You Have the Choice to Take Back Control of Your Financial Future.

An attorney can help navigate the intricacies of bankruptcy

On Behalf of | Dec 21, 2020 | Debt Relief

This year has taken a financial toll on a lot of families. The men and women of the Miami metropolitan area who are facing money woes have worked hard to try to stay afloat during these difficult times, but for many there is no end in sight. Bankruptcy is a very real debt relief option for these families, but far too many people avoid bankruptcy on account of the stigma attached to it. But working yourself to death in hopes of climbing out of a hole that only seems to be getting deeper is no way to live.

An attorney can help you choose the bankruptcy that is right for you

A bankruptcy attorney can be a great resource and guide for you as you try to claim a fresh financial start. To begin, an experienced attorney can advise you of your debt relief options. While Chapter 7 bankruptcy can rid you of most, if not all, of your debt, it will require you to liquidate some of your assets. That being said, an attorney can work with you to utilize certain bankruptcy exemptions so that you’re not starting your life post-bankruptcy without the financial resources you need.

Your attorney can also walk you through the Chapter 13 bankruptcy process. Here, you agree to enter into a manageable repayment plan that lasts for a number of years. At the end, certain debts will be discharged, and you won’t have to sell off your assets. Chapter 13 bankruptcies take a little bit more time, though, which may or may not have an impact on your decision of what type of bankruptcy is in your best interests

Don’t try to navigate the process on your own

A lot of people think that they can proceed through bankruptcy on their own. In many instances, this is a huge mistake. A seemingly minor misstep during any phase of the bankruptcy process can lead to a denied petition, which means that you’ll be left struggling with the debt you’re trying to escape.

At our law firm, we know that facing insurmountable debt can make the future look bleak. But there can be light at the end of the tunnel. You just have to choose to pursue. We have helped many Miami-area residence step out from the darkness of debt and into a life full of possibilities. We encourage you to browse our website to see if we can offer you the same.


Kingcade & Garcia | A Miami Law Firm