If you’re considering filing bankruptcy in Jacksonville, FL, you’ll need to understand the types, costs, as well as some helpful advice to finding good attorneys.

Am I Qualified for Bankruptcy?

Filing for bankruptcy in Jacksonville, Florida, is a legal process that can provide individuals and businesses with a fresh financial start when overwhelmed by debt. However, not everyone qualifies for bankruptcy, and eligibility criteria vary depending on the type of bankruptcy you wish to file for.

1. Chapter 7 Bankruptcy: To qualify for Chapter 7 bankruptcy, you must pass the means test, which evaluates your income and expenses. If your income is below the median income for your household size in Florida or if your disposable income after certain expenses is insufficient to pay off your debts, you may be eligible for Chapter 7.
2. Chapter 11 Bankruptcy: Chapter 11 is typically used by businesses, but individuals with substantial debts can also file under this chapter. There are no strict income limits, but you must have the means to propose a feasible repayment plan and restructure your debts.
3. Chapter 13 Bankruptcy: Chapter 13 is designed for individuals with a regular income who want to repay their debts over a period of three to five years. You must have a stable source of income to qualify for Chapter 13 and ensure you can meet the repayment plan’s requirements.
4. Other Requirements: Regardless of the chapter you choose, you must also complete credit counseling from an approved agency within six months before filing for bankruptcy. Additionally, you cannot have had a bankruptcy case dismissed for certain reasons within the previous 180 days.

It’s essential to consult with an experienced bankruptcy attorney in Jacksonville to assess your eligibility accurately and determine which chapter is most suitable for your financial situation.

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Do You Need a Lawyer to File For Bankruptcy in Jacksonville, FL?

While it is possible to file for bankruptcy without an attorney, it’s generally advisable to seek legal counsel when dealing with such a complex legal process. Here’s why:

1. Complexity: Bankruptcy law is intricate and has many nuances. An experienced attorney can help you navigate the legal system, ensuring you follow all the necessary procedures correctly.
2. Asset Protection: Lawyers can help protect your assets, ensuring you make the most of exemptions allowed under Florida law.
3. Debt Relief Options: A skilled attorney can assess your situation and recommend the most appropriate chapter to file under, potentially saving you money and time.
4. Debt Negotiation: Before filing for bankruptcy, an attorney may explore other debt relief options, such as debt negotiation or settlement, to avoid bankruptcy if possible.
5. Legal Representation: If you encounter challenges during your bankruptcy case, having a lawyer can be invaluable in representing your interests and resolving issues.

In Jacksonville, FL, bankruptcy attorneys are familiar with local court procedures and can guide you through the process efficiently, increasing your chances of a successful bankruptcy discharge.

Cost to File Chapter 7 Bankruptcy in Jacksonville, FL

Filing for Chapter 7 bankruptcy in Jacksonville, Florida, involves several costs, including court filing fees, credit counseling fees, and attorney fees.

1. Court Filing Fees: The court filing fee for Chapter 7 bankruptcy in Jacksonville was $360. However, these fees may change, so it’s essential to check the most current fee schedule.
2. Credit Counseling Fees: You are required to complete credit counseling before filing for bankruptcy. The cost for this counseling varies but typically ranges from $23 to $60. Some agencies may offer fee waivers or reduced fees based on your income.
3. Attorney Fees: Hiring a bankruptcy attorney in Jacksonville is strongly recommended, as they can guide you through the process and increase your chances of a successful outcome. Attorney fees vary depending on the complexity of your case and the attorney’s experience. In Jacksonville, you can expect to pay anywhere from $1,115 to $2,890 or more for legal representation in a Chapter 7 bankruptcy case.

It’s essential to discuss fees and payment options with potential bankruptcy attorneys to ensure you understand the costs involved. Additionally, consider the potential long-term financial benefits of filing for Chapter 7 bankruptcy, which can discharge most of your unsecured debts, providing you with a fresh start.

Cost to File Chapter 11 Bankruptcy in Jacksonville, FL

Chapter 11 bankruptcy is typically used by businesses and individuals with substantial debts who want to restructure their finances. The cost of filing for Chapter 11 bankruptcy in Jacksonville, Florida, can be significantly higher than other bankruptcy chapters due to its complexity and the legal and administrative requirements involved.

1. Court Filing Fees: The court filing fee for a Chapter 11 bankruptcy case in Jacksonville is $1,908. However, court fees can change, so it’s crucial to verify the current fees with the bankruptcy court.
2. Attorney Fees: Given the complexity of Chapter 11 cases, attorney fees for this type of bankruptcy can vary widely. The cost will depend on factors such as the size and complexity of your estate, the extent of creditor involvement, and the attorney’s experience. It’s not uncommon for Chapter 11 bankruptcy cases to cost tens of thousands of dollars or more in legal fees.
3. Other Costs: Chapter 11 bankruptcy may involve additional costs, such as fees for financial advisors, accountants, and other professionals who assist in the restructuring process.
4. Ongoing Fees: Chapter 11 cases can be lengthy, and there are ongoing administrative fees associated with maintaining the case. It’s essential to budget for these fees throughout the bankruptcy process.

Due to the substantial costs and complexity involved in Chapter 11 bankruptcy, it’s crucial to consult with an experienced bankruptcy attorney in Jacksonville who can provide a detailed estimate of the fees specific to your case and help you assess whether Chapter 11 is the right choice for your financial situation.

Cost to File Chapter 13 Bankruptcy in Jacksonville, FL

Chapter 13 bankruptcy in Jacksonville, Florida, is a debt repayment plan that allows individuals to reorganize their finances and repay a portion of their debts over a period of three to five years. The costs associated with filing for Chapter 13 bankruptcy include:

1. Court Filing Fees: The court filing fee for a Chapter 13 bankruptcy case in Jacksonville is $360. However, court fees can change, so it’s essential to verify the current fees with the bankruptcy court.
2. Attorney Fees: It is highly recommended to hire an experienced bankruptcy attorney to navigate the Chapter 13 process successfully. Attorney fees for Chapter 13 cases in Jacksonville can vary depending on the complexity of your case and the attorney’s experience. On average, you can expect to pay between $2,950 and $4,500 in attorney fees for a Chapter 13 case.
3. Credit Counseling Fees: Before filing for Chapter 13 bankruptcy, you must complete credit counseling, which typically costs between $25 and $60. Some agencies may offer fee waivers or reduced fees based on your income.
4. Chapter 13 Trustee Fees: In a Chapter 13 case, a bankruptcy trustee is appointed to oversee your repayment plan. The trustee is entitled to a percentage of the payments you make to creditors, which is typically around 10% but can vary.

It’s important to discuss all potential fees and payment options with your bankruptcy attorney before proceeding with a Chapter 13 case. While there are costs associated with filing for Chapter 13 bankruptcy, it can provide significant relief by allowing you to restructure your debts and establish a manageable repayment plan tailored to your financial situation.

Reliable Bankruptcy Attorneys in Jacksonville, FL

Below is a list of reputable bankruptcy attorneys in Jacksonville, FL. They can help you with both personal and business bankruptcy information.

Higginbotham Bankruptcy Law Firm

5651 Colcord Ave, Jacksonville, FL 32211, United States

Parker and Dufresne PA

8777 San Jose Blvd Suite 301, Jacksonville, FL 32217, United States

Adam Law Group, P.A.

2258 Riverside Ave Suite 208, Jacksonville, FL 32204, United States

Law Offices of Carol M. Galloway, P.A.

301 W Bay St suite 1451-52, Jacksonville, FL 32202, United States

Jacksonville, FL Zip Codes We Proudly Serve:

32073, 32202, 32204, 32205, 32206, 32207, 32208, 32209, 32210, 32211, 32212, 32216, 32217, 32218, 32219, 32220, 32221, 32222, 32223, 32224

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