Polk County Bankruptcy Attorney
Delivering Debt Relief Solutions Since 1900
Recent studies indicate that there are five main reasons people file for
bankruptcy: job loss, major and unexpected expenses, medical bills, divorce,
and excess or poor use of credit. These circumstances can quickly cause
debts to pile up to an extent that they become unmanageable, leaving the
borrower with few options for regaining their financial freedom.
If you are struggling with unmanageable debt, bankruptcy may be a good
option to wipe your slate clean and give you the fresh financial start
you need. At Boswell & Dunlap LLP, we understand that your debts do
not define you, and that even the most financially responsible people
may end up in circumstances outside of their control. The important thing
to know is that you have options, and our firm is here to help.
Contact a Polk County bankruptcy attorney at (863) 617-7336 to schedule
a free, no-obligation consultation.
Chapter 7 Bankruptcy
The most common type of bankruptcy filing sought by those seeking debt
relief in Florida is
Chapter 7 bankruptcy. Through Chapter 7, consumers have the ability to discharge
most, or in some cases all, of their unsecured debts. This means that
the bankruptcy court will release a consumer from further responsibility
or liability for certain debts. While the case is pending, consumers will
benefit from an “automatic stay,” which prohibits creditors
from making any collection attempts and which protects the bankruptcy
filer from wage garnishment and repossession. In order to be eligible,
applicants must pass a “means test,” which compares their
monthly income to the median income in order to show proof of financial hardship.
Chapter 13 Bankruptcy
Another type of bankruptcy filing is Chapter 13, which can reorganize debt
into manageable monthly payments that can be paid over the course of three
to five years. Under this “wage earner” plan, individuals
can repay all or part of their debts while allowing individuals the opportunity
to save their homes from foreclosure. Payments are made to a trustee rather
than directly to creditors. Any individual is eligible for relief under
this chapter as long as their unsecured debts total less than $383,175
and secured debts are less than $1,149,525 (subject to change with fluctuations
in the consumer price index).
Break Free from Debt: Contact Boswell & Dunlap LLP to Learn How We Can Help
If you are struggling to pay down your debts and have questions about what
your options are, we would be happy to meet with you during an initial
case evaluation to provide you with more details on the bankruptcy process.
For over a century, our trusted firm has provided exceptional legal representation
to Polk County residents, including those seeking effective debt relief
solutions. No case is too complex for our Polk County bankruptcy lawyers
to handle, so you can feel confident entrusting your case to our firm.
Fill out an
online case evaluation form to get started.