Bankruptcy Services Fort Lauderdale, FL

If you are facing threats of wage garnishment or have creditors threatening to seize your assets, you need a bankruptcy lawyer who has the experience to help you discharge your debts. High medical bills can lead to dire financial straights. High interest rates can make it impossible for you to pay off the principal on credit card debt, leading to a never-ending cycle where you pay the interest, but not the primary debt. Fortunately, the law provides the protection of bankruptcy to help individuals start over if they find themselves facing impossibly insurmountable debts. Chapter 7 bankruptcy allows you to keep certain property, while turning over non-exempt property to a trustee. Following this process, you emerge debt free, with a clean slate. Chapter 7 bankruptcy requires you to file detailed paperwork regarding your assets, your finances, and your liabilities. You need a bankruptcy lawyer who can help you navigate the sometimes complex process, so that you can be free of creditors, harassment, and the anxiety overwhelming debt brings. Glerum law is a firm committed to helping you achieve the financial relief you need and deserve.

What Property is Exempt During Chapter 7 Bankruptcy?

You will be required to turn over non-exempt assets during a Chapter 7 bankruptcy. This may lead you to ask, “What assets are exempt during bankruptcy?” Generally, you have a right to keep your home (if you own it), personal property up to $1000, savings for health, education, and hurricane emergencies, and a car worth up to $1000. Pensions are also protected during bankruptcy. If you are drowning in debt, and need a way out, you may be asking yourself, “Who can find me a bankruptcy attorney in Fort Lauderdale, Florida?” Glerum Law is a firm that can help you navigate the complicated process of evaluating your assets and can help you determine which valuables you can keep during a bankruptcy.

How Will My Credit Rating Be Affected by Bankruptcy?

If you are facing medical debt, credit card debt, or bills that you simply cannot keep up with, you may have asked yourself, “Who can find me a bankruptcy lawyer?” During the process of filing paperwork and determining the value of your assets, you may wonder how your credit rating will be affected by a bankruptcy. Fortunately, the government has restrictions on the amount of time a bankruptcy can be reported on your credit report. Currently, this limit is 10 years. Glerum Law is a firm that understands how anxiety-provoking debt can be. If you find yourself facing unwanted calls from creditors, threats of wage garnishment, or the seizure of your property, you need Glerum Law to help you get a fresh financial start.

Find Me a Bankruptcy Attorney!

Steven Glerum specializes in bankruptcy law. In 2010, he received the Consumer Law Award. If you are facing the stress of unmanageable debt, you need the help of an experienced bankruptcy lawyer who can help you move forward with your financial life. Contact Glerum Law today to learn more about how you can tackle debt head-on and put to rest your battle with creditors.