Legal Question in Bankruptcy in Florida

I am considering filing for bankrupcy. We have used a number of credit card to start and grow a small business. We were doing well until the fall of 2008 when the economy tanked. We owe approx. $100,000 for the credit card and have invested about $300,000 of our retirement fund.

What will we lose by doing this, house, cars, furnishing? Is this the best way?

What would you advise? Please help!


Asked on 9/15/09, 4:01 pm

1 Answer from Attorneys
Michael Snytkin Azam Snytkin, P.A.

It depends whether you decide to proceed with Chapter 7 (you may not qualify) or Chapter 13, and what your intentions are regarding your real and personal property. I would strongly suggest an in-person meeting with a qualified bankruptcy attorney who can give you all the options. You can contact us for a complementary bankruptcy consultation.

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Answered on 9/15/09, 6:09 pm


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