BANKRUPTCY

CHAPTER 7

image1

   In Chapter 7 Bankruptcy, you may start fresh in your financial life.   Everyone should be afforded a second chance in life and Chapter 7 can provide that to you financially.  For instance, if you have a mountain of medical bills, lost your job, lost income, or simply made youthful mistakes with your money, Chapter 7 may be able to help you wipe out most if not all of your debts while saving your homestead protected home.  However, the law sets forth many rules, so please contact and experienced attorney, such as at the Law Office of Peggy Urbaneja, for a FREE CONSULTATION on what options you may have available. 

CHAPTER 13

image2

 Chapter 13, is an option for those with an income and assets.  For example, if you own a car, expensive jewelry, art, or want to save your home, you may want to file Chapter 13 bankruptcy to work out a 3 to 5 year payment plan, allowing you to save your possessions.  Chapter 13 involves many more steps than Chapter 7 and multiple hearings.  If you live in Broward or Dade, you should contact an experienced attorney to determine if Bankruptcy is an option for you. 

WHAT TO BRING TO YOUR FREE 30 MIN. CONSULTATION FOR CHAPTER 7 BANKRUPTCY

Complete the Client Information Package

Upon contacting the firm for a FREE 30-minute consultation, a Client Information Package will be provided.  Please complete it thoroughly and candidly so the attorney may fully evaluate your bankruptcy options.

Provide a copy of the pay stubs and source of income for the last 6 months for you and your spouse.

The bankruptcy court needs a full report of all sources of income for the last six (6) months.  Please provide copies of each and every source including, but not limited to pay stubs, gambling winnings, rental income, online sales, etc.

Provide a copy of your tax returns for the two (2) last tax years.

Bankruptcy court requires all debtors to show proof of filing taxes.  If you are not required to file taxes, then you must provide proof that you are exempt from filing.

Provide documents related to business interests.

  

If you have owned any interest in a business in the last 6 years, please provide the estimated value of your interest in the business and all business asset information from the past six (6) months.

Provide documents related to all motor vehicles in your name.

  

If you own a vehicle, or are making loan payments on a vehicle, please provide the vehicle(s): year, make and model, mileage, color and details as to the engine and vehicle accessories.

Please provide a copy of all bank/financial statements for the past six (6) months.

This includes all personal and business accounts that you own in whole or in part and/or that lists your name on the account.  Additionally, this includes all retirement, investment, money market and savings accounts that you own in whole or in part and/or that lists your name on the account. 

WHEN SHOULD I FILE FOR BANKRUPTCY?

MISTAKES TO AVOID IN BANKRUPTCY

FREQUENTLY ASKED QUESTIONS