Bankruptcy Defense Protection
Bankruptcy As A Beneficial Solution
Filling for bankruptcy can act as a beneficial solution for individuals, families ad businesses that are suffering from overwhelming debt. Nonetheless, filling for bankruptcy is also a significant financial decision, which requires many considerations.
Lucky For You, We're Experts
Rex Russo Law focuses on helping Miami, FL residents explore their options for debt relief and assist in identifying the decisions that will provide them with the best results.
Don't let debt bring you down. Contact us today to learn how we can guide you to safer financial future.
FAQ About Bankruptcy
Who can file for bankruptcy?
Bankruptcy can be filed by an individual or a corporation. In certain instances, it is more beneficial for one spouse to file and not the other. Rex Russo Law can help you in making the right decision.
Can I file bankruptcy more than once?
You may file more than once. However you must make sure that you are eligible once again. Your eligibility depends on what chapter your prior case was filed under, and the file type of your second case. We can easily help you identify your filing eligibility. Simply fill out the form to the right.
Are there debt limits for filing bankruptcy?
Yes. The limits are dependent on your level of debt. Those with high debt may not be eligible to file Chapter 13 bankruptcy, but may be eligible under Chapter 11. According to 11 U.S.C. § 109, if your total unsecured debts are not less than $360,475.00 or if your total secured debts are not less than $1,081,400.00, you are not eligible to file under Chapter 13. These amounts are increased every few years.
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