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Florida gets more than its fair share of natural disasters, which can often leave residents in dire financial straights. This article tells you everything you need to know about your bankruptcy options after such a natural disaster, including:
If you have lost your home in a hurricane and you did not have insurance (which is probably more common in this state right now than it should be) and it has crushed you financially, you can absolutely file for bankruptcy.
If you lost your home and you did have insurance, and that money has been put into a new home, as long as that home is your primary residency and thus covered by the homestead exemption, then you can also file for bankruptcy without risking it.
Medical debt from natural disaster-related injuries is handled the same way all other medical debt is dealt with during bankruptcy. If you file for Chapter 7 relief and it is granted, that debt will just go away.
Attorney Alec Solomita is a compassionate Florida lawyer who has helped many clients just like you to navigate the difficult step of bankruptcy after the damage or debt left behind by a hurricane or other natural disaster. With decades of experience protecting Florida residents and homeowners from debt, he knows exactly what to do to help.
Need to deal with crushing debt after Milton or any other storm? Contact Solomita Law, PLLC today to schedule an initial consultation.
Given the wide variety of relief funds and their sources, you should always talk to your attorney about whatever you are receiving and where you are receiving it from.
So, it depends on where you are getting the funds from and what the funds are for. So, if you have that type of situation, it is best to talk to your attorney prior to filing so that they can research the amount of money and where it is coming from.
Given how many people have been affected by such storms, many families will be scrambling now. For most people though, this will be a question of insurance, not bankruptcy, so it is unlikely to impact the bankruptcy timeline. However, it can leave people with substantial debt, which can cause bankruptcies further down the line.
For some families who are affected the worst, however, and lose everything to the hurricane, bankruptcy can give them a fresh start. For those who have lost everything, bankruptcy cases are distressingly easy as they have literally nothing left.
Every situation is different when it comes to disaster, so it will depend on how you have been affected by it, for many of the issues start when insurance refuses to cover something.
For example, if you have a car payment to make, but the car gets flooded, and you do not have proper car insurance, or the car insurance is refusing to cover the flooding. Now, you have a car you cannot drive so you are not going to pay your car payments. At some point, you might want to call a bankruptcy attorney like me to file for bankruptcy to get rid of that car and its debt.
For more information on Bankruptcy After A Natural Disaster, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (407) 305-5599 today.
Attorney Alec Solomita is a compassionate Florida lawyer who has helped many clients just like you to navigate the difficult step of bankruptcy after the damage or debt left behind by a hurricane or other natural disaster. With decades of experience protecting Florida residents and homeowners from debt, he knows exactly what to do to help.
Need to deal with crushing debt after Milton or any other storm? Contact Solomita Law, PLLC today to schedule an initial consultation.
