Florida, bankruptcy lawyers can handle various types of bankruptcy cases, depending on the needs and circumstances of their clients. The different types of bankruptcy cases that a lawyer in Florida can handle include
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Chapter 7 Bankruptcy
Also known as liquidation bankruptcy, Chapter 7 bankruptcy involves the liquidation of non-exempt assets to repay creditors. This type of bankruptcy is suitable for individuals or businesses with significant debt and limited income or assets.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also referred to as reorganization bankruptcy, allows individuals with a regular income to create a repayment plan to pay off their debts over a period of three to five years. This type of bankruptcy is suitable for individuals who have a steady income and want to protect their assets while repaying their debts.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is primarily designed for businesses, allowing them to reorganize their debts and continue their operations. It provides an opportunity for businesses to develop a repayment plan while maintaining control over their assets and operations.
Chapter 12 Bankruptcy
Chapter 12 bankruptcy is specifically designed for family farmers and fishermen. It provides a reorganization plan that allows them to repay their debts over a period of time while continuing their agricultural or fishing operations.
Chapter 15 Bankruptcy
Chapter 15 bankruptcy deals with cross-border insolvency cases. It provides a mechanism for foreign debtors to seek recognition and assistance in the United States for their insolvency proceedings.
Adversary Proceedings
In addition to handling different types of bankruptcy cases, lawyers in Florida can also represent clients in adversary proceedings. These are separate lawsuits that arise within a bankruptcy case, such as disputes over dischargeability of debts, fraudulent transfers, or objections to the debtor’s proposed repayment plan.
Bankruptcy Appeals
Bankruptcy lawyers can also handle appeals of bankruptcy court decisions. If a client is dissatisfied with the outcome of their bankruptcy case, they can seek the assistance of a lawyer to appeal the decision to a higher court.