Your Central Florida Bankruptcy Lawyer

What is Bankruptcy?

Bankruptcy is a legal process designed to help individuals or businesses who are unable to repay their debts. It provides a way for them to either eliminate their debts entirely or create a plan to repay them under the supervision of the court. The goal of bankruptcy is to offer relief to debtors burdened by financial obligations while ensuring fair treatment for creditors.

It’s important to remember that financial setbacks are a common part of life, and seeking help through bankruptcy doesn’t diminish your worth or define your overall success. What matters most is how you navigate and learn from your experiences to build a stronger financial foundation moving forward. Central Florida Bankruptcy attorney John Russo can help you every step of the way.

Are there different kinds of Bankruptcy?

Yes. In the United States, the two most common types of bankruptcy for individuals and businesses are Chapter 7 and Chapter 13.

A Chapter 7 bankruptcy, also known as liquidation bankruptcy, is the most common form of bankruptcy in Brevard County. As the least expensive and fastest route to debt relief, Chapter 7 gives you a fresh start by releasing the debtor from all dischargeable debts.

A Chapter 13 bankruptcy, also known as reorganization bankruptcy, is a type of bankruptcy available to individuals with regular income who want to create a plan to repay all or part of their debts over a period of three to five years. Unlike Chapter 7 bankruptcy, which involves the liquidation of your assets to pay off debts, Chapter 13 allows you to keep your property and catch up on missed payments through a court-approved repayment plan.

Why Do People File For Bankruptcy?

People file for bankruptcy for various reasons, often due to financial challenges that make it impossible for them to meet their debt obligations. Simply put, people file for bankruptcy as a means of obtaining relief from overwhelming financial difficulties and obtaining a fresh start financially.

Is Bankruptcy the Right Choice for Me?

Deciding whether filing for bankruptcy is the right choice for you depends on your individual financial situation, goals, and circumstances. It’s essential to weigh the pros and cons carefully and consider alternative options before making a decision.

Choosing to file for bankruptcy can create a framework for addressing your debts and allows you to move forward with a clean slate, free from overwhelming financial burdens.

How can John A. Russo, a Brevard County Bankruptcy Attorney, help me?

An experienced bankruptcy attorney can provide you with invaluable support and guidance throughout the bankruptcy process, helping you achieve the best possible outcome for your financial situation. Talking to John Russo, a Central Florida bankruptcy attorney, is crucial for several reasons:

1. Evaluation of Options: John Russo, a Brevard County bankruptcy attorney, can assess your financial situation and advise you on whether bankruptcy is the right option for your circumstances. He can explain the different types of bankruptcy, and help you understand the pros and cons of each

2. Protection from Creditors: Once you file for bankruptcy, an automatic stay goes into effect, which prohibits creditors from continuing collection efforts, such as lawsuits, wage garnishments, or harassing phone calls. John Russo, a Central Florida bankruptcy attorney, can help you understand how bankruptcy can provide immediate relief from creditor actions.

3. Debt Discharge: Bankruptcy can provide a fresh start by discharging or eliminating certain types of debt, such as credit card debt, medical bills, and personal loans. John Russo, a Central Florida bankruptcy attorney, can help you understand which debts can be discharged in bankruptcy and which debts are nondischargeable.

4. Asset Protection: Depending on the type of bankruptcy you file, you may be able to keep certain assets while still eliminating your debts. John Russo, a Brevard County bankruptcy attorney, can advise you on how to maximize exemptions to protect your property and assets.

5. Navigating the Process: Bankruptcy involves complex legal procedures and paperwork. An experienced Brevard County bankruptcy attorney can guide you through the bankruptcy process, ensure that all required documents are filed correctly and on time, and represent you in court hearings and meetings with creditors.

6. Avoiding Mistakes: Making mistakes during the bankruptcy process can have serious consequences, including delays, dismissal of your case, or loss of assets. An experienced Melbourne bankruptcy attorney can help you avoid common pitfalls and navigate the process smoothly.

7. Long-Term Financial Planning: A bankruptcy attorney can provide guidance on rebuilding your credit and making sound financial decisions after bankruptcy. They can help you develop a plan for managing your finances and rebuilding your creditworthiness over time.

Ultimately, filing for bankruptcy can provide relief from overwhelming debt and a fresh financial start for many individuals. However, it’s not the right choice for everyone and should be considered carefully after weighing all options and seeking professional advice from an experienced Brevard County Bankruptcy attorney.

Disclaimer: The law firm contacted through this site is a debt relief agency and helps people and businesses of Florida file for bankruptcy under the U.S. Bankruptcy Code.

What Our Clients Say About Us

At the Law Offices of John A. Russo, we strive to provide affordable high-quality legal representation to each and every client. At the Law Offices of John A. Russo, client satisfaction is our number one priority. Our dedication to legal excellence and client satisfaction can be seen in the words of those we have represented.

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My husband and I had the pleasure of meeting Mr. Russo at his office last week. We never felt rushed as Mr. Russo listened attentively and discussed our situation for over an hour and twenty minutes. At the end of that time, I offered to pay Mr. Russo a consultation fee for his time and sound advice, which he politely refused. He has certainly...

Sandy

Mr. John Russo was amazing from our very first phone call. He talked with me and answered many of my questions even before I hired him. He explained everything and presented all the options available to me. He helped me through a difficult process and was always available when I needed him. I highly recommend John Russo; he is not only professional...

@Volley_Girl Beach

My husband and I hired Mr. Russo to handle a criminal matter and it was handled very professionally. Mr. Russo was very prompt in returning calls and/or emails. Always following through. A man of his word.

Harvil

My husband and I met Mr. Russo in his office in Melbourne. First, I want to say he is a very kind man and explains everything to you step by step. If there is something you might not understand, he will go over it with you until you feel comfortable. Most people do not know attorney language. He knows that and puts you at ease. He's easy to talk to...

Linda

I would like to recognize Mr. John Russo for his excellent representation for me in a foreclosure case with my ex-husband. His knowledge and professionalism made everything work out positively. I am happy with the result of the case.

Nadya

I would like to thank John Russo for representing me. I thought he was very informative and reliable. I could really tell that he cared about my situation. Every time I had questions and would call him, he responded promptly. I was really impressed with his communication skills and reliability.

Chelsea

John Russo is a wonderful attorney; his empathy and concern are felt the first visit. He basically works for his clients the same way he would work for his own family. I work a lot and he was so laid back about the schedule, allowing me the time I needed. His recommendation and expertise set me on a whole new financial trajectory and I’m extremely...

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