Joseph Kurt Kaple Bankruptcy Law Blog on Lawyers.com
You Don't Have to be flat broke to File Bankruptcy
Tuesday, May 12, 2009 by Joseph Kurt Kaple
The Bankruptcy Code of 1978 substituted the term "bankrupt" for "debtor" to help remove the social stigma involved in filing bankruptcy. Experienced Miami bankruptcy lawyers at The Kaple Law Firm, explain why this perception is wrong.
When filing bankruptcy in Miami, you do not have to be flat broke. With certain exceptions, the only requirement is that you cannot pay your bills. Congress has permitted exemptions that allow debtors to keep a certain amount of property, among other assets during this process.
Typically, this perception that you have to be flat broke to file delays debtors options. That is why is very important to speak with an experienced bankruptcy lawyer in Fort Lauderdale early on in the process.
The Kaple Law Firm
18851 N.E. 29th Avenue, Suite 700
Aventura, FL 33180
Phone: 305-749-3158
Toll Free: 866-675-5110
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