Bankruptcy Firm Sets Itself Apart with Over 25 Years of Experience in Tallahassee Area
Legal team concentrates in bankruptcy filings and debt relief in Leon, Jefferson and Taylor counties
Every year, Americans are sometimes forced into bankruptcy due to normal circumstances and traumatic events. Long-term unemployment, the high cost of medical bills, or a natural disaster can mean immediate financial ruin. Angela M. Ball, P.A. is committed to preserving your rights, your assets and your dignity. Do not trust your future to a firm that does not specialize or lawyers who do not match our knowledge and experience.
We are adept at representing clients in all types of bankruptcy court proceedings
Debtors should be aware that bankruptcy comes in several forms. There may be options short of full liquidation that better serve your situation. At Angela M. Ball, P.A., we work with you to decide on the best means to solve your debt problems and clear the way to put you back on a firm financial footing. The three principal types of filings are:
- Chapter 7 — This type of bankruptcy — also known as liquidation — involves the sale of some of your property and the distribution of the proceeds to your creditors and other claim holders, after which you considered debt-free. It is important to note that Chapter 7 eligibility is subject to a means test, based on the size of the debtor’s monthly income over the previous five years. When you file under Chapter 7, you may be able to keep certain exempt property. Working with the court-appointed trustee, we will help determine what can be kept and what must be liquidated.
- Chapter 13 — Individual debtors with regular income may use this type of bankruptcy to adjust their debts without filing for liquidation. Chapter 13 gives individual debtors an opportunity to save their homes from foreclosure and to keep other property, allowing them to catch up past-due payments through a repayment plan. Also known as a wage earner’s plan, Chapter 13 allows individuals to reschedule payments of certain secured debts over a longer period of time. If this is the filing of choice, we will make sure you qualify and that your earnings are within the parameters allowed by the court. We will also help monitor the progress and timing of your debt payments.
- Chapter 11 — This is a procedure by which a business or corporation can propose a plan of reorganization to keep its business alive and to pay creditors over time. A Chapter 11 petition may be voluntary (filed by the debtor company) or involuntary (filed by creditors seeking to ward off the debtor’s default). A committee of creditors must approve the Chapter 11 plan, which may provide for the business to be run by a trustee or by the debtor in possession until the payments are complete. The advantage of Chapter 11 is that it allows a distressed business to survive and reemerge healthy once the process is complete. We help you decide if Chapter 11 is right for your business, we’ll be intricately involved every step of the way.
At Angela M. Ball, P.A., we will work one-on-one with you and provide advice on the best options in bankruptcy.
Providing debt analysis and negotiating power for those in financial straits
Angela M. Ball, P.A. believes in providing the most expansive debt-relief services to our clients, including:
- In-depth debt analysis, so you know who your creditors are and what claims they are making. We will find and contact known creditors to ensure that your bankruptcy filing will be complete.
- Negotiation of debt-relief options so the amount you pay or the plan adopted is the best deal for you.
We’ll also explore out-of-court agreements with creditors or debt counseling services as an alternative to a bankruptcy filing.
Contact a knowledgeable, committed bankruptcy attorney in northern Florida
Take advantage of our 30 years’ experience, our knowledge of the bankruptcy court and our commitment to resolving your financial distress. Please call Angela M. Ball, P.A. at 850-558-6171 or contact us online. We have offices in Tallahassee and Perry.