“Can I be Bankruptcy Can I still live in Tallahassee?” These are some of the most common questions that people living in or around Tallahassee Florida ask about bankruptcy. “Can a person still be bankrupt if he or she has filed for Chapter Seven bankruptcy in Florida? And what about the property, loans, student loans, child support, auto loans, and child custody?”
The answer to these questions depends on what state your bankruptcy is. There is no set guideline for what the definition of bankruptcy is for each state. Local Tallahassee bankruptcy lawyers must take their states into consideration when deciding if a certain situation applies. This is especially true if the person declared bankruptcy in another state and wishes to use that defense in the case in Tallahassee.
When I work with clients who are declaring bankruptcy in Florida, I always remind them that no one can make you bankrupt. Bankruptcy must be declared by a court of law. A bankruptcy lawyer cannot make you insolvent. If your debt is not as bad as you think it is, your local Tallahassee bankruptcy lawyer can help you get the help and advice you need to turn your financial situation around.
You do have options after you declare bankruptcy. The local Tallahassee bankruptcy lawyer can discuss these options with you and help you determine what is best for you and your family. Some people find it more helpful to file for chapter seven. This provides for a period of time during which you continue to pay off your debt. During this time, your home will not be repossessed. If your income has recovered somewhat, you may be eligible for a loan modification, in which your loan is refinanced so that the payments fit into a more manageable payment scheme.
Another option, of course, is to file for bankruptcy in the county where you live. This is often a good idea, since it will allow you to avoid having to deal with the local Tallahassee bankruptcy lawyer. Keep in mind, though, that you will have to live in your house during the period of your bankruptcy. This means that you will probably have to cut back on expenses. After your bankruptcy is declared, you may also be required to surrender your passport. A local Tallahassee bankruptcy lawyer will explain the procedures to you and give you the options available to you.
The most important thing you should do after filing for bankruptcy is to consult a local Tallahassee bankruptcy lawyer. He or she will explain the implications and procedures of the declaration, as well as how it will affect your credit rating and how long it will take for you to be financially stable. A lawyer can also inform you about options for dealing with the problems that arise after your bankruptcy has been declared. With a little help from an attorney, you should find that filing for personal bankruptcy is far less stressful than trying to deal with a mountain of debt.
This post was written by Trey Wright, the best local bankruptcy lawyer! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation.
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