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Your Bankruptcy Advocates

Fort Myers Bankruptcy Attorney

An Entire Team of Lawyers Helping You Through Bankruptcy

At Your Advocates, we believe a teamwork approach makes anything easier, or at least less stressful. When you need to file for bankruptcy, you can come to our Fort Myers bankruptcy attorneys for all the legal and moral support you need and deserve. We have decades of combined legal experience to put to use for your case, allowing us to go above-and-beyond what you may have been expecting.

Let us help you regain your financial freedom with bankruptcy. Call (239) 970-6844 today.

Two Common Forms of Bankruptcy

When you are feeling the weight of unpaid debts, bankruptcy could be your best option to find debt relief before things truly get out of control. There is no shame in filing for bankruptcy – thousands of Americans do it each year! There can be trouble, though, if you approach bankruptcy without an understanding of what it can do. Educate yourself and work through the process with our assistance.

You will likely need to file for one of two types of bankruptcy:

  • Chapter 7: The goal of Chapter 7 bankruptcy is to eliminate, or discharge, any and all of your unsecured debt. You must meet strict standards to use Chapter 7, and you could potentially lose some of your valued property in the process.
  • Chapter 13: Through Chapter 13 bankruptcy, you aim to reduce your debt, not completely discharge it. The payoff is generally being able to keep most or all of your valued property and risking less damage to your credit score.

The Difference Between Chapter 7 & Chapter 13

Choosing the right chapter is one of the most important parts of filing for bankruptcy. Choosing the wrong chapter could have serious consequences, including possibly having your case denied or dismissed due to lack of qualification. Let’s take a closer look at some of the key differences between these chapters to help you make the right choice.

Chapter 7

Chapter 7 bankruptcy is also known as “liquidation bankruptcy” because of the liquidation process it often includes. In short, the Chapter 7 process involves totaling up your assets, applying the appropriate exemptions and protections, and then your remaining property is sold off (liquidated) and the proceeds used to pay your creditors. Once this sale is completed, the remainder of your debts is discharged, giving you a fresh start.

While Chapter7 may seem like the simplest form of bankruptcy, it’s also one of the most stressful. It’s not uncommon for people to lose a lot of possessions that are extremely valuable to them as part of the liquidation process, and those who don’t utilize their exemptions well may lose more than they should.

Those who wish to file for Chapter 7 bankruptcy must also pass a “means test,” which is essentially a test of your ability to make your payments based on your current monthly income. If you fail to qualify, you’ll have to choose a different bankruptcy option.

Chapter 13

Unlike Chapter 7 which takes the liquidation route, Chapter 13 is a longer and more drawn-out process that allows someone to essentially re-organize their financial affairs and develop a plan to pay off their debts as much as possible within a three to five-year span. This plan must be approved by the court and do everything possible to repay outstanding debts within this limited stretch. Assuming you make a good faith effort to repay your loan and stick to your payment plan, the court will likely grant a discharge on any remaining unsecured debts at the end of your repayment plan period.

On the downside, this process takes longer to complete and means your credit score will continue to feel the effects for a much longer period. However, on the plus side, the lack of liquidation means you get to keep more of your property and a much lower chance of losing that which is important to you.

For more information about Chapter 7 and Chapter 13 bankruptcy, discuss your case with a Fort Myers bankruptcy attorney today! Call us at (239) 970-6844 to schedule your free consultation.

Additional Bankruptcy Services – Call(239) 970-6844

Your Advocates is a law firm that is not about assigning each client a case number and pushing them through the legal procedures. Instead, we want to establish a genuine relationship with our clients and form a trusting bond. When we dedicate our time to learn who you are and what your goals through bankruptcy are, we stand a better chance of landing a successful bankruptcy, protecting your property, preventing the foreclosure of your home, and rebuilding your credit for your life after bankruptcy.

Contact our Fort Myers bankruptcy lawyers and set up a free consultation today!

Meet Our Attorneys

  • William M. Powell, Esq.
    William M. Powell, Esq. Partner
  • Rita M. Jackman
    Rita M. Jackman Partner
  • Adam J. Stevens
    Adam J. Stevens Partner
  • Richard M. Ricciardi, Jr.
    Richard M. Ricciardi, Jr. Partner
  • Jorge Santana
    Jorge Santana Partner
  • William M. Powell, Esq. Partner
    William M. Powell, Esq.

    Although William M. Powell, Esq. is well-versed in a variety of legal matters and case types, he has built a strong reputation through his focus on personal injury and medical malpractice cases. Your Advocates are proud to have him as a member of our law firm. He shares our passion for helping people in need and prioritizes our clients’ needs. Read More

  • Rita M. Jackman Partner
    Rita M. Jackman

    Ms. Jackman’s unwavering ambition and leadership has provided clients and will provide her future clients a star in this profession. Ms. Jackman is a relentless researcher and preparer who handles her client tasks with a tremendous amount of preparation and thought. Ms. Jackman was born and raised in Cape Coral, Florida which has worked to benefits her practice and the clients that she serves. Read More

  • Adam J. Stevens Partner
    Adam J. Stevens

    Mr. Stevens has found his niche by becoming a litigation attorney and understands that communication between an attorney and client are paramount to obtaining favorable results. Mr. Stevens is known for taking on any and all types of cases no matter how difficult or routine they may be. Mr. Stevens is known as an aggressive attorney, though at the same time understands that some cases require a more patience to ensure a favorable result. Mr. Stevens does not shy away from challenging legal issues and has litigated complex matters against municipalities, international unions, large banking institutions, and several insurance companies. Read More

  • Richard M. Ricciardi, Jr. Partner
    Richard M. Ricciardi, Jr.

    His experience in litigation provides him the ability to identify and isolate potential areas of conflict and effectively counsel clients around potential pitfalls. Mr. Ricciardi believes that proper estate planning, real estate counsel, and business planning are areas of importance to everyone. Protecting and dispensing clients' various interests, assets, and lifetime earnings can make the difference between a comfortable retirement and wasting thousands of dollars in assets and earnings. Specialized knowledge, experience and attention to detail in these areas is therefore critically important. Read More

  • Jorge Santana Partner
    Jorge Santana

    Attorney Jorge J. Santana, Jr. is an American born Cuban-American, fluent in both English and Spanish. Jorge left Miami to join us here in beautiful and peaceful Fort Myers, Florida in March 2015. He has an extreme love for the law, which is only overshadowed by his desire to help all those in need. His reputation for fairness, hard work and honesty is respected by all his clients and attorneys. Read More

How We're Different:

  • Dedicated & caring service
  • Over 70 years' combined experience
  • One-on-one attention
  • Customized strategies
  • Accessible - 24 hour response time
  • El abogado habla español