The attorneys and staff at Adams & Associates, P.A. are committed to providing the highest level of service and representation. We believe in building a personal attorney and client relationship with all of our clients and provide top-notch service at reasonable prices. It would be our pleasure to provide you with a confidential, complimentary consultation where we will analyze your individual situation and offer suggestions to remedy any problems. We are customer service oriented, experienced and strive to provide exemplary service at affordable fees. Please fill out our free online case evaluation form, or call us toll free at 1-888-724-9860 for an appointment. Once you provide us with a few details about your individual situation, a bankruptcy attorney will contact you to arrange a free, no obligation evaluation and all information will remain confidential. Take control of your financial situation today!
If you are experiencing financial challenges, you are not alone. Last year, over 2 million people filed for bankruptcy. The Law Offices of Adams & Associates, P.A. is here to help you through this difficult time. The attorneys and processors at our four convenient South Florida locations are experts in consumer and business bankruptcy matters and can assist you with Chapter 7,Chapter 13 and Chapter 11 cases.
What is the difference between Chapter 7 and Chapter 13 Bankruptcy?
Various factors determine whether you should opt for Chapter 7 or Chapter 13.
Chapter 7 Bankruptcy
With a Chapter 7 Bankruptcy you liquidate your assets to pay down your debt. What this means is that you literally sell your property in order to reduce your debt as much as possible. However this process does not leave you without any assets, rather you should be left with enough property to financially start over again.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a reorganization of a person’s debt and the debtor is allowed to pay back the debt over three to five years. The professionals at Adams & Associates, P.A. are also experts at handling foreclosure proceedings. In some cases, we are able to secure new payment plans or advise on a sale of the property and find more advantageous solutions before foreclosure proceedings are necessary. In many situations, a Chapter 13 bankruptcy actually prevents the home from being foreclosed upon.
When homeowners receive summons and complaints on their home, many don’t realize they can defend against the foreclosure proceeding. Defending yourself does not always mean that you do not have to repay the mortgage, but if you have equity in your home it may be protected. Regardless of the situation, you should act quickly because you may only have 20 days to respond to the summons.
Adams & Associates, P.A. also processes short sale transactions. A short sale allows homeowners to relinquish their home to the lender so they can sell the home for less than is owed. The benefits of this type of transaction is that the homeowner receives a lesser penalty than if the home was foreclosed on and the lender is able to sell the home and recover a portion of the past due balance.
In addition, Adams & Associates, P.A. represents clients with loan modifications. We are well-versed in all of the latest loan programs and can assist you in finding a program that allows you to modify your loan that will help you to avoid a foreclosure. With a Loan Modification program, the lender gives you a fresh start and adds any delinquent interest, taxes and insurance payments to the unpaid balance. If you qualify, you may be able to get a reduced interest rate and/or extend the repayment of past due amounts.
In each situation, whether you are facing a bankruptcy, foreclosure or a loan modification, time is of the essence and you need to act with a sense of urgency. We will work together to strategize a plan of action, create a snapshot of your current financial situation and contact your lenders or creditors to negotiate on your behalf.
If you are facing financial difficulties, please understand that you are not alone. We realize that this may be a stressful period in your life. We are empathetic and may be able to provide alternative solutions.
A By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Richard J. Adams is licensed to practice law in the State of Florida.
We are a debt relief agency. We help people file for bankruptcy relief pursuant to the United States Bankruptcy Code.