Best Bankruptcy Lawyers Deerfield Beach, FL

Deerfield Beach, FL Bankruptcy FAQs

• Where do I file for bankruptcy in Deerfield Beach, Florida?

  If you live in Deerfield Beach, you can file for bankruptcy in the United States Bankruptcy Court, Southern District of Florida, at its Ft. Lauderdale Division. The address is 299 East Broward Blvd., Room 112. You can also contact them at (954) 769-5700.

• Where can I get bankruptcy forms in Deerfield Beach, Florida?

  You can get bankruptcy forms in Deerfield Beach from this link: https://www.flsb.uscourts.gov/forms/petition-packages.

• Will you be able to get rid of all your debts when you file bankruptcy in Deerfield Beach?

  In Deerfield Beach, the court will not waive all your debts after you file for bankruptcy. Most bankruptcy cases also do not discharge priority debts related to child support, taxes, and income, and it is hard to get rid of priority debts and student loans. When it comes to student loans, the law will only waive them if you can prove that you are in "undue hardship."

• Do bankruptcies stay on your credit report in Deerfield Beach?

  Yes, when you file for bankruptcy in Deerfield Beach, this will be recorded on your credit report. This should reflect on your credit report for at least seven years, depending on the type of bankruptcy case you filed. Filing for Chapter 7 bankruptcy may even remain on your credit report for up to 10 years.

• Can filing for bankruptcy in Deerfield Beach prevent your home from being foreclosed on?

  Yes, filing for bankruptcy in Deerfield Beach can stop a foreclosure and can help if you are facing an impending foreclosure proceeding. An "automatic stay" order goes into effect when you file for bankruptcy. This order temporarily holds collection actions such as bank levies, garnishments, repossessions, and even foreclosures. However, this is only temporary and allows you to buy extra time to determine how to pay and potentially keep your home.

• Can student loans be discharged when you file for bankruptcy in Deerfield Beach?

  Certain cases allow student loans to be discharged when filing bankruptcy in Deerfield Beach. However, you need to prove that continuing the student loan payments will worsen your financial situation for the court to consider the discharge. You need to take "undue hardship" exception tests and analyses as determined by the Court to evaluate your true financial situation. You may need to take the Brunner Test, which will look at your current financial situation and determine whether or not you would be able to maintain a minimal standard of living if you repaid your student loan in full. The court may also require a Totality of Circumstances Test, although this test is less common.

• What are the documents you need to prepare if you are planning to file for bankruptcy in Deerfield Beach?

  There are exact documentation requirements you need to gather if you are planning to file for bankruptcy in Deerfield Beach. You need to disclose your financial information which will require the following documents:

  • Tax returns or tax transcripts for the last two years for a Chapter 7 bankruptcy and for the last four years for a Chapter 13 case
  • Valid photo identification, such as a driver’s license and proof of your social security number
  • Proof of real estate fair market value and mortgage statement
  • Income documentation
  • Vehicle registration, proof of value, and insurance
  • Retirement and bank account statements
  • Additional documents