At Lacayo Law Firm, P.A. we know the value of protecting our families and our community. Founded by brothers Gilbert and Christian, who have spent more than a decade each in the legal field, we aim to provide balanced, complete representation on a wide variety of matters. Experience and attention to detail can make or break a legal case. At Lacayo Law Firm, P.A., we have both.
Being in debt can cause a lot of stress and unrest. Often times, it can feel like you’re drowning without an escape. Luckily, bankruptcy exists to help debtors get their lives back in order. There are two primary types of bankruptcy to help consumers. Call us today to set up an appointment and help see which one is best for you.
Being in debt can cause a lot of stress and unrest. Often times, it can feel like you’re drowning without an escape. Luckily, bankruptcy exists to help debtors get their lives back in order. There are two primary types of bankruptcy to help consumers. Call us today to set up an appointment and help see which one is best for you.
Our Practice Areas:
- Chapter 7 – Liquidation
The most common type of bankruptcy is a Chapter 7 liquidation. Under this chapter, you declare all of your debts, and if you meet a certain test, you are eligible to have your debt wiped clean. However, this may not be for everyone, especially if you have assets. Contact us today to determine which type of bankrupcy is best for you. - Chapter 13 – Reorganization
Another option is to pursue a bankruptcy under Chapter 13. A Chapter 13 bankruptcy allows you to reorganize all your debt into a plan and make monthly payments over the life of the plan. It allows for certain debts to be “crammed down” to the value of the collateral (reducing the debt from its current value).