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Thank you for visiting the Law Office of Sara Tremel’s website. We are a law firm in North East Florida that focuses on assisting individuals, