Definition of bankruptcy

The COVID-19 pandemic and the subsequent havoc that the virus has wreaked on the economy have left many people facing difficult financial times. If you think that bankruptcy is a good option, you have likely also considered whether you should file for bankruptcy now or wait. On one hand, filing for bankruptcy too early might mean losing a property you would have otherwise been able to keep. Conversely, waiting on bankruptcy might mean you can avoid the process entirely. To help you decide whether to wait or file for bankruptcy now, this article reviews some critical factors that you should consider. When You Anticipate New Debts Times are financially difficult for many people. If you expect to have new expenses sometime in the near future, you should not rush into bankruptcy. This is because Chapter 7 bankruptcy only erases debts that you have at the time of filing. This means that any debts that you face later will still be yours and cannot be discharged. When You do Not W...

Get Trusted Counsel from Attorneys with Three Decades of Combined Experience At The Law Office of Tony Turner , our team works together to provide you with immediate access to knowledgeable legal counsel. We make it a priority to be accessible to all of our clients, answering our own phones and staying personally connected with every case. While you might get lost in the crowd at a larger firm, our team knows you by name and keeps you informed through all of your legal proceedings. Our firm makes a point to return you call promptly--because we understand how overwhelming it can feel to be faced with a serious family law matter. For more than 10 years, we have kept our focus on issues within family law. We serve Daytona Beach, Volusia County, Flagler County, and surrounding areas of Central Florida. Our Focus Solely on Family Law We are not general practice attorneys. Rather, we are lawyers who have developed an in-depth, comprehensive knowledge of the intricacies of family ...

Bankruptcy law is commonly misunderstood. The vast majority of cases are filed by regular people who just need a break from overwhelming debt. The purpose of bankruptcy law is to allow a person to obtain financial freedom from debts they cannot repay. At LAW OFFICE OF TONY TURNER , our Gainesville bankruptcy lawyers are highly experienced in the field and can help you understand all areas of bankruptcy, so that you can make an informed decision. Understanding the Types of Bankruptcy If you are uncertain whether or not you should file for bankruptcy, and you want help separating truth from rumors, we can help. Schedule a free consultation. We will explain how Bankruptcy law would apply to your own situation and help you understand which kind of bankruptcy makes the most sense for you. Most people file Chapter 7 to get rid of debt, but bankruptcy can be used to restructure and reorganize your business with Chapter 11, or reorganize your personal finances with Chapter 13. No matte...

Need a lawyer to help you file for bankruptcy in Gainesville or Jacksonville, Florida? Call the bankruptcy lawyers at Tony Turner for your free consultation! Our experienced Jacksonville bankruptcy attorneys can help you decide if bankruptcy is the best option if you are suffering a loss of income or heavy debt. Why Choose Us If you’re facing bankruptcy, you should be aware that there are many circumstances that could arise during the course of your case that might require the knowledge of an expert. You have your choice of lawyers, and many of them are very good. However, the level of expertise and service we provide at Tony Turner Bankruptcy Lawyer is unsurpassed in many respects. To us, bankruptcy is not a number game, based on volume. We treat every case with the level of attention and expertise it requires, whether it is a routine case, or one that is very complex. Many people are facing financial difficulty who may never have imagined themselves in their current po...