Gainesville, FL -- (SBWIRE) -- 12/12/2012 -- The number of debtors who seek advice from a Gainesville bankruptcy lawyer at the Gainesville Bankruptcy Help Law Offices has significantly increased during the past few years. The effects of the economic crisis are still powerful at the individual level, and this explains why so many people end up choosing bankruptcy as a last resort solution to their financial problems. However, the severity of people?s financial problems is not the only explanatory factor. The truth is that, during the recent years, people have become better informed on their legal rights and the advantages filing for bankruptcy brings. Furthermore, legal help has become more available and reachable for Gainesville citizens than it was 5 years ago. Now, for an affordable fee, people can receive legal help from an experienced bankruptcy attorney ? Gainesville FL offers many options in this regard.
Threatened by creditors, unable to pay their huge debts, and anticipating foreclosure, many Gainesville debtors have turned to a bankruptcy lawyer, hoping they can receive financial relief. Those that had debts they could not pay by selling all their property chose chapter 7 bankruptcy, had all their debts wiped out, but also lost most of their property. However, most of the clients of bankruptcy attorneys preferred to file for chapter 13 bankruptcy and have the court decide on a new, more affordable debt payment plan.
Bankruptcy lawyers say that chapter 13 bankruptcy is a very attractive solution both for people who are unable to pay all their debts, but want to keep their property, and for creditors, who can receive at least a part of the debt. If the debtor manages to prove he or she has no possibilities to pay all the debt owed, the court will set up a new payment plan, with smaller monthly payments. Unlike chapter 7 bankruptcy, that liquidates all debts, chapter 13 eliminates only a part of the debt. Through chapter 13 bankruptcy, debtors keep their property, and creditors get some of their money back. With the help of a Gainesville bankruptcy attorney, debtors can enjoy a satisfactory court settlement and start anew.
Because bankruptcy proceedings are very complex, debtors need legal advice from an experienced bankruptcy attorney ? Gainesville lawyers not only represent their clients in court, but also help them prepare all the necessary financial documents. Many clients of bankruptcy lawyers are not sure whether they qualify for bankruptcy and do not know what the legal proceedings of filing for bankruptcy imply. To answer the needs of Gainesville citizens, most bankruptcy lawyers offer free initial consultations that help clients make an informed decision.
As the number of citizens seeking legal advice has increased, so has the number of bankruptcy attorneys. Because legal services are more affordable and accessible, the attorneys at Gainesville Bankruptcy Help expect to have even more clients in the near future.
About Gainesville Bankruptcy Help
Gainesville Bankruptcy Help offers legal services to citizens who face severe financial problems and are considering bankruptcy. When looking for an experienced bankruptcy lawyer, Gainesville residents can contact the law office at http://www.gainesvillebankruptcyhelp.com/.
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