There are many misconceptions regarding bankruptcy in the state of Florida.  Recent changes were made in bankruptcy laws within the past few years and many people wondered if the protection people once had is now gone.  The good news is that it has been estimated that prior to the change in the laws that of all the people who would have qualified to file bankruptcy 85% of them would still qualify today.

Most people have no idea that even things like IRS back taxes can be eliminated anong with most other bills.  Anyone considering this option should check with a good Port St Lucie Bankruptcy Attorney.

In chapter 7 bankruptcy a person has a lot of bills and simply can't pay them.  The end result is that the bills are eliminated.  This often happens when something went wrong and it was unexpected.  The causes can include any of the following:

• Lost job
• Medical bills
• Overwhelming credit card debt
• Spouse lost job
• Business failure
• Economic conditions beyond your control
  

With chapter 13 bankruptcy the goal is to come up with a plan to pay off all the bills over time.  An arrangement needs to be made with the court and when the court approves the plan then all payments are made directly to the trustee who pays the creditors.

The best way to find out if bankruptcy is the right thing to do in your situation is to have a free consultation with a Port St Lucie Bankruptcy Attorney.  The first thing people ask is about the fees the lawyer will charge.  The question will come up, "If I can't pay my bills then how could I ever pay a lawyer?" and this is a valid question.  However, it should not stop you from seeking the free consultation.  An experienced lawyer has worked with people in the exact same situation and this is nothing to be embarrased about.  Please see the video below which addresses this very topic.