Orlando, Florida Bankruptcy Lawyers

Bankruptcy allows those in need to regain control over their personal finances. Millions of people use bankruptcy to rebuild their lives from the financial turmoil that can follow divorce, job loss, identity theft, medical bills, or disability. The most common options for consumers are Chapter 7 and Chapter 13.

Chapter 7 is the typical "clean slate" bankruptcy. Chapter 7 wipes out unsecured debts such as credit cards, medical bills, old utilities, repossessed vehicles, and even judgments. Chapter 7 was created for those who cannot repay their debts in a timely fashion without putting a serious financial strain on themselves and their families.

Chapter 13 is a consolidation bankruptcy that basically creates a payment plan for you to pay the bills back over time. Chapter 13 immediately stops foreclosure of your home and repossession of your vehicles.

With either Chapter 7 or 13, the bankruptcy laws typically allow you to keep your home and vehicles. Both Chapters allow you to begin rebuilding your credit immediately, which is essential to making major life purchases such as a home or a car.

It is vital that you have an experienced bankruptcy attorney to guide you through this process. Contact the law office of Paul L. Urich at 407-896-3077 for a free consultation today.