Bankruptcy
Bankruptcy is the legal process in which a person or firm declares inability to pay debts. Any available assets are liquidated and the proceeds are distributed to creditors. A person or firm may be declared bankrupt under one of several chapters of the federal bankruptcy code.
You Have Options
If you have become overwhelmed by debt, it is easy to believe that there is no way out. At the Law Offices of Carlos Santos II, we want you to know that there is a way out of debt. Our attorneys can help you find it. With more than 30 years of experience on our side, we know the debt relief options that are available to you. Let us help you get out of debt.
The most common method of debt relief for people in Miami and the surrounding parts of Florida is bankruptcy. This method works for many people but it is not for everyone.
How Much Does it Cost?
If you are overwhelmed by debt, you do not want to pay a lot of money to file bankruptcy. We are here to let you know that bankruptcy is cost-effective and will not add to your financial burden. Also, the cost of bankruptcy is set and does not change, regardless of whether you have $50,000 of debt or $150,000 of debt.
Consumer Bankruptcy
Consumer bankruptcy, also known as personal bankruptcy, comes in two forms:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
Our lawyers can help you determine which form of bankruptcy makes the most sense for you.
Small-Business Bankruptcy
Our lawyers also offer bankruptcy to small businesses. Chapter 11 bankruptcy is the primary debt relief option for small businesses.
Chapter 7 Bankruptcy
Eliminate Debt With the Most Common Form of Bankruptcy
In Miami and the surrounding parts of Florida, the most common form of bankruptcy is Chapter 7. This is a powerful debt relief tool that can help you get your financial life back in order. At the Law Offices of Carlos Santos II, our attorneys have more than 30 years of experience using this tool to help people like you.
What Is Chapter 7 Bankruptcy?
We call Chapter 7 “total bankruptcy.” When the process is complete, your debt will be paid or discharged and you can start over on more secure financial footing. Your credit card debt will be gone. Debt from medical bills will be eliminated. Essentially, you will no longer have to worry about your unsecured debt.
There may be some exceptions, depending on your case. For example, you may have to repay student loans. If you owe taxes to the IRS, you may still have to pay those back, although a payment plan can be created.
Do You Qualify for Chapter 7 Bankruptcy?
When people contact our law firm, the first question they ask is whether they qualify. More often than not, the answer is yes. The fact of the matter is that you would not be contacting our lawyers if you were not seriously in debt. Bankruptcy is designed specifically to help people like you. If you do not qualify for Chapter 7, you may qualify for Chapter 13.
Discuss Your Case With an Experienced Lawyer for Free
Call us at 800-577-9543 or send us an e-mail to schedule a free consultation about any legal issue. In addition to English, our services are available in Spanish, French and Creole.
Chapter 13 Bankruptcy
Eliminate Debt With a Repayment Plan
Chapter 13 bankruptcy is a powerful debt relief tool for people in Miami and the surrounding parts of Florida. This is a tool that can help you overcome debt and get your financial life back in order. With more than 30 years of experience on our side, the lawyers at the Law Offices of Carlos Santos II understand how to use this tool to benefit people like you.
What Is Chapter 13 Bankruptcy?
Chapter 13 is different than what most people think of when they think of bankruptcy. Chapter 13 allows you to reorganize your debt. It allows you to create a debt payment plan that works within your means, based on your income.
The debt repayment plan does not necessarily require you to pay back all of your debt. Instead, you will most likely end up paying back 20 to 35 cents on the dollar for what you owe. The timeframe for the repayment plan ranges from three to five years. Everyone’s situation is unique, so it is important to speak with an attorney to learn how bankruptcy would affect your particular situation.
Do You Qualify for Chapter 13 Bankruptcy?
You want to know whether you qualify for bankruptcy or not. Chances are good that you do qualify. You are contacting our attorneys because you are seriously in debt, and bankruptcy is specifically designed to help people like you.
Required Documents:
- The last 3 years of tax returns
- The last 6 months of pay stubs
- The last 6 months of bank statements
- Complete credit report from Experian, Equifax and Transunion
- Income and expenses sheet
- List of all creditors with account number, balance and contact information
- One statement from every creditor to be included in the bankruptcy
Discuss Your Case With an Experienced Lawyer for Free
Call us at 800-557-9543 or send us an e-mail to schedule a free consultation about any legal issue. In addition to English, our services are available in Spanish, French and creole.
If you do not qualify for bankruptcy, our attorneys may still be able to find options to help you fight your debt. These options include:
- Foreclosure defense
- Foreclosure counterclaims
- Loan modification