Fort Walton Beach Bankruptcy Lawyers

Bankruptcy Lawyer for the FWB Area

There are times when life is difficult. There is just no getting around it that there may come a time when you are in financial straits and need to find a way out of it efficiently and quickly. You may never have considered bankruptcy up until now, but it is a very viable option in today’s world. Before you make a move, you will want to sit down and talk with a Fort Walton Beach bankruptcy lawyer. At Anchors Smith Grimsley, we understand that it is a difficult decision to declare bankruptcy. This may be something you have thought long and hard about, sought out other alternatives, but now believe it is the only way to obtain relief from your debts.

Contact our Experienced FWB Bankruptcy Attorney:

Shiraz A. Hosein | 850-863-4064

Creditor’s often make impossible demands, or your lifestyle may have changed and your financial situation with it. You may ask yourself are there any good bankruptcy lawyers near me. At ASG, our bankruptcy lawyers are some of the most experienced around. Because bankruptcy laws are especially complicated, do not settle for anything less than an experienced Fort Walton Beach bankruptcy attorney.

What Are the Different Types of Bankruptcies?

They are:

  • Chapter 11 reorganizations (including personal Chapter 11 cases).

  • Chapter 7 liquidations.

  • Filing of creditor’s claims.

  • 2004 debtor’s examination.

  • Out of court workouts and restructurings.

  • Debt counseling.

  • Assignments for benefits of creditors.

  • Prosecution and defense of bankruptcy related litigation, including those involved in fraudulent conveyances, preferences, discharge ability issues, asset sales and the automatic stay.

Filing for bankruptcy is a difficult personal decision. Unlike other decisions in life that require the services of a FWB lawyer or attorney, coming to the decision to declare bankruptcy is often looked on as a failure on your part. We all know this is not the case. Know that many people from all walks of life can have trouble making payments on loans or credit cards. Plenty of people just like you are faced with paying bills or buying food for their family or have built up incredible debt and now cannot pay it back. Through loss of a job, divorce, becoming widowed, or health issues, life can throw us curve balls. Businesses fail, weather can impact one’s livelihood, medical bills can come out of nowhere and suddenly you cannot make ends meet anymore. If you are considering bankruptcy, it is not the end of the line, and our experienced Fort Walton Beach bankruptcy lawyers can help. As the cost of living continues to increase, the price of everything seems to go up, from monthly bills, to gas for your car, clothes for your children, as well as the increase in the price of health insurance. The economy is still a ways off from being a boon for everyone. You may have been counting on selling a house or business, but there are no buyers. The death of a loved one, illness, foreclosures, tax problems, garnishments, unemployment, and lawsuits can all wreak havoc on your life. At Anchors Smith Grimsley, our Fort Walton Beach bankruptcy attorneys understand everything you are going through. Hardworking folks are struggling every day. No one wants to come home to endless phone calls from creditors or threatening letters in the mail. Put your worry to rest. Bankruptcy is not the worst thing that can happen to you, and our attorneys are here to make things go more smoothly. We will sit down and discuss your current situation, then offer you a solution. Just a quick phone call to one of our FWB bankruptcy lawyers and you can be on your way to a brighter future.

Fort Walton Beach Bankruptcy Attorneys

Is your house payment draining you because you are upside down on your mortgage? Have you been burdened with medical costs from an unexpected illness or disease? We are also not strangers to people troubled by IRS issues or who have student loan problems. If you have a business and are looking to reorganize your debts to weather the down months when tourism is scant, this is familiar territory for us. Our Fort Walton Beach bankruptcy lawyers work with all professions affected by the seasons, including fishermen and boat captains who want to gain financial relief from the cyclical income that has turned into a difficulty. Our bankruptcy attorneys proudly serve the FWB area and all of Okaloosa County, and we look forward to proudly serving your needs as well.

Results of a bankruptcy include:

  • Eliminate the legal obligation to pay most or all of your debts. This is called a “discharge” of debts.”

  • Stop a foreclosure on your home. It also gives you the opportunity to catch up on missed payments.

  • Prevent your car from getting repossessed.

  • Stop wage garnishments.

  • Stop debt collection harassment.

