When Should I Choose Bankruptcy in South Florida?

Finances can be hard, and when you’re living with debt, things can be even harder. Sticking to a monthly budget is essentially impossible when major debts are part of the picture. At Brodzki Jacobs & Associates, PL, we understand that there different solutions to debt. When it feels like you’ve exhausted your options, it’s time for a new approach. For many, bankruptcy in South Florida offers the best solutions for fighting many debts.

How can bankruptcy in South Florida help me?

If you’re fighting with major credit card bills, personal loans or other debts, it can be hard to get your head above water. In many cases, these loans only grow, especially when you’re only making minimum payments. For many families in South Florida, the debts they owe are more than their household income. If you’re drowning in debt, it’s time to consider bankruptcy in South Florida.

How can bankruptcy help? It depends on the type of bankruptcy you choose. At Brodzki Jacobs & Associates, PL, our attorneys can help you find your ideal fit when it comes to bankruptcy in South Florida.

Should I choose Chapter 13 bankruptcy? 

Many families choose to file for Chapter 13 bankruptcy. This form of bankruptcy helps to improve debt balances by adding payment plans tailored to specific needs.

With Chapter 13 bankruptcy, most people wind up paying back only a fraction of their debts. Best of all? These payment plans are personalized to your specific financial abilities, meaning you’ll only be asked to pay what you can afford with your current income.

What about Chapter 7 bankruptcy? 

Chapter 7 bankruptcy is another popular option for fighting debts. Those who qualify for Chapter 7 bankruptcy typically have debt balances well beyond their income. With Chapter 7 bankruptcy, debts are removed in exchange for sale of nonexempt assets.

Chapter 7 varies from case to case, but there are specific debts that may be removed. Eligible debts for discharge in Chapter 7 bankruptcy often include:

  • Credit Card Debts
  • Medical Bills
  • Civil Court Judgements
  • Past Due Utilities & Rent
  • Dishonored Checks
  • Deficiency Balances
  • Collections Accounts
  • Business Debts

If you’re ready to break free from these and other debts, it’s time to consider bankruptcy in South Florida. At Brodzki Jacobs & Associates, PL, we’re here to help! If you’re looking for the best solutions to your debts, we invite you to call on our team. Call (954) 344-7737 to schedule your consultation.


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