Law Offices Of Richard Valdes, P.A.

Do You Need to File for Bankruptcy?

Once you decide to file for bankruptcy, you have to decide what type of bankruptcy to use. Individuals, businesses, and other organizations have different types of bankruptcy they can file for. For individuals, the most common types are Chapter 7 and Chapter 13 bankruptcies, while most businesses will choose Chapter 11.

In Chapter 7 bankruptcy most of what you own will be liquidated to pay off your debts. Then, your debts are completely discharged and creditors can no longer bother you. If you think you can pay back your debts but you need a little more time, a Chapter 13 bankruptcy, where you create a court-approved plan to repay over a few years, may be the better option.

Bankruptcy Lawyer in Palm Beach County, FL

Why Choose the Law Offices Of Richard Valdes, P.A.?

Our team has your best interest at heart, so we’ll do everything we can to find the most effective solution for your situation. Our compassionate and knowledgeable lawyers will fight for you every step of the way.

What Type of Bankruptcy Should You Choose?

There are many reasons you may find yourself facing an insurmountable amount of debt. If you’re facing foreclosure and you can’t find a way out, bankruptcy could be a good option for you. Under the right circumstances, bankruptcy could reduce or eliminate your debt and save your house, but it should be the absolute last resort.

If you’re not sure whether you should file for bankruptcy or not, stop by our office for a consultation, and we’ll walk you through the benefits and potential consequences of this decision.

If your debts are becoming impossible for you to manage, you may need to file for bankruptcy. You don’t have to walk this difficult path on your own. Call the legal team at the Law Offices Of Richard Valdes, P.A., to get expert advice and guidance during your filing process. We serve the Palm Beach County, FL, area, so call to make an appointment with our bankruptcy attorney today.