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Rodney
L. Dillon, P.A.,
in Sarasota, FL offers legal services in Bankruptcy Law.
The legal method for a debtor to "discharge" or relieve
debt. Bankruptcy is a way for people or a business who owe more
money than they can pay to either work out a plan to repay the
money over time or to have their debt wiped out. While no debtor
is guaranteed a total discharge, most debtors who file for bankruptcy
are given such relief. One of the primary purposes of the bankruptcy
act is to relieve the honest debtor from the weight of oppressive
indebtedness and to provide the debtor with a fresh start. Title
11 of the United States Code regulates the filing of a bankruptcy.
If the debtor initiates the bankruptcy it is called a voluntary
bankruptcy. If the creditor initiates the bankruptcy it is called
an involuntary bankruptcy. In an involuntary bankruptcy the
debtor has the opportunity to contest the petition. While the
debtor is either working out a plan or the trustee is gathering
the available assets to sell, the Bankruptcy Code provides that
creditors must stop all collection efforts against the debtor.
The Bankruptcy Code regulates what chapter you must file under,
what bills can be eliminated, how long payments may be extended,
what possessions you may keep, and all other details concerning
the bankruptcy.
If you or your family are in need of legal assistance, please
contact
our office.
Note:
The information contained in this web site is intended to convey
general information. It should not be construed as legal advice
or opinion. It is not an offer to represent you, nor is it intended
to create an attorney-client relationship. Any email sent via
the Internet using email addresses listed in this web site would
not be confidential and would not create an attorney-client
relationship.
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