Destin, Florida Bankruptcy Attorneys

The decision to file bankruptcy is usually made after other options have been exhausted. You may have tried budgeting, negotiating with creditors, or even taking out a second mortgage. When you need immediate, effective, debt relief, it may be time to pursue bankruptcy. At the Law Offices of John F. Colowich, we will take the time to explore your rights and options under the bankruptcy laws and help you make the best decision for your family and your future.

Call 850-502-2160 or contact us by e-mail for an initial consultation or case evaluation. We know what you are up against and can protect your rights.

The truth about bankruptcy

Many people are hesitant to file bankruptcy because of the negative stigma that has often been attached. You don't want to feel that you are taking the easy way out or that you are incapable of handling your debts. The truth is that bankruptcy is a right given to consumers and businesses to increase economic growth. When credit is freed up through the bankruptcy process, it can actually bolster the economy.

You should never feel ashamed about filing bankruptcy. Most people come to the decision to file after they have suffered an unexpected hardship such as a job loss, divorce, or serious injury. It is important to know your rights under bankruptcy law. Your bankruptcy options may include the following types of bankruptcy filings:

Chapter 7 or Liquidation Bankruptcy

Chapter 7 is appropriate for individual consumers and businesses with significant unsecured debt. Our attorneys will help determine your eligibility based on the means test that will consider your income and debt caps. You may be able to keep a home under the Florida homestead exemption while discharging all other qualified debts.

Chapter 11 or Business/ Corporate Reorganization

If your business has trouble paying off loans and bills or making a profit, it may be time to consider Chapter 11 bankruptcy. We will assess your assets and debts and help you to reorganize your corporate debt to continue business operations. Through negotiations and payment plan structures, we can help make your business affordable and profitable.

Chapter 13 or Consumer Reorganization & Payment Plans

Chapter 13 is a bankruptcy option available to consumers who have significant assets and want to restructure their debt through a payment plan. Many people will pursue Chapter 13 if they do not qualify for a Chapter 7 liquidation because of income level. Our attorney will assess your debts and assets and develop a payment plan to reduce the amount you owe to various creditors. You can also stop a foreclosure and protect your home under Chapter 13.

30 years of experience · Call 850-502-2160 or contact us by e-mail for a free consultation with an experienced Destin, Florida lawyer · Evening & weekend appointments available upon request

Law Offices of John F. Colowich
4012 Commons Drive West, Suite 116
Destin, FL 32541
Phone: 850-502-2160
Toll Free: 866-660-2535
Fax: 850-650-7590
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