Bankruptcy Attorney Sarasota

If you’re facing debt or foreclosure, hire a bankruptcy attorney Sarasota from Lehn Law, P.A. to help you go through the process from start to finish.

An Experienced Bankruptcy Attorney in Sarasota Florida Can Help with Your Debts

 

Filing for bankruptcy is a decision that shouldn’t be made lightly, but rather after a consultation with an experienced lawyer. The United States Bankruptcy Law provides various forms of debt relief for businesses as well as individuals. Article 1, Section 8, Clause 4 of the United States Constitution discusses filing for bankruptcy protection. Even though the process of doing so has changed since the late 1700’s, the fact that it was present in the Constitution indicates that even our forefathers knew that people would need some sort of protection against their debt.

When it comes to debt relief for individuals, Chapter 7 and Chapter 13 are the most common insolvency forms. Although you don’t need a lawyer to file for bankruptcy, there are some steps during this process that can be complicated. Courts do not tolerate mistakes, and errors that may seem minor to you can be the cause of losing your assets that could have been protected. That is why it is best to hire an experienced Sarasota FL bankruptcy lawyer.

 

Bankruptcy Attorneys Sarasota Can Help Determine the Best Choice

The idea of filing for bankruptcy carries with it a great deal of anxiety. Many people assume that their financial future is in ruin if they have to file for bankruptcy. While bankruptcy is never the first option for people, there are plenty of bankruptcy myths that make the process seem much worse than it is.

If you need assistance with overwhelming debts, let our expert team at Lehn Law, P.A. help resolve your debts. We offer compassionate and personalized representation for the legal issues commonly faced by seniors, families, and ordinary people caught in challenging situations.

Our team of Sarasota FL bankruptcy attorneys will work alongside you as you handle probate and estate planning or face insolvency, foreclosure, or elder law matters. Reach out and schedule a free consultation to discuss your case.

A Sarasota Bankruptcy Attorney Explains Your Options

 

The belief that bankruptcy is admitting that you are a failure is a dangerous myth. Successful Americans including Henry Ford, George Foreman and Milton Hershey all filed for bankruptcy during their careers. Need another example? Abraham Lincoln, whose face is on much of our money today, filed for bankruptcy. Bankruptcy is not a sign of weakness or failure.

However, bankruptcy is not your only option, and in some cases, it can be avoided. Our negotiators frequently work with creditors to establish out-of-court options. Often, we can negotiate a smaller amount of debt payable in more convenient month-to-month installments.

With our law firm by your side, you can rest assured that your loved ones, your property, and your legal rights will remain protected. Lehn Law, P.A. has offices in both Port Charlotte, FL and Sarasota, FL and serves clients in and around Port Charlotte, Rotonda West, Placida, North Port, Charlotte County, and Sarasota County.

Bankruptcy Attorney in Sarasota, FL: Most Common Methods of Debt Relief

 

Chapter 7 bankruptcy is the most popular type of personal debt relief. It entails admitting to the court that you are unable to pay your financial obligations. Chapter 7 grants relief from debts by liquidating your assets and lets you have a fresh start. Student loans and court-ordered payments are among the only debts that are exceptions.

To be eligible for Chapter 7 bankruptcy, you need to pass a test and go through debt counseling. The procedure typically takes a few months. Have in mind that a qualified Sarasota FL bankruptcy lawyer can help you protect some of your assets from liquidation.

Filing Chapter 13 bankruptcy is an admission that you require assistance in handling your financial obligations. The court will reorganize your financial obligation by combining your payments into a single regular monthly payment. Payments are split among creditors, and this payment plan lasts for 3 to 5 years.

If you pay according to your Chapter 13 bankruptcy plan, you can keep your home from being foreclosed upon, and any debts left will be discharged.

 

Choose a Bankruptcy Lawyer Sarasota with Experience

Another dangerous misconception about bankruptcy is that you lose everything if you file. No one is going to come to your home, kick you out, haul away all your earthly belongings and leave you destitute if you file for bankruptcy protection. Thanks to the presence of exemptions in bankruptcy, less than 5% of people lose property when filing for bankruptcy.

At Lehn Law, P.A. in Florida, our Sarasota FL bankruptcy attorneys help you decide whether filing for bankruptcy is the most effective way for you to take control of your debt. If it is, we will guide you through the whole process from start to finish.

Bankruptcy Attorney Sarasota FL Most Common Debt Reliefs

Contact Professional Sarasota Bankruptcy Lawyers

 

While bankruptcy is not mean lifelong financial ruin, it is also not something to be used as a free pass on your debt. Some types of debt are rarely, if ever, included in a bankruptcy discharge. You will probably still have to pay all student loan debt, recent income tax debt and any outstanding legal orders such as alimony or child support even if you file for bankruptcy.

Working with an experienced Sarasota, FL bankruptcy lawyer can help alleviate the stress of the bankruptcy process while also busting other myths that are so prevalent. Lehn Law has a team of attorneys who can help ensure that you are making a fully informed decision.

Whether you’re facing debt, foreclosure, or insolvency Sarasota, FL, lawyers at Lehn Law, P.A. can give you guidance and information on bankruptcy, Chapter 7 or Chapter 13, that you need to make the most well-informed decision for you and your family. Contact us today and schedule a free consultation.

Contact Professional Sarasota Bankruptcy Lawyers

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