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BANKRUPTCY & ASSET PROTECTION
Bankruptcy
Bankruptcy provides a fresh financial start for thousands of people. A fresh financial start means that you will not be weighted down by oppressive debt and obligations. Instead, you begin your credit or financial life all over again. Many clients tell us that the relief they feel after filing for bankruptcy is hard to describe.
If you are experiencing financial difficulties, bankruptcy may be the right choice for you. Bankruptcy is a legal process that allows a person, who owes more money than he or she can currently repay, to either (1) repay a portion of the money over time under a Chapter 11, 12, or 13 Bankruptcy; or (2) have the entire debt forgiven (“discharged”) under a Chapter 7 Bankruptcy. Under a Chapter 7 Bankruptcy, the person may be required to surrender certain assets to a trustee. Bankruptcy is also available to businesses, corporations, and partnerships.
It is a common misunderstanding that bankruptcy cannot eliminate IRS tax debt/liability or divorce related debt. Although treatment of tax liability and divorce related debt are a few of the most complicated aspects of consumer bankruptcy law, the Bankruptcy Code does offer many debtors substantial income tax and divorce relief.
Filing for bankruptcy will most often position us to immediately stop:
- Wage Garnishments
- Collection Harassment
- Foreclosure of Your Home
- Repossession of Your Car
- IRS Levies or Seizures
Do you have bill problems with any of the following? If so, bankruptcy may be an option.
- Mortgage Payments
- Income Taxes
- Credit Cards
- Loans
- Divorce Obligations
- Medical Bills
- Lawsuit Judgments or Verdicts
Asset Protection
Even if you are not experiencing financial difficulties, you may benefit from asset protection planning. Many people want to make sure that their assets are protected and their future welfare is secure. Asset protection may include planning for certain events - marriage, divorce, death, incapacity, domestic partner relationships – but may also include other top asset protection devises such as the following:
- The Florida Homestead
- Statutory Exemptions
- Florida Irrevocable Trusts
- The Family Limited Partnership
- Business Creations & Formations: Corporations; Partnerships; LLC’s
- Tenancy by the Entirety Property
- Annuities, Life Insurance, IRA’s, 401(k)’s, and Federal Sponsored Retirement Plans
- Offshore Corporations and Trusts
- Personal & Company Asset Protection
- Wealth Preservation
- Retirement Income Planning
- Business Succession Planning
- Prenuptial & Postnuptial Marital Agreements
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PRACTICE AREAS:
• Tax Law & IRS Defense
• Bankruptcy & Asset Protection
• Wills, Trusts, Estates - Planning & Administration
• Condo & Homeowner Association Law
• General Practice Law Firm
DEFINITION OF ESTATE PLANNING:
I want to control my property while alive, take care of my loved ones and myself if I become disabled, and, upon my death, give what I have to whom I want, the way I want, and when I want. And, if I can, I want to save every last tax dollar, professional fee, and court cost possible.
Tax, Estate Planning, and Community Association Law Seminars Available
Flat Fees Available
Will & Trust Packages Available |
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(904) 823-3333 • (386) 366-4848
Email: info@jacksonlawgroup.com
100 Whetstone Place, Suite 101
St. Augustine, Florida 32086
MEETING LOCATIONS
CLIENT DOCUMENTS
CLIENT REFERRALS
Credit Cards Accepted
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