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) 533-7117 to schedule a 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.