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Our firm has over 22 years' experience!
- Free Consultation
- 954-942-2414
- Address
- 1318 Southeast 1st Avenue, Fort Lauderdale 33316
About Us
At the Law Offices of Anthony Rumore, P.A. We are client and solution oriented, not problem oriented. We focus on resolving the legal matters and problems of every one of our clients. For us, sharing the precise nature of the legal issues with the client is just the beginning of the problem resolution process. We are determined to present our clients concrete and realistic solutions for their problems.
Contact Info
- 1318 Southeast 1st Avenue, Fort Lauderdale 33316
- 954-942-2414
Consumer Bankruptcy
Consumer Bankruptcy Law
Millions of people face escalating financial difficulties. Unfortunately, no one is immune from the possibility of bankruptcy. While taking such action is not ideal, it is important to know that bankruptcy’s primary purpose is to protect the individual from creditors, provide an opportunity to eliminate debt, and provide a fresh start. The following questions may help you determine if you should consider bankruptcy:Although there are six basic types of bankruptcy cases provided for under the Bankruptcy Code, only two are commonly used by individuals. Those two types are Chapter 7 debt liquidation and Chapter 13 debt reorganization.
The stress, anxiety, and worry put upon you and your family by harassing creditors, past-due notices, foreclosure actions, and other situations brought upon by heavy debt can be handled. As soon as you go through the steps to file bankruptcy, your creditors will be legally required to immediately halt any collection activities. If you were threatened with foreclosure or have a pending foreclosure auction sale date, a bankruptcy filing will bring those foreclosure activities to a halt.
Chapter 7
If you have no conceivable way to pay off your debts within the next few years, you may be eligible to file a Chapter 7 bankruptcy. This type of bankruptcy is the most common type of bankruptcy filed by individuals. Chapter 7 bankruptcy may afford you the opportunity to discharge debts, bills, and financial obligations, while allowing you to keep your exempt personal property. A Chapter 7 bankruptcy is designed to give families or individuals a fresh financial start without being burdened by old credit card debt, medical bills, and judgments.
Chapter 13
A Chapter 13 bankruptcy or "wage earner reorganization" is available only to individuals with regular income. It requires that the debtor file a plan providing payment to creditors over a period of up to five years. The benefits of Chapter 13 include the ability to reinstate a home mortgage that is in default, stop IRS collection efforts while payments are made, and retain non-exempt real estate and personal assets.
A Chapter 13 bankruptcy or "wage earner reorganization" is available only to individuals with regular income. It requires that the debtor file a plan providing payment to creditors over a period of up to five years. The benefits of Chapter 13 include the ability to reinstate a home mortgage that is in default, stop IRS collection efforts while payments are made, and retain non-exempt real estate and personal assets.