Talk Directly To A Lawyer Today 561-934-9582

561-934-9582

Helping Clients Achieve Financial Freedom

Deerfield Beach Bankruptcy Attorney

Last updated on May 15, 2025

Bankruptcy is a process in which consumers and businesses can eliminate or adjust some or all of their debts under the protection of the federal bankruptcy court and free from the constant harassment of their creditors. Bankruptcy can help you make a fresh start or put your sinking business back on a course from the red to the black. The two major forms of bankruptcy for individual consumers are Chapter 7 and Chapter 13.

At the Law Office of Adam I. Skolnik, P.A., bankruptcy attorney Adam Skolnik is ready to discuss the forms of debt relief that would be best for your business or personal finances. From the Deerfield Beach law office, attorney Adam Skolnik helps clients throughout Tri-County Florida. The bankruptcy and debt relief cases the firm handles most frequently include:

Don’t hesitate to contact the firm to learn more about what solution is best for your situation. With a free consultation our team can get the information needed to provide you with clear options to move forward with solutions.

Get A Fresh Start With Chapter 7

In a Chapter 7 bankruptcy, all of your unsecured debt – credit cards, medical bills and personal loans – can be eliminated or discharged by the bankruptcy court. Before you can get a discharge of debt, the bankruptcy trustee has the option of selling your nonexempt property and putting the proceeds toward your debt. Thanks to Florida’s generous set of property exemptions, bankruptcy attorney Adam Skolnik can help you exempt most or all of your property from sale. Most, if not all, of the Chapter 7 bankruptcies filed are “no-asset” cases. Adam can also advise you on safe, legal ways to protect your assets from creditors, including reducing the equity in your secured property so that it is exempt from bankruptcy or not attractive to the bankruptcy trustee.

Bankruptcy filers qualify for Chapter 7 if their household income is below the average in Florida. If your income is above the state median, attorney Adam Skolnik will work with you on the complicated Chapter 7 means test to see if you are eligible. If you still don’t qualify, he’ll discuss with you how you could benefit from Chapter 13 or other debt relief.

Reorganize Your Debts With Chapter 13

Chapter 7 is known as “straight bankruptcy” since it involves an outright elimination of debt. Chapter 13 bankruptcy, on the other hand, involves a combination of adjusting some debts, eliminating others and putting you on a plan to pay down your debts over a three or five-year period. Attorney Adam Skolnik will work with you and the bankruptcy trustee to come up with a payment plan you can comfortably and reliably stick to, and at the end of the plan, the remaining debts can be discharged. It’s easier to qualify for Chapter 13 than Chapter 7, and you don’t have to worry about the bankruptcy trustee going after any nonexempt property.

Use Chapter 11 To Get Your Business Back On Track

Chapter 11 is used most often by businesses that have fallen on hard times and are facing relentless pressure from their business creditors. Chapter 11 takes that pressure off and gives the owner time to come up with a plan for dealing with debt and other issues standing in the way of the company’s success. In Chapter 11 bankruptcy, the business owner creates a plan of reorganization, classifying creditor claims and detailing how these claims will be treated, including adjusting debts or modifying contractual terms as needed. Once the bankruptcy court confirms the plan, creditors will be obligated to abide by the plan’s provisions. The business can stay open and operate during the Chapter 11 proceeding, with the owner continuing to run the company as a “debtor in possession” with oversight from the court.

Why File For Bankruptcy?

Bankruptcy comes with a strong negative stigma, even though thousands of Americans file for it every year. However, the positives of filing for bankruptcy strongly outweigh the negatives. These include:

  • Discharging qualifying unsecured debts
  • Halting harassment from creditors
  • Easing the stress of high payments every month
  • Avoiding losing your home
  • Creating a concrete plan to get back on track financially

No matter what form of bankruptcy you file, you get immediate relief from the automatic stay – a court-ordered hold on foreclosure, repossession, lawsuits and other debt collection efforts. Bankruptcy gives you space from your creditors and the time to figure out a plan without constant worry and harassment. Don’t delay having an important conversation about your financial situation and finding out whether bankruptcy can help.

Discuss Debt Relief With A Deerfield Beach Bankruptcy Lawyer

Talk to an experienced Deerfield Beach bankruptcy lawyer today and chart a path now to financial freedom. Contact the Law Office of Adam I. Skolnik, P.A., in Deerfield Beach for a free consultation. Call 561-934-9582 or send an email today.

Adam Skolnik is a debt relief agent. He helps people file for bankruptcy relief under the Bankruptcy Code.