Reputable bankruptcy attorneys in Pine Ridge, Florida and Citrus County can be hard to find. We at Weller Legal Group have over 30 years of bankruptcy experience and can help you with your Chapter 7 bankruptcy, Chapter 13 bankruptcy, or debt settlement cases. Over the last 3 decades we have filed over 30,000 cases and have debtors best interests in mind. Weller Legal Group is one of the oldest remaining bankruptcy law firms in Pine Ridge and Citrus County and we are ready to help you with your bankruptcy needs.
The first form of bankruptcy we will discuss is a Chapter 7, which is also known as a “straight” or “liquidation” bankruptcy. A Chapter 7 bankruptcy is usually better for those with lower incomes and larger household sizes. For example, if your household size is 4 people and your yearly income is a total of only $20,000 then you would most likely be a good candidate for Chapter 7 bankruptcy protection. Of course this can all be discussed with one of our bankruptcy attorneys or Mr. Jay Weller to see if you qualify for a Chapter 7 bankruptcy with what is known as a “means test.” In a Chapter 7 bankruptcy, the debtor is looking to discharge all or most of his or her unsecured debts, which may include credit cards, signature loans, medical bills, and more. The entire process is usually pretty quick and can be finished within 6 months in most cases.
When it comes to a Chapter 13 bankruptcy, which is also known as a “debt consolidation”, the process is a lot longer. With a Chapter 13, the debtor is looking to come up with an affordable monthly payment plan to be made over the span of a maximum of sixty (60) months to help repay back debts owed to their creditors. If the debtor makes all payments on time over the course of the Chapter 13 plan, then the debts will be discharged after all payments have been fulfilled over the course of the plan. Bankruptcy can also be utilized for protection to stop foreclosure on homes or the repossession of automobiles with what is known as an “automatic stay” which goes into effect after the bankruptcy petition is filed.
Debt settlements may be a good option for you to consider if you have some cash in your savings account. We can negotiate with your creditor or creditors on your behalf to come up with a one-time payment that will clear your debt with them. Something to keep in mind is that creditors are not required to accept a debt settlement offer. With this being said, we at Weller Legal Group have seen many of our clients settle debts for much less than they owed with our help. Debt settlements can be great because the process is usually pretty fast and it’s a really nice feeling to see those big debt balances being cleared up.
Among bankruptcy attorneys in Pine Ridge, Florida, Mr. Weller and Weller Legal Group is considered one of the premier law firms in this area of practice. Weller Legal Group almost exclusively practices bankruptcy law and represents only debtors. We are experienced and dedicated to helping our clients get out of debt and starting fresh. If you are considering filing Chapter 7 bankruptcy, Chapter 13 bankruptcy, or doing a debt settlement in Pine Ridge or Citrus County please feel free to call us at 1-800-407-3328 (DEBT) or contact us through our website at www.jayweller.com.
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