Our Jacksonville bankruptcy lawyers know the landscape and will consult with clients every step of the way on Chapter 11, Chapter 7, and Chapter 13 filings and cases. We have the experience and skill to navigate the most complex of business bankruptcy and individual bankruptcy cases and work hard to ensure the best possible outcome for our clients.
Our knowledgeable team of Business Law attorneys assist Jacksonville businesses with all aspects of transactions and disputes. From entrepreneurs to large corporations, we aggressively represent our clients and protect their rights.
Providing comprehensive real estate law solutions to the Jacksonville community has always been a top priority for our firm. We handle all aspects of commercial real estate transactions and our seasoned team of attorneys strive to get results.
Frequently Asked Questions
Our Bankruptcy Services
Jacksonville Bankruptcy Lawyers – Business Chapter 11
Through a reorganization plan, our Jacksonville bankruptcy lawyers can help you restructure your debt to save your business. In many cases, a reorganization plan can lower interest rates, reduce principal, and extend payment terms. Under Chapter 11, a business can restructure its finances through a plan of reorganization approved by the Bankruptcy Court. Our Jacksonville bankruptcy lawyers focus on helping businesses successfully formulate and execute these plans.With so many protections available, many debtors ask our Jacksonville bankruptcy lawyers how they will get creditors to agree to reduce their debts and approve a plan of reorganization. Simply put, it’s usually in the best interest of the creditors.
Jacksonville Bankruptcy Lawyers – Chapter 7
A chapter 7 bankruptcy is the most common type of bankruptcy filed by individuals seeking relief from overwhelming debt. It is often referred to as a “liquidation” proceeding or a “fresh start” bankruptcy. The primary benefit offered by chapter 7 bankruptcy is that an individual’s debts can be completely discharged or wiped-out. The Chapter 7 discharge applies to most if not all an individual or business’s unsecured debt, including credit cards, medical bills, and payday loans.
The Jacksonville bankruptcy lawyers at Mearkle | Trueblood | Adam stand ready to assist you in filing for protection under chapter 7.
Once your Chapter 7 Petition is filed by our Jacksonville bankruptcy lawyers, wage garnishments and harassing phone calls will immediately stop.
Jacksonville Bankruptcy Lawyers – Personal Chapter 11 & Chapter 13
Perhaps the greatest advantage for an individual debtor in a Chapter 11 cases is the ability for our Jacksonville bankruptcy lawyers to cramdown the principal and interest on property which is not the debtor’s primary place of residence. A cramdown can be applied to rental, commercial, and personal property to compel the lender to reduce the principal balance of the loan to the current fair market value of the property and reduce the interest rate to the prevailing industry rate. This option is extremely valuable for individuals holding underwater second homes (especially rental properties, like condominiums)
Through a Chapter 13 bankruptcy, our Jacksonville bankruptcy lawyers attempt to stop lenders from taking your home through foreclosure. You can also keep your hard-earned assets and pay debts over time in smaller amounts.