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Florida Bankruptcy Lawyer

Having debt problems can prove to be a major problem in someone's life. Accumulating more and more debt makes life seem nearly impossible, and the affects are compounding. In fact, experts will tell you that someone addicted to shopping, or anything else that involves incurring debts, is not much different than a chemical addiction. Likewise, avoiding and managing debt is just as serious a task as rehabilitating a chemical dependence.

Most people do not realize what they are getting into with credit cards, loans, and other forms of credit until it is excessively too late. When a debt problem emerges, it cannot only disrupt someone's life, it can also have that person living with harassing phone calls causing daily stress. Large amounts of debt will not only leave the debtor with the anguish of having to scramble to repay the debt, but also the mental hindrance of realizing your life is subject to the harassment of creditors seeking repayment. A Florida bankruptcy lawyer attorney can be the solution to relieve your financial stress.

A Florida bankruptcy lawyer attorney has the know-how to handle any bankruptcy question that you may have regarding your debt issue. Of course, there are many ways to handle a debt situation with creditors, but if your circumstances are bordering on the brink of personal ruin and or eviction, the best course of action needs to be an immediate response, such as the filing of bankruptcy.

Bankruptcy does not happen overnight. Nevertheless, it does bring relief to a very worried mind, and it can be a means to set things straight for the first time in your life since getting into debt.

In Florida, there are certain bankruptcy exemptions, which is a list of the kinds and values of property that creditors or bankruptcy trustees are legally unable to reach. The debtor is allowed to keep the property that is considered exempt, and what is exempt and the amount that is exempt varies from state to state. These include exemptions pertaining to the homestead, personal property, wages, pensions, public benefits, alimony and child support, insurance, and more.

Since creditors have the means at their disposal to legally go about collecting what you owe them, the best offense is a good defense. Do not let creditors get the upper-hand in the situation by getting a judgment against you that will result in a garnishment of your wages. If there is no other working option open to you, it is best to get on the ball and file a bankruptcy petition as soon as possible.

There is also something to consider with a bankruptcy petition filing. Not all debts simply go away with bankruptcy. A good many debts are part of the discharge that comes with a bankruptcy filing. However, the ones that are not include:

Any taxes that were due within a three year period before filing of petition
Any debts that were incurred ninety days before filing petition
Any domestic support of any kind from child support to alimony

These are just a few of the debts that bankruptcy does not cover. Nevertheless, if you are still set on bankruptcy to relieve your debt situation, a good Florida bankruptcy lawyer attorney is yours for the finding. Just seek him or her out in your area directory or via online.

In 2008, a cumulative 66,329 individuals in Florida filed for bankruptcy, 71% of those for chapter 7, and 29% filed for Chapter 13. The amount of people who file for bankruptcy may only increase as financial situations worsen, and they will need assistance to get through the process and on to recovery.