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?
Struggling to Pay Your Personal Debts or Expenses?
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?
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
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
Personal
Debt Relief
Creditor
Representation
Hear From Our Clients
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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.
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
Business
Debt Relief
- Chapter 7 Bankruptcy (Business)
- Chapter 11 Bankruptcy
- (ABC) Assignment For The Benefit Of Creditors
Personal
Debt Relief
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
Creditor
Representation
- 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
Business
Bankruptcy FAQs
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.
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.
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.
Personal
Bankruptcy FAQs
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.
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.
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.
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.
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
In Florida, the statute of limitations for debt collection is five years for written contracts, such as loans or credit cards.
In Florida, a debt is typically uncollectible after five years, which is the statute of limitations for debt collection.
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.
