From $700.00 plus costs
Bankruptcy attorney Jordan E. Bublick has over 25 years of experience as a practicing chapter 7 and chapter 13 bankruptcy lawyer and is a graduate of the New York University School of Law (LL.M.) and the Ohio State University College of Law (J.D.).
Chapter 13 Bankruptcy
Stop Mortgage Foreclosures
Chapter 13 bankruptcy is often used to stop a foreclosure action. Under a chapter 13 bankruptcy, a person is able to catch their mortgage up-to-date over a period of up to five years under a chapter 13 plan. Second mortgages or junior liens may be “avoided” (lien stripped) if they are wholly “underwater”.
Mortgage Modification Mediation Program
The Bankruptcy Court’s “Mortgage Modification Mediation” (MMM) program is also available to expedite an mortgage modification application. Under the MMM program, a mediator is appointed by the Bankruptcy Court to assist the parties in reaching a modification agreement.
Credit Card Debt – Loans – Judgments – Wage Garnishments
Chapter 13 bankruptcy is also often used by persons with overwhelming debt, including credit cards, personal loans, judgments, and wage garnishments. Under a chapter 13 plan, many persons are only required to pay back a small portion of their debt.
Chapter 7 Bankruptcy
Under Chapter 7 bankruptcy a person is able to discharge their debt with certain exceptions and retain their exempt property. Florida exemptions include a homestead, certain personal property, retirement plans, life insurance policies, and social security benefits.
The majority of chapter 7 bankruptcy cases are “no asset” cases and persons are able to keep all of their assets. If a person has substantial property that is not exemption, he would consider filing under chapter 13 bankruptcy where a person is able to keep all of their property in exchange for making a payments under a chapter 13 bankruptcy plan that meet the “chapter 7 liquidation test.”
A chapter 7 bankruptcy discharge is usually issued within five months after the filing date. A chapter 7 discharge releases a person from personal liability for most types of debt and prohibits creditors from taking any further collection actions. Certain types of debt such as student loan, child support, alimony, and some taxes are non-dischargeable.
Aventura – Miami Bankruptcy Attorney
Bankruptcy attorney Jordan E. Bublick offers a free initial consultation to review your situation and the availability of chapter 7 or chapter 13 bankruptcy relief.