  • Restore utility services, such as electric or water.

  • If fraud is an issue, challenge the validity of creditors.

File under one of these forms of bankruptcy:

  • Chapter 7 is known as ‘straight’ bankruptcy or ‘liquidation’. This requires that a debtor give up property which exceeds certain limits called ‘exemptions.’ The property then can be sold to satisfy creditors.

  • Chapter 11 is used by businesses and individuals whose debt is very large. This type of bankruptcy is known as ‘reorganization.’

  • Chapter 12 is specifically for family farmers and fishermen.

  • Chapter 13 is known as ‘debt adjustment.’ This is where you can file a plan in order to pay debts based on your current income.

Fort Walton Beach Bankruptcy Attorneys

In Fort Walton Beach, individuals and businesses often face financial challenges that require legal guidance. Our seasoned bankruptcy lawyers concentrate on a spectrum of bankruptcy services, offering comprehensive support to navigate complex financial situations. Whether it's Chapter 11 Reorganizations, Chapter 13 proceedings, or Chapter 7 Liquidations, our firm is dedicated to providing diligent and strategic legal representation to guide you through these challenging times.

  • Our experience spans a multitude of bankruptcy-related matters, encompassing various facets of the legal process:

    Chapter 11 Reorganizations: Our Fort Walton Beach bankruptcy attorneys excel in handling Chapter 11 cases, including personal Chapter 11 filings, employing strategic approaches to reorganize debts and create viable financial solutions.

    Chapter 13 Proceedings: Anchor Smith Grimsley provides tailored support in Chapter 13 cases, assisting clients in creating manageable repayment plans to resolve debt issues effectively.

    Chapter 7 Liquidations: Our firm navigates Chapter 7 proceedings efficiently, ensuring a streamlined liquidation process for individuals and businesses seeking debt relief.

    Creditor’s Claims and 2004 Debtor’s Examination: We offer comprehensive assistance in filing creditor's claims and conducting thorough debtor examinations to protect your financial interests.

    Litigation: Anchor Smith Grimsley is experienced in prosecuting and defending bankruptcy-related litigation in FWB, including matters involving preferences, fraudulent conveyances, discharge ability issues, asset sales, and automatic stay violations.

  • Navigating bankruptcy proceedings requires more than legal knowledge—it demands strategic thinking and a deep understanding of financial dynamics. Our attorneys act not only as legal advisors but also as trusted advocates for our clients. We recognize the impact that financial distress can have on your life or business. Therefore, our role extends beyond courtroom advocacy; we offer compassionate guidance, exploring alternatives, and diligently pursuing resolutions that align with your best interests.

  • Fort Walton Beach’s dynamic economic environment necessitates adept legal support, especially in bankruptcy matters. The intricate web of bankruptcy laws and regulations can be overwhelming without proficient legal guidance. Our FWB attorneys possess the acumen and experience to navigate these complexities, ensuring compliance and protecting your rights throughout the bankruptcy process.

Your Path to Financial Recovery Starts Here

Whether you seek debt counseling, representation in creditors’ meetings, or relief from automatic stay, our FWB bankruptcy lawyers are here to help. Our commitment to assisting clients in securing a stable financial future underscore the importance of proper legal representation in challenging times. Contact our firm today to embark on your journey towards financial recovery.

Most people will be filing under either chapter 7 or chapter 13. You can file for bankruptcy as an individual or as a married couple filing jointly. Our Fort Walton Beach bankruptcy attorneys will be able to explain it all to you. Because there are options and because they are specific to circumstances, trying to wade through the vast maze of bankruptcy information is nearly impossible. Don’t put yourself through any more stress. At Anchors Smith Grimsley, we handle the tough issues for you. There are many things to consider when filing for bankruptcy. Our clients ask us if they will be discriminated against in the future, or whether married people can file individually. They want to know if student loans can be erased, how credit standing may be affected, and whether they can file for bankruptcy while going through a divorce. At ASG, we have helped numerous clients with their financial situations over the years. Contact our FWB bankruptcy lawyers for answers to all these questions and more. We also serve Destin and Miramar Beach, Crestview, and surrounding areas.