The United States has faced a challenging economy for the last several years. This trouble has taken its toll on millions of Americans. Fortunately, the Bankruptcy Code exists to give individuals a chance to start fresh, and build a more stable financial future.
Central Florida Debt Relief Attorneys
At the law firm of Richard A. Heller, P.A., our Orlando debt discharge attorneys have spent more than 20 years helping clients get out from under their debt by filing for Chapter 7 or Chapter 13 bankruptcy. While each chapter handles debt discharge in a different way, both are beneficial to individuals and families.
- Chapter 7 is also known as debt elimination or debt discharge bankruptcy. Once filed, nearly all of an individual's unsecured debt is discharged. However, there are exceptions that an experienced bankruptcy attorney can explain to you.
- Chapter 13 is actually a debt reorganization and repayment plan. Over the typical course of three or five years, an individual will pay back a portion, or all, of his or her unsecured debt. Upon successful completion of the debt repayment program, all remaining dischargeable unsecured debt is eliminated.
Unsecured debt, here, refers to debt that has no collateral attached to it. Most credit card bills and medical bills are examples of unsecured debt. Examples of secured debt would be a home mortgage, a car loan, or jewelry you financed at the store where you made the purchase. For a more detailed discussion, do not hesitate to contact a lawyer at our office for a free bankruptcy consultation.
Professional Legal Services
Have your case handled by an attorney with the experience necessary to provide you with the level of representation you deserve. Contact us today. We offer free initial consultations for bankruptcy and family law matters.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
