Bankruptcy

Bankruptcy2019-03-21T09:00:45+00:00

Compassionate bankruptcy attorneys are here to guide clients through their most stressful financial circumstances.

When we are faced with unexpected financial hardships in our lives it can be stressful and embarrassing. But it shouldn’t be. The understanding lawyers at The Storay Advocacy Group, P.A. know most hard-working people who are facing bankruptcy don’t intend to find themselves in such dire financial situations. They also understand that sometimes unexpected life events, such as a loss of a job or a divorce, can lead to unexpected financial burdens. While it may feel like you are swimming in a sea of debt, there could be a way out with a clean slate and a fresh start. Our bankruptcy attorneys are here to help our clients determine the right solution for their unique financial needs and guide them through the legal process of achieving that solution every step of the way.

What can bankruptcy do for you?

Choosing to file for bankruptcy is a major decision, and there are many financial problems bankruptcy can help you resolve. While some may feel that filing for bankruptcy is admitting to personal failure or irresponsibility, the truth is quite the opposite. Bankruptcy is a way to respond to unexpected financial hardships and regain your financial confidence and independence. Filing bankruptcy can help you:

  • Eliminate credit card debt
  • Eliminate medical bills
  • Stop the foreclosure process
  • Prevent creditors from garnishing wages
  • Stop creditor harassment

While filing for bankruptcy is an option to resolving financial difficulties, it is not always the only option available. You may have other options available to you such as negotiating and reaching settlement agreements with creditors. A knowledgeable bankruptcy lawyer can help you determine the right legal strategy for you.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the most common form of bankruptcy filed by individuals and businesses. To qualify for a Chapter 7 bankruptcy, the debtor must be able to pass a “means test”. The means test considers the debtors income, expenses, and debts, and the results of the test should show that the applicant has little to no disposable income remaining after paying necessary living expenses each month.

Chapter 7 bankruptcy is also known as “liquidation bankruptcy” because a debtor’s non-exempt assets may be sold to pay creditors instead of establishing an alternative repayment plan. If your business files Chapter 7 bankruptcy, you will be required to sell off all remaining inventory and the business will be completely dissolved at the end of the process. If your income is too high to qualify for Chapter 7 bankruptcy, then you may be able to file Chapter 13 bankruptcy instead.

Why work with a bankruptcy attorney?

While you can file for bankruptcy and represent yourself through the entire case (also known as pro-se representation), as you can with any legal problem, this can be difficult to do. A simple error or miscalculation of debt or income can result in a denial. It is best to hire an experienced bankruptcy attorney who will be able to clearly guide you through the complicated legal process the bankruptcy law entails; someone who can also advocate for your best interests throughout the process.

Our Stress-Free Bankruptcy Process

At The Storay Advocacy Group, P.A. our goal is to help our clients reach the best outcome for their individual needs, not to place them under more financial stress. Our process always begins with a free and confidential legal consultation. We also have flexible payment options available if you choose to elect our legal services. When you hire us as your bankruptcy attorney, we will help you:

  • Determine if you qualify for bankruptcy
  • Listen to your needs and concerns
  • Determine if bankruptcy is right for you, and if so, which chapter to file
  • Guide you through every step of the bankruptcy process from filing to discharge

Contact us today to schedule your complimentary consultation with one of our experienced bankruptcy lawyers.

Bankruptcy Attorneys Who Provide Supportive Guidance Through The Entire Bankruptcy Process

The bankruptcy lawyers at The Storay Advocacy Group, P.A. genuinely care for their clients and want to walk with them through every step of their bankruptcy process. It is our passion to help hard-working individuals and businesses through their most trying legal challenges and aide them in finding the solution that is right for them. To schedule your free and confidential legal consultation with one of our skilled bankruptcy attorneys call us at 813-502-5520 or contact us online. We look forward to working with you soon.