Posts made in June 2018

Requirements for Chapter 7 Bankruptcy

chapter 13 lawyer orlando flAre you currently dealing with financial troubles? At The Law Offices of J. Craig Bourne, we strive to offer sound legal guidance to help you make the right choice for every situation. We believe that filing for bankruptcy doesn’t have to ruin your life, which is why we help you determine the option that is best for you. Chapter 7 bankruptcy is a common choice for individuals that can no longer afford their credit card payments and are being sued. Chapter 7 bankruptcies only take about three to six months and provides you with the availability to achieve a credit score of more than 700 within two years of being discharged from your debt.  Check below to see if you meet the requirements to file for a Chapter 7 bankruptcy.

  • If you have debt that totals more than half of your annual income, you may be eligible to file for a Chapter 7 bankruptcy.
  • If it would take five years or longer to pay off your debt, you could qualify for bankruptcy.
  • If your income is less than the median income for a household of similar size in Florida.
  • If your income is higher than the median income, but your fixed expenses, such as your mortgage, alimony, and healthcare leave you with less than $167 of disposable income a month, you may be eligible for bankruptcy.
  • When your debts are mostly from failed business ventures and investments.

There are many more situations that could qualify you for bankruptcy. Contact our chapter 13 lawyer in Orlando, FL today at (407) 894-6750 to learn more about your options.

Disadvantages of Florida Chapter 7 Filing

chapter 7 lawyer orlando flIn a previous blog post, we discussed the advantages of a Florida Chapter 7 bankruptcy in the event of a financial crisis. Although there are many positives to filing for bankruptcy if you are dealing with financial troubles, we encourage you to seek professional legal guidance from our Chapter 7 lawyer in Orlando, FL. The Law Offices of J. Craig Bourne can help you navigate through your financial issues and help you make the right choice for your situation. Below we discuss the disadvantages of Florida Chapter 7 filing.

Cons

  • If you have non-exempt property or you wish to keep your secured assets, such as your home, Chapter 7 bankruptcy is not for you. Your non-exempt property would be sold by the trustee. Additionally, if your secured assets are not covered entirely by your Florida bankruptcy exemptions, you would not be able to file for Chapter 7.
  • For individuals who are facing foreclosure on their home, Chapter 7 filing would only be a temporary solution to your problem.
  • Co-signors must file for bankruptcy protection if they want to eliminate the option of being stuck with your debt.
  • Once you file for Chapter 7 bankruptcy and become discharged of your debt, you must wait a minimum of eight years before you can file again.

If you are interested in learning more about our Chapter 7 bankruptcy services, contact us today at (407) 894-6750.

Advantages of Florida Chapter 7 Filing

chapter 7 lawyer orlando flOur Chapter 7 lawyer in Orlando, FL, believes financial troubles should not be managed alone. The Law Offices of J. Craig Bourne is here to be a trusted source for legal options during your time of financial stress. Our law firm understands your needs in regards to bankruptcy protection and strives to provide the correct choice that best fits your needs. Chapter 7 bankruptcies are a common choice for many who no longer can afford payments on credits cards or are being sued. Below we discuss the advantages of a Florida Chapter 7 filing.

Pros

  • You will have a fresh start to your financial life. Once the bankruptcy is cleared, you will only be responsible for paying secured assets, which is upon signing a “Reaffirmation Agreement.”
  • On the date of filing, you secure protection against creditor’s collection efforts and wage garnishments.
  • The new wages and property you earn after the stated bankruptcy file date is completely yours. You do not owe the creditors or bankruptcy court unless you have an inheritance.
  • To file for a Florida Chapter 7 bankruptcy, you do not have to have a minimum debt.
  • These cases are often considered short in length and last only three to six months.

If you are interested in learning more about our Chapter 7 bankruptcy services, contact us today at (407) 894-6750.

Establishing Ground Rules with Your Ex

family law attorney orlando flWhen dealing with divorce, it is essential to have a dedicated divorce and family law attorney in Orlando, FL that has you and your children’s best interest in mind. Navigating through your divorce can be a difficult situation, which is why J. Craig Bourne works hard to offer his superior legal representation and helpful advice through this huge change in life. To have a civil separation, both parties should accept the new way of life and establish healthy ground rules. Below we list a few main rules you should set with your ex after your divorce.

  1. Communication with your ex should be limited to only discuss matters dealing with legal situations or issues dealing with your children. Speaking to your ex via phone or written communication is vital to creating this new relationship. Conversations should be very impersonal and exact to help protect your new privacy and personal issues to avoid emotional interactions.
  2. Protect your children by not involving them in any communication between you and your ex. This is a must have a ground rule to help them healthily cope with the divorce.
  3. Speak to each other in only a respectful manner. If communication becomes negative or inappropriate, it is essential you end the discussion immediately to prove to your ex you will not tolerate that behavior.

If you are currently seeking a compassionate lawyer, look to The Law Offices of J. Craig Bourne to help you deal with your divorce. Contact us at (407) 894-6750 to schedule a consultation.

Helping Your Child Cope with Divorce: Part 2

divorce lawyer orlando flIn a previous post, we discussed the harsh reality of divorce and how it can affect everyone involved, including the parents and the children. Dealing with change can be a difficult situation to navigate, which is why your trusted divorce lawyer in Orlando, FL has provided helpful ways to help your child cope with your separation.

Don’t Fight in Front of Your Children

When it comes to your children, you should never fight with your ex-partner in front of them. Fighting about finances and the separation should be done when your children are nowhere near. This is important to follow to help your children healthily adjust to the divorce.

Always Smile When Dropping Your Children Off

Expressing a positive attitude when dropping your children off to spend time with your ex will help them feel more comfortable with the situation. Having a peaceful interaction with the other parent will make everything else less tense.

Let Your Children Express Their Disappointment

We have discussed that open communication is vital while coping with divorce, but encouraging your children to express their sincere feelings of disappointment will help them understand the reality of the situation. Dealing with all emotions is essential to coping.

If you are currently seeking a compassionate divorce lawyer in Orlando, FL, look to the Law Offices of J. Craig Bourne. Contact J. Craig Bourne today at (407) 894-6750 to schedule a free consultation.

Helping Your Child Cope with Divorce: Part 1

family law attorney orlando flDivorce tends to be a difficult situation for everyone involved, especially your children. When it comes to your little ones, it is important to help them cope with their feelings, whether that is sadness, confusion, or anger. Below we discuss a few helpful ways you can help your child deal with your divorce.

  • One of the most important ways you can help your children cope with the divorce is to let them know they are not to blame. Often children will begin blaming themselves for the actions of you and your ex. This is important to immediately stop those thoughts from coming out because they can ultimately lead to low self-esteem and hurtfulness.
  • Expressing how much you love your children through this difficult time will help them realize that everything will be ok in the end. It is essential that your children feel safe and loved during this huge change in their life.
  • It is important to communicate though this large Encourage your children to talk about their feelings regarding the divorce. This is an excellent opportunity to create solutions to their problems and feelings.

If you are currently looking for a dedicated family law attorney in Orlando, FL to help you with your family’s legal needs, contact us today at (407) 894-6750 to schedule a free consultation.