$500+ Chapter 7 & 13 Bankruptcy
Over 35 Years of Bankruptcy Experience
Free Same Day Consultation by Telephone/Office
Call (305) 891-4055 or Click for Appointment
MIAMI BANKRUPTCY LAWYER
MIAMI LAKES – KENDALL – NORTH MIAMI
Background
Experience
MIAMI LAKES
7900 Oak Lane, Suite 400
Miami Lakes, Florida 33016
jbublick@bublicklaw.com
KENDALL
8950 S.W. 74th Ct., Suite 2201
Miami, Florida 33156
Available for Consultation
NORTH MIAMI
1801 N.E. 123rd St., Suite 314
North Miami, Florida 33181
Available for Consultation
“Steps in a Chapter 7 Bankruptcy Case”
Miami Bankruptcy Lawyer
Miami Bankruptcy Lawyer Jordan E. Bublick offers experienced bankruptcy counsel in chapter 7 and chapter 13 cases for those who are unable to manage the burden of their debt, including mortgages, credit cards, personal loans, medical bills and taxes.
Types of Bankruptcy
The different types of bankruptcy are usually referred to by their chapter number in the Bankruptcy Code.
Individuals may file under Chapter 7, Chapter 13 or Chapter 11 bankruptcy depending on their circumstances.
Business may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize.
“Fresh Start”
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.
Automatic Stay
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.
Mortgages After Bankruptcy
It is generally possible to qualify for an FHA (Federal Housing Agency) mortgage loan after a period of time after the filing of a Chapter 13 or Chapter 7 bankruptcy. FHA mortgages are offered by individual lenders and insured by the FHA.
Chapter 13 Bankruptcy
The FHA handbook states that a FHA mortgage loan may be approve after 1 year of payments […]
New COVID-19 Small Business Bankruptcy Relief
Last week, the President signed into law the “Cares Act” which provides broad relief for individuals and businesses affected by the present situation.
One of the sections of the Cares Act made a change for a period of time to the new Subchapter V provisions (the Small Business Reorganization act) that was just signed into law in February, 2020. Subchapter V […]
Chapter 7 and 13 Bankruptcy Relief
The Bankruptcy Code provides for personal bankruptcy relief under chapters 7 and 13.
Chapter 7
Chapter 7 provides in general for the discharge of debt together with the liquidation of non-exempt property by the Chapter 7 trustee. Chapter 7 is usually used by those with lower income and little or no non-exempt property.
Chapter 13
Chapter 13 is usually used by those with higher […]
