What debts are dischargeable in a Florida bankruptcy?

If you are considering filing for bankruptcy in Florida, you are probably wondering what debts will be dischargeable through this court-supervised legal action. Bankruptcy generally addresses unsecured debt through a discharge. This means debt that is not tied to any collateral, such as credit card debt, medical and dental bills, utility bills, payday loans, and other personal loans. All of these debts can be wiped out by a personal bankruptcy.

Debts which cannot be discharged through a personal bankruptcy include any unsecured debt you failed to list in your bankruptcy petition, delinquency debts of child support or spousal support (alimony), fines and penalties owed a government agency, student loans, personal injury awards owed as a result of motor vehicle accidents in which you were negligent, court fines and criminal restitution debts, money owed to condo or homeowner associations, attorney fees owed in child custody or support legal cases, or money owed to some types of retirement plans.

Presenting a list of all debts owed to your attorney is a good idea so that he can advise you on what can and can't be discharged in your case. You will also want to learn what you can exempt from your bankruptcy case as well; property and asset exemptions listed under Florida bankruptcy law are available. These exemptions are items which cannot be taken from you to pay creditors through the court in a bankruptcy case.

Miami Bankruptcy Attorney

Filing for bankruptcy can be a complicated legal matter involving many rules, regulations, and requirements. That is why it is smart to consult with a qualified attorney who can give you sound legal advice and proper information with which to make an informed decision. Every potential bankruptcy case is different with its own set of unique facts and circumstances. By consulting with an attorney who is well-versed in this field, you may learn about debt relief options you weren't aware of that could work for you.

If you are located in or around Miami, The Botros Law Firm provides personalized legal service in debt relief options. The firm provides legal help with Chapter 7 and Chapter 13 bankruptcy filings as well as alternatives to bankruptcy, debt consolidation, debt negotiation, and help with foreclosure or short sales. Mr. Botros has more than a decade of experience in helping clients resolve their financial problems. He offers a free case consultation to help you get started. Contact the firm to schedule your consultation and learn what can be done to help you get your financial future on track.