Mr. Jay Weller.
Debt settlements can be an option if you have your heart set on not filing for bankruptcy. With a debt settlement, Weller Legal Group will negotiate on your behalf with your creditors. We will then try to come up with an affordable one-time payment that will settle your account with that creditor. The benefit of a debt settlement is that the process can be pretty fast compared to a bankruptcy and you may notice your credit score increase over time after a successful settlement deal. Something to keep in mind is you must have the funds readily available in order to make the one-time payment. If you do not have funds readily available then debt settlements may not be an option for you.
Among bankruptcy attorneys in Beverly Hills, Florida and the Citrus County area, Mr. Weller and Weller Legal Group are considered one of the premier attorneys in this area of practice. Mr. Weller has over 30 years of experience and his law firm has filed over 40,000 cases. We will help you in managing and confronting your creditors, and work with you to get your life back on track. If you live in Beverly Hills, Florida or the Citrus County area and need bankruptcy assistance, feel free to contact us today at 1-800-407-3328 (DEBT) or through our website at www.jayweller.com.
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