The law of Bankruptcy is designed to help an individual or business owner who seeks cooperation in making a "fresh start" in life, rather than spending their rest of the life being crushed by the burden of unpaid debt amount. As a small business owner if you are struggling, filing for bankruptcy may help you to save your business or provide a simple way to liquidate it. An individual can also file bankruptcy, which can help you get rid of your personal liability for company debts. As an individual or business owners if you are planning to file for bankruptcy then you can hire the services of Marrero Law Firm, expert Bankruptcy Lawyers in Miami, South Florida. Your business may be organized as a sole proprietorship or as a partnership deal, and then your business is going to be considered as one and the same legal entity which clearly means that a "business" bankruptcy could end up impacting your personal assets and your personal credit standing. Once you are declared as bankrupt, then you may not have to deal with the creditors who owe money to you. An appointed official has the authority to control your money and property, and deals with your creditors. The Bankruptcy Attorneys in Miami, South Florida, helps you to file in bankruptcy which when is proven, help you, to make a fresh start and the money you owe to the creditors is usually written off. The creditors have to stop their legal proceedings against you to get their money back. If you are faced with bankruptcy, you'll need the services of Attorneys for legal advice in South Florida. You can hire the services of Bankruptcy Lawyers in Miami, South Florida, and if you decide to go bankrupt, then they can help you to apply in the court. Bankruptcy is issued by court, and you can only apply, if you are in debt. Any individual or business owner who owes you money can also make you bankrupt even if you don't want to apply. The Bankruptcy Attorneys in Miami, South Florida, navigate your way through all the legal proceedings and help you to apply to go bankrupt; before court declares you bankrupt you need to deposit certain amount with the court depending upon the ratio of your unpaid amount. During the court bankruptcy hearing, the court will decide either to reject your application, or to make a bankruptcy order.
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