Send Your Debt Packing with the Help of the David Holland Law Firm
Arcadia, Florida, is the county seat of DeSoto County, and we have served clients all over this town at some point or another. If you are considering bankruptcy, you need to know two things: (i) filing for bankruptcy is a complex undertaking for most people, and (ii) although bankruptcy is not always the only answer to debt problems, a well-executed bankruptcy can work financial miracles in the long run.
The Benefits of Bankruptcy
Bankruptcy offers two main benefits, one of them short-term and one of them long-term. In the short term, the bankruptcy court will grant an automatic stay once it accepts your bankruptcy petition, which prevents your creditors from harassing you or taking action against you. The long-term benefit is the permanent debt discharge you receive at the end of the process.
How We Can Help
The Federal Bankruptcy Code is a maze of endless corridors to the uninitiated, and a poorly executed bankruptcy can leave you worse off than you were before you filed. You might not even know the right questions to ask – but we do.
The Florida bankruptcy attorneys at David Holland Law enjoy decades of combined experience helping hundreds of clients find their way through the debt trap. We also offer debt defense services to help you defend yourself against aggressive creditors as well as debt counseling to help you discover viable alternatives to bankruptcy.
Of course, most bankruptcy lawyers won't file a petition for you until you have paid most or all of your legal fees in advance. At David Holland Law, things are different – you can get the process started for as little as zero money down.
“On our very first meeting, Attorney Holland put me at ease right away. He answered all my questions and gave me really good advice. Since that time, I feel very secure that if I ever need legal help or advice, I know who to turn to. Attorney Holland for sure.” – Jack Daoust
Frequently Asked Questions (FAQs)
Will I have to sell all my property if I file for bankruptcy?
Not necessarily. If you file for Chapter 13, you may not have to part with any of it. Even if you file for Chapter 7, it is likely that you will be able to keep some of your property by taking advantage of Florida's bankruptcy exemptions, which are among the nation's most generous. These exemptions include:
- Your personal residence (within certain limits).
- A certain amount of personal property.
- Some insurance and pension benefits.
- Public assistance benefits, including social security and unemployment.
Certain other property may be exempt as well.
Are student loans dischargeable in bankruptcy?
Usually not. There is an exception: student loans are dischargeable if the debtor can prove that repayment would result in an “undue hardship.” Such a discharge is not easy to qualify for. It is not impossible, however, at least with the assistance of an experienced Florida bankruptcy attorney.
Will a bankruptcy prevent me from buying a home in the future?
Not necessarily, even though a bankruptcy doesn't look good on your credit record. A bankruptcy will remain on your credit record for seven years if you file for Chapter 13 or ten years if you file for Chapter 7. You might qualify for an FHA loan even if you don't qualify for a conventional loan, and a lender will also consider your salary and your recent employment history.
Is filing for bankruptcy something to be ashamed of?
No. Presidents and Kings have done it, sometimes more than once. In fact, just about any billionaire has declared bankruptcy multiple times if you include bankruptcies filed on behalf of companies they own. Don't allow a misplaced sense of shame prevent you from filing from bankruptcy if it will benefit you in the long run.
Take Action Today – Boldness Has Genius, Power, and Magic in It
You may have fallen into a situation that is hard to exit. If you are paying high interest rates but can only afford minimum payments, for example, you might be paying off your debt at such a slow rate that you will achieve financial freedom sometime in the late 23rd century. We can help you exit this vicious cycle.
Half the battle is psychological, and getting started is usually the hardest part. Contact David Holland Law today by calling (941)-744-5450 or filling out our online case evaluation form to speak with an experienced Arcadia bankruptcy attorney. We serve clients throughout Arcadia, including Lake Suzy, Spring Lake, Nocatee, Forest Pine Estates, Sunnybreeze Harbor, and elsewhere.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.