Bankruptcy Lawyers Serving Pompano Beach and Broward County

In most Pompano Beach cases, you can keep your home and car when filing bankruptcy. Florida’s homestead exemption strongly protects your primary residence, and state law also provides protections for vehicles. In Chapter 13, you can catch up on overdue mortgage or car payments through a repayment plan. In Chapter 7, you usually keep these assets if payments are current and the equity is within exemption limits. Losing property is rare.

Chapter 7 bankruptcy in Pompano Beach can wipe out most unsecured debts, such as credit cards, medical bills, payday loans, and personal loans. It can also eliminate certain judgments and collection accounts. However, debts like child support, alimony, recent taxes, and most student loans cannot be discharged. Bankruptcy helps clear away the debts that often cause the most financial stress, giving you a chance to rebuild.

In Pompano Beach, a Chapter 7 bankruptcy will stay on your credit report for 10 years, and a Chapter 13 will remain for 7 years. Even so, most people see their credit start improving within one to two years. Because bankruptcy wipes out past-due accounts, you may actually be in a better position to rebuild credit than someone still struggling with unmanageable bills. Responsible use of credit after filing helps the impact fade over time.

Yes, but there are time limits. If you previously filed Chapter 7, you must wait 8 years before filing another Chapter 7, or 4 years before filing Chapter 13. If you filed Chapter 13, you must usually wait 2 years before filing another Chapter 13, or 6 years before filing Chapter 7. In Pompano Beach, eligibility depends on the type of case you filed before and how it was resolved. An attorney can confirm whether you’re eligible to file again.