Debt Relief Florida | Bankruptcy in Miami & Fort Lauderdale
Is Your Business Struggling to Pay Its Debts or Expenses?
Are you seeking creative strategies that will allow the business to continue operation or shut down?
Are you seeking creative strategies that will allow the business to continue operation or shut down?
Struggling to Pay Your Personal Debts or Expenses?
Looking for solutions that will result in a brighter future for you and your family?
Looking for solutions that will result in a brighter future for you and your family?
Are You or Your Business Owed Money by a Bankrupt Debtor?
Are you seeking innovative strategies to maximize recovery and protect rights?
Are you seeking innovative strategies to maximize recovery and protect rights?
Debt Relief Florida | Bankruptcy in Miami, Fort Lauderdale & Surrounding Areas
Debt Relief Florida | Bankruptcy in Miami, Fort Lauderdale & Surrounding Areas
Serving South Florida, including Fort Lauderdale, Miami, Palm Beach, and surrounding areas
Strategies • Solutions • Results
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Florida Debt Service Options
We understand that dealing with debt can be overwhelming. That’s why we offer a range of debt service options to help Florida residents and businesses regain control of their finances.
Business
Debt Relief
Running a business can be tough, especially when faced with financial struggles. Our team offers expert guidance and a variety of debt relief options to help your business.
Personal
Debt Relief
If you’re an individual struggling with debt, we can help you explore your options and find a path to financial freedom. We offer no-cost Strategy Sessions for personal bankruptcies.
Creditor
Representation
Creditors of bankrupt debtors have several avenues for recovering what is owed to them. Below you’ll find some of our Creditor Representation services.
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Why We're Different
At LSS Law, we’re not just another debt relief company. We’re a team of dedicated professionals committed to providing personalized, effective debt relief solutions for Florida residents and businesses.
Here’s why we stand out from the crowd:
Expertise
Our firm possesses extensive knowledge of Florida's bankruptcy laws, offering both business and personal bankruptcy guidance, including creditor representation.
Trustworthiness
We are a transparent and integrity-driven law firm, committed to relieving your financial burdens.
Personalized Approach
Recognizing the uniqueness of each financial situation, we offer tailored solutions like debt consolidation, management plans, or bankruptcy.
Education
We aim to empower clients by clearly explaining bankruptcy options and processes, and ensuring well-informed financial decisions.
Compassion
Acknowledging the stress of debt, we handle cases with empathy and support, easing the burden during tough times.
LSS Law is more than just a law firm. We’re your partners in debt relief, committed to helping you regain control of your finances and open the door to a brighter future.
Florida Debt Service Options
At LSS Law, we understand that dealing with debt can be overwhelming. That’s why we offer a range of debt service options to help Florida residents and businesses regain control of their finances.
Business
Debt Relief
Running a business can be tough, especially when faced with financial struggles. Our team offers expert guidance and a variety of debt relief options to help your business.
- Chapter 7 Bankruptcy (Business)
- Chapter 11 Bankruptcy
- (ABC) Assignment For The Benefit Of Creditors
Personal
Debt Relief
If you’re an individual struggling with debt, we can help you explore your options and find a path to financial freedom. We offer no-cost Strategy Sessions for personal bankruptcies.
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
Creditor
Representation
Creditors of bankrupt debtors have several avenues for recovering what is owed to them. Below you’ll find some of our Creditor Representation services.
- Mortgage holders
- Commercial or residential landlords
- Condominium associations
- Homeowners associations
- Equipment or vehicle lessors
- Secured lenders
- Unsecured lenders
- Financial institutions
- Credit card companies
- Manufacturers
- Suppliers
Commonly Asked Questions
Below are some of the most asked questions related to your circumstances.
Business
Bankruptcy FAQs
1. Can bankruptcy save a company?
Absolutely! Bankruptcy isn't always the end. In fact, it can be a new beginning. Filing for Chapter 11 bankruptcy, for instance, allows a company to restructure its debts and develop a plan to keep the business running while paying off creditors over time. It's a lifeline for businesses in financial distress, giving them a chance to get back on their feet.
2. What's the difference between Chapter 11 and Chapter 7?
The primary difference lies in the outcome. Chapter 11 bankruptcy is a reorganization process, allowing a business to continue operations while restructured debt is repaid. On the other hand, Chapter 7 bankruptcy involves the liquidation of a company's assets to repay creditors, often leading to the dissolution of the business.
3. What happens when a business files for bankruptcy?
When a business files for bankruptcy, it's placed under the protection of the bankruptcy court. This halts all collection efforts from creditors (an automatic stay). The business then works with the court and its creditors to develop a plan for repaying its debts.
4. Can I start another business if I file bankruptcy?
Yes, filing bankruptcy does not prevent you from starting a new business. However, it could make obtaining new credit more challenging in the short term. It's essential to understand your financial situation and explore all options before venturing into a new business.
5. How much is a bankruptcy lawyer in Miami?
The cost of a bankruptcy lawyer in Miami varies based on complexity, the type of bankruptcy, and the attorney's level of experience. It's crucial to remember that while cost is a factor, having an experienced lawyer can make the process smoother and protect your interests.
Personal
Bankruptcy FAQs
1. Can I file for bankruptcy myself in Florida?
While technically you can file for bankruptcy on your own (pro se), it's not recommended. The process is complex and requires a thorough understanding of bankruptcy law. Mistakes can be costly, jeopardizing your financial future. For instance, imagine accidentally leaving a valuable asset off your bankruptcy forms, only to have it seized and sold to repay your creditors. With so much at stake, it's wise to seek professional help.
2. How much debt do you have to have to file bankruptcy in Florida?
In Florida, there's no minimum amount of debt required to file for bankruptcy. However, at LSS Law, we typically don't take on cases with less than $15,000 in debt. We believe that in such situations, other debt relief options may be more beneficial and cost-effective.
3. What is the income limit for Chapter 7 in Florida?
The income limit for Chapter 7 bankruptcy in Florida is determined by the state's median income and your household size. If your income is below the state median, you can file for Chapter 7. If it's above, you may still qualify after passing the Means Test, which considers your disposable income and unsecured debts.
4. How do you qualify for bankruptcy in Florida?
Qualifying for bankruptcy in Florida involves several factors, including your income, the type and amount of your debts, and your ability to repay your debts. A bankruptcy attorney can help you understand these requirements and determine if bankruptcy is the right option for you.
5. How long does it take to file for bankruptcy in Florida?
The duration of the bankruptcy process depends on the type of bankruptcy filed. A Chapter 7 bankruptcy typically takes about 4-6 months from filing to discharge, while a Chapter 13 bankruptcy plan lasts 3-5 years.
Creditor
Compensation FAQs
1. How long can a creditor collect on a debt in Florida?
In Florida, the statute of limitations for debt collection is five years for written contracts, such as loans or credit cards.
2. What are the rules for debt collection in Florida?
Florida follows the Fair Debt Collection Practices Act, which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect debts.
3. How long before a debt is uncollectible in Florida?
In Florida, a debt is typically uncollectible after five years, which is the statute of limitations for debt collection.
4. What can creditors do to collect debt?
Creditors can hire a collection agency, file a lawsuit, obtain a judgment, and then seek to garnish wages or levy bank accounts. However, they must abide by the rules outlined in the Fair Debt Collection Practices Act.
5. How to get money owed to you?
If you're a creditor, the first step is typically to send a demand letter to the debtor. If the debt remains unpaid, you may need to hire a collection agency or file a lawsuit. It's often beneficial to consult with an attorney to understand your options and the best course of action.
Why Choose LSS Law for Debt Help in SFL?
When it comes to debt relief in Florida, there are many options to choose from.
However, we believe our approach sets us apart. Here are a few reasons why you should consider us for your debt relief needs.
Flexible & Accommodating
We cater to your unique needs with flexibility, offering both in-person and Zoom consultations at your convenience, even outside standard business hours.
Unparalleled Experience
Our team, rich in experience, expertly navigates complex bankruptcy cases, offering top-notch advice and representation for individuals and businesses.
Personalized Solutions
LSS Law focuses on custom debt relief plans, tailored to your specific financial circumstances and goals, covering everything from credit card debt to consolidation loans.
