25 Years Experience in Bankruptcy Law – Attorney Jordan E. Bublick

Practice Limited to Bankruptcy Law 

For over 25 years, Miami Bankruptcy lawyer Jordan E. Bublick’s practice has been limited to providing clients relief under chapter 7 and chapter 13 bankruptcy.cropped cropped AIbEiAIAAABECI PuaL62ofYgwEiC3ZjYXJkX3Bob3RvKigwZTI0MWRhNjJlYTFkMjkxZDg5Yjg3ZGFlNTRlZDczNjc5NDRjZGMxMAGCM47dJjHCkbg33zFLVGMmYBnqXQ21 25 Years Experience in Bankruptcy Law   Attorney Jordan E. Bublick

With the complexity of every day life, even the “simplest” of bankruptcy cases can present a broad range of issues that need to be reviewed properly. Theses issues include nature of property  owned and valuation, extent of exemptions, completing listing and categorization of creditors, dischargeabiity of income taxes, income and expense disclosure, disclosure of any transfers, etc.  The areas of law that may apply include issues includes aspects of real estate law, family law, litigation, tax law, probate law, etc. Although the Bankruptcy Code is federal law, the state laws of Florida play a part in their application in Florida.

Overview of Chapter 7 and Chapter 13 Bankruptcy

Chapter 7 Bankruptcy

Chapter 7 is usually used by individuals with little non-exempt property and lower incomes. But sometime persons who qualify for a chapter 7 case need to file a chapter 13 case as it offers the person the opportunity to reorganize their debt under a chapter 13 plan, including the opportunity to get time to apply for a mortgage modification.

Chapter 13 Bankruptcy

Chapter 13 is usually used by those with a significant amount of non-exempt property and above-median incomes. Chapter 13 plan can be used to reinstate mortgages, avoid under-water second mortgages, avoid under-water association arrearages, payoff or discharge IRS claims, and pay a portion of general unsecured debt.

Exempt Property

Exempt property in Florida generally includes a homestead, a limited amount of personal property, retirement benefits, aspects of life insurance and annuities, and worker’s compensation claims. Although the homestead exemption is generally unlimited amount (with certain exceptions), the exemption for personal property is only in the range of $1,000 to $5,000. If you have the benefit of a homestead exemption, the exemption for personal property is only $2,000.

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