Miami Bankruptcy Attorney
CHAPTER 7 & 13 BANKRUPTCY
From $500 +Costs
Over 25 Years Experience
Jordan E. Bublick
Miami Bankruptcy Lawyer
Practice limited to bankruptcy law since 1987
New York University School of Law (LL.M.)
Ohio State University College of Law (J.D.)
Free Initial Consultation
Over 8,000 Cases Filed
Review your financial and legal situation
Review your best options under Chapter 7 or Chapter 13 Bankruptcy
Types of Bankruptcy
The different types of bankruptcy are usually referred to by their chapter number in the Bankruptcy Code.
Business may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize.
One of the principal goals of the Bankruptcy Code is to provide the honest debtor a financial “fresh start” from burdensome debt.
The U.S. Supreme Court explained that the purpose of the “fresh start” is to give to the “honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.”
This goal is accomplished through the bankruptcy discharge which which releases a person from personal liability from certain types of debt.
Upon the filing of a bankruptcy case with the Clerk of the Bankruptcy Court, the “automatic stay” is generally imposed to stay and stop most lawsuits, foreclosures, garnishments, and collection activity against the debtor and their property.
Some types of actions, such as certain regulatory actions, are not stayed.