What is Bankruptcy?

Filing a bankruptcy is designed to give you a fresh start financially.  In their wisdom, the founding forefathers of our country included bankruptcy in the Constitution of the United States. That’s how important they felt it was to have a legal method of helping individuals and business work through a time of misfortune. They wanted the law to give every deserving person a second chance at financial and business life, rather than spending the rest of their years dealing with the crippling burden of unmanageable debt. Bankruptcy is the legal method of accomplishing this goal.

Our Supreme Court explained in one of its decisions why anyone should consider the benefits of a bankruptcy:

It gives the honest but unfortunate debtor… a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.

Local Loan Company vs. Hunt,  294 U.S. 234,244 (1934).

Long before the United States Congress adopted a system of bankruptcy laws for our country, the Bible established a system (similar to our modern system of bankruptcy) for forgiveness of debts that could not be repaid after seven years:

Every seven years you must announce, "The LORD says loans do not need to be paid back."  Then if you have loaned money to another Israelite, you can no longer ask for payment.  (Contemporary English Version)
 
At the end of every seventh year you must cancel your debts.  This is how it must be done.  Creditors must cancel the loans they have made to their fellow Israelites.  They must not demand payment from their neighbors or relatives, for the LORD's time of release has arrived.  (New Living Translation)

Deuteronomy 15:1-2.

So the Bible, the United States Supreme Court, and the United States Congress all affirm that debt forgiveness and debt relief are moral, practical and reasonable options under the right circumstances.

Take Action to Improve Your Financial Future: 

Contact Our Orlando Florida Bankruptcy Attorneys

Do you need a financial fresh start? Do you need protection from debtors who are making your life a misery?  Here are some signs that you may need to consider a Chapter 7 or Chapter 13 Orlando Florida bankruptcy lawyer to help erase debts that are no longer manageable:

• You no longer want to hear a telephone ring.  Creditors are calling you at home and work all hours of the day to harass you

• A judgment or judgments have been entered against you by a court of law

• Your money has been garnished from your paycheck, or from a bank account

• Your mail box is filling with default letters, past due notices, and demands for payment

• Your Florida house is in foreclosure

Let Us Make It Easy To Get a Fresh Start. Call Today For a Free Consultation! Contact Orlando Bankruptcy Lawyer: Jeff Badgley

As an experienced Orlando bankruptcy attorney, Jeff Badgley has over 20 years experience in helping Orlando and Central Florida residents with their legal matters. If you live in the Orlando, Altamonte Springs, Winter Springs, Winter Haven, Windermere, Ocoee, Winter Garden, Kissimmee, Clermont, Deltona, Oviedo, Winter Park or the Central Florida area and have any questions regarding an Orlando bankruptcy concern contact or call us at (866) 977-1544  for a FREE CONSULTATION.