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Bankruptcy Services in Clearwater, FL

Filing for bankruptcy should not be made in haste. Knowing which type of bankruptcy to file for is crucial because it has a significant impact on your life. Allow a competent and reliable bankruptcy attorney in Clearwater, FL, to help you regain your financial footing. Each attorney at Perenich The Law Firm provides clear, sound advice to help you get out of debt. Whether you need to file for Chapter 7 Chapter 11, or Chapter 13 bankruptcy, our lawyers can help you decide which is best.

Calculating Finances in Clearwater, FL

Considering Filing for Bankruptcy?

It’s a common misconception that the only people who file for bankruptcy are those who don’t know how to manage their finances. On the contrary, most of the people who file for bankruptcy do so for reasons outside of their financial control. Job loss, the high cost of medical care, and financial expenses of a divorce can all lead to someone filing for bankruptcy. Our bankruptcy attorneys help clients on a range of issues, including:

Chapter 7
• Chapter 11
Chapter 13
Credit Repair
Creditor Harassment
Wage Garnishment

Bankruptcy Attorneys Break Down Bankruptcy Laws

Bankruptcy is a process in which businesses and individuals either repay or eliminate some or all of their debts. As your bankruptcy attorney, our goal is to help you make an information decision about which Chapter of bankruptcy is best for you or your business to file. 

Chapter 7 and can be filed by individuals and business. It’s commonly known as liquidation, as most or all of your assets are sold in order to raise the capital needed to pay off debts. This is option is frequently used by those who have little to no assets.

Chapter 13, also known as debt adjustment, is usually filed by individuals who are able to pay back a portion of their debts. If you are above the income eligibility to file for Chapter 7 then you may have no choice but to file for Chapter 13. Unlike individuals who file for Chapter 7, Chapter 13 allows individuals to keep their properties and assets, on the condition they set up a payment plan.

Individuals and businesses can file for Chapter 11 bankruptcy, but it’s usually filed by struggling businesses. Generally, the only time entities or individuals file for Chapter 11 is when their debts exceed the limits for Chapter 13 bankruptcy.

Our bankruptcy attorneys understand the financial hardships of going through bankruptcy. We do everything in power to assist our clients in any way we can, which is why we offer free consultations and set up a convenient payment plan that caters to your budget.

Contact our office to learn how to regain your financial footing. We proudly serve the clients of Clearwater, Palm Harbor and Tarpon Springs, Florida.