What is Bankruptcy?
Bankruptcy is a legal option available to help individuals who have more debt than they can handle. The debt may be credit card, medical bills, IRS tax debt or any other monetary amount that someone says you owe. Through the bankruptcy code, Congress recognized that sometimes good people go through bad times and just need a fresh start. Bankruptcy provides that financial fresh start.

Bankruptcy is also widely used to stop wage garnishments, mortgage foreclosure, car repossession and to either eliminate IRS debt or pay IRS debt off without the continuing accumulation of penalties and interest.

The two chapters most commonly [read more]

It is difficult to know how to choose a Fort Lauderdale bankruptcy attorney. After all, you are only going to use them once in your lifetime (or so you hope) and it’s not really something that you want to broadcast to your circle of family and friends, so asking for referrals is sometimes difficult. A simple guideline is to find someone that encompasses the three “C’s”: Competence, Cost, and Compassion.

Here’s why they are important:

Your first consideration should be the competence of the bankruptcy lawyer. I am a firm believer that “someone had to graduate at the bottom of their class” and [read more]

Filing bankruptcy involves two separate expenses. There are legal fees and costs. The costs are usually fixed costs such as court filing fees, credit reports, credit counseling costs, and mailings, to name a few. Typical costs in a Chapter 7 bankruptcy case total approximately $485 and typical costs in Chapter 13 is usually $460 to $480.

Most bankruptcy attorneys charge a flat fee for the basic filing. In Chapter 7, the attorney fees vary by the complexity of the case but in general, they are between $800 and $2,500 from start to finish. A Chapter 13 attorney fees are $4,500 for taking the [read more]