If you are mired in debt and have given up hope for your financial future, bankruptcy may provide you the fresh start you have been hoping for. There are two common types of bankruptcy. Which one will work the best for you depends on the type of debt you have plus your current financial situation.

At Gort Law, I will review your income, assets, and debts, and discuss with you your goals. We will then know whether to file for Chapter 7 or Chapter 13 bankruptcy.

Chapter 7

This is for you if your primary obligations are for unsecured consumer debt. At the end of the process, qualifying debts will be discharged, meaning it will be as though they never existed. Some debts that will be discharged include:

  • Medical bills.
  • Past due rent and utilities.
  • Unsecured credit card debt.

Almost more importantly, we need to evaluate your debt because the following will NOT be discharged.

  • Student loans.
  • Past due alimony or child support.
  • Any court imposed fine or judgment.

If you want to keep your house or car, you will have to arrange to continue paying those bills.

Chapter 13

If you got behind, but have enough income to pay your bills if you can just have time to catch up, this allows you to present a plan for repaying your outstanding debt over a three to five-year period of time.

Contact me at Gort Law for bankruptcy advice. My office is in Jupiter, Florida, and I serve all those in Martin, Palm Beach, and St. Lucie Counties.