Melbourne Bankruptcy Lawyer 

Filing for Bankruptcy in Melbourne, FL 

Deciding what to do in the face of overwhelming debt can be difficult. You may be unsure of your rights and options. Our Melbourne bankruptcy lawyers have handled thousands of cases and are here to help determine the best plan of action to navigate the process.

Our Melbourne bankruptcy team can:

• Determine which type of bankruptcy filing is right for you (Chapter 7, 11, or 13)
• Put an end to creditor harassment with an automatic stay
• Protect your rights and inform you of your options after property repossession
• Inform you of any available options for alternatives to bankruptcy 

Make Repaying Your Loan More Affordable with a Loan Modification

If you have a loan that you are struggling to make payments on, a loan modification may provide the relief you need. Our Melbourne lawyers can work with you and your loan company to negotiate a new payment term that is more affordable, allowing you to catch up on your payments while still leaving you with enough money for necessities. To see if you qualify, give our office a call today.

Speak with a Foreclosure Defense Lawyer Now

Facing a foreclosure action is one of the most distressing potential repercussions of financial hardship. If you have found yourself in this situation and are in danger of losing your Melbourne home, know that compassionate help is available to you. 

Our Melbourne foreclosure attorneys are prepared to help you pursue the most favorable outcome possible via a range of options, including short sale, deficiency resolution, deed in lieu of foreclosure, debt consolidation, or mortgage modification. Foreclosure actions can move quickly, so you must act now—call our office today for a free consultation.

Are You Being Audited? Don’t Face the IRS Alone without a Tax Attorney

Tax matters can have serious and lasting implications on your finances and future. If the IRS has contacted you regarding back taxes or an impending audit, a Melbourne tax lawyer at Buchalter & Pelphrey can provide you with the zealous legal counsel you need to understand your options and move forward with the right course of action. 

We can answer all your questions regarding:

• Requirements in tax law
• Audit defense
• Tax appeals
• Installment agreements
• Offer in Compromise
• Wage garnishments
• Liens and levies 

Is Bankruptcy Right for Me?

Deciding whether to file for bankruptcy is a significant decision that can impact your financial future. Our Melbourne bankruptcy lawyers are here to help you evaluate your situation and determine if bankruptcy is the best option for you. Here are some key factors to consider:

Assess Your Financial Situation   
The first step is to evaluate your current financial status, including your debts, income, expenses, and assets. If your debts are overwhelming and you are unable to make minimum payments, bankruptcy might be a viable solution.

Types of Bankruptcy   
Understanding the different types of bankruptcy can help you decide which option is best suited to your needs:

• Chapter 7 Bankruptcy: Ideal for individuals with limited income and significant unsecured debts, this type involves liquidating non-exempt assets to pay off debts. 
• Chapter 13 Bankruptcy: Suitable for individuals with a steady income, this option allows you to create a repayment plan over three to five years, helping you keep your assets while paying off debts. 
• Chapter 11 Bankruptcy: Typically used by businesses, this chapter allows for reorganization and restructuring of debts but can also be used by individuals with substantial debts. 

Impact on Your Credit   
Filing for bankruptcy will impact your credit score and remain on your credit report for up to ten years. It’s important to weigh this consequence against the benefits of discharging or reorganizing your debts. Our Melbourne bankruptcy attorneys can help you understand how bankruptcy will affect your credit and what steps you can take to rebuild it afterward.

Alternatives to Bankruptcy   
Bankruptcy is not the only solution for dealing with overwhelming debt. Alternatives include debt consolidation, loan modification, and negotiating directly with creditors. Our team can help you explore these options and determine if one might be a better fit for your situation.

Protect Your Assets   
A key consideration in bankruptcy is protecting your assets. Our experienced bankruptcy lawyers in Melbourne can help you understand which assets are exempt from liquidation and how to best protect your property during the bankruptcy process.

The decision to file for bankruptcy should not be taken lightly. Consulting with a knowledgeable attorney can provide you with the information and guidance you need to make an informed decision. Our firm is here to offer the level of counsel you need and deserve.

Contact a Melbourne bankruptcy attorney today to talk about your options and next steps.

Contact Buchalter & Pelphrey Attorneys At Law for a Free Case Evaluation

A lot is on the line when you are considering filing for bankruptcy. When so much is at stake, you shouldn’t choose just any bankruptcy law firm in Melbourne. From the moment we opened our doors back in 1980, our sole focus has been to help individuals like you who have struggled with financial challenges to get back on their feet. Our goal is the same today as it was 40+ years ago. Let us help you during this difficult time and guide you to the best options. 

Request a complimentary case evaluation with a Melbourne bankruptcy attorney by calling (321) 320-6088 or reach out online for a quick response.