Put Your Bankruptcy in the Best Hands Possible

If you are considering filing for bankruptcy, it is important to understand the different types of bankruptcy and which option will best suit your needs. In making that determination, it may be best to sit with a bankruptcy attorney to discuss your available choices. If you live in the Jacksonville, Florida area, you may have an opportunity to put your case in the best hands possible by securing one of the most experienced bankruptcy law firms in the state to assist you with your needs.

In life, there are times when it is absolutely necessary to hire the right attorney to get you through a challenging process. Filing for divorce, handling an estate, beginning a business partnership, etc. are all important legal matters that should be handled by a licensed and well-experienced attorney. Furthermore, when considering filing for bankruptcy, hiring an attorney is strongly recommended. When a bankruptcy case is not handled properly, i.e. rules are not followed correctly or documents are not filled out correctly, you can be denied the application. Thus, it is vitally important to hire an attorney to ensure that such mistakes are not made. Fortunately, there is a great option for an excellent bankruptcy attorney right here in Jacksonville, Florida.

The first step towards filing for bankruptcy is to decide that it is necessary. When you file for bankruptcy, your credit score can be adversely affected for up to seven years. It may even be possible that your credit score is already adversely affected if you are in debt and/or are unable to make your minimum monthly payments each month. Filing for bankruptcy, however, can many times allow you to completely start over again in life. In other instances, it can give you a manageable and affordable option for paying down your debts. Thus, once it has been determined that bankruptcy is the right move for you, that next step should be contacting the right attorney for a consultation.

One of the most experienced bankruptcy law firms in Florida is right in Jacksonville. The Law Offices of Justin McMurray, P.A. offer free consultations, enabling you to sit with an attorney who will be able to discuss your options with you, listen to your concerns, and help you make the most effective decision regarding your financial future. If filing for bankruptcy is the best decision for you, the attorney will help you file the initial paperwork and prepare you for the initial test that will determine whether or not you qualify for bankruptcy.

There are several types of bankruptcy and your attorney will assist you in determining the best route for you. Chapter 7 Bankruptcy, for example, clears you of all debts. It enables you to start over completely minus any sellable assets. Those assets will be sold to pay back as much of your debt as possible. Under Chapter 7 Bankruptcy, certain requirements must be met in order to qualify, including being behind on all monthly bills and proving that there is no income available to pay your lenders back.

Chapter 13 bankruptcy, on the other hand, is another common type of bankruptcy that people file for. Under Chapter 13 bankruptcy, you keep your home and assets, and you and your lenders will come to an agreement on a repayment plan that will work with your debt to income ratio. To qualify for a Chapter 13 Bankruptcy, you must meet income requirements and debt requirements.

There are a myriad of reasons why someone should hire an attorney when filing for Bankruptcy Attorney In Jacksonville Fl. Working with The Law Offices of Justin McMurray, P.A. provides you with some of the best attorneys to assist you in settling your financial matter and will make the process seem effortless.

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