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(USGovernment-News.Com, January 18, 2013 ) Jacksonville, FL -- Recently, from one of the most feared alternatives, bankruptcy has turned into one of the most accessed solutions in the state of Florida. Jacksonville lawyers explain this fact not only by the severity of the financial problems of citizens, but also by the increased accessibility of legal bankruptcy support services. People have become better informed of their rights and the available legal solutions to their financial problems.
Furthermore, legal support is more available and more affordable than it has been 5 years ago. Nowadays, citizens have the possibility to receive free counseling from a Jacksonville bankruptcy attorney online or by phone. To allow citizens to easily gain access to information and support, Jacksonville Bankruptcy Helper have launched a new website, http://www.jacksonvillebankruptcyhelper.com/.
Although it may have negative consequences on one’s credit scores for a very long period of time, Jacksonville citizens have started to understand the fact that filing for bankruptcy is, in some cases, one of the most responsible decision they could make. When it comes to filing bankruptcy, Florida citizens know that it could be the only solution to avoid foreclosure and keep their homes. However, not both types of bankruptcy are good solutions for people who are afraid not to lose their homes.
To avoid foreclosures, Jacksonville FL attorneys advise people to file for chapter 13 bankruptcy. Chapter 13 bankruptcy implies a reorganization of the mortgage payment plan, allowing debtors to make smaller, more affordable payments and avoid losing their house. As long as the debtor makes all the payments until the end of the payment plan, foreclosure is avoided. However, if not, the foreclosure process will continue and the debtor risks losing the house.
Unlike chapter 13 bankruptcy, chapter 7 bankruptcy implies the discharge of the debtor’s unsecured debt, but not of mortgage. Using chapter 7 bankruptcy can be a good solution to handle serious mortgage debt. By discharging most of the person’s debt, he or she will have a larger part of their income available to pay mortgage. As long as the house is not yet the object of foreclosure, chapter 7 bankruptcy can be an efficient alternative to put mortgage payments back on track.
In most Jacksonville foreclosures, attorneys advise their clients to file for chapter 13 bankruptcy and delay foreclosure. However, this decision must never be taken without consulting first with an experienced bankruptcy lawyer. Bankruptcy might not be a good solution for everybody, so clients should first talk with a lawyer in order to learn more about the alternatives they have. Consulting with a lawyer is possible on the internet, because many law offices have websites that facilitate client – attorney communication.
According to bankruptcy attorneys, each client’s case is different, so different solutions might be necessary. During the last few years, some Jacksonville citizens managed to sell the house and get rid of mortgage, give a deed in lieu of foreclosure or have the house foreclosed by a bank.
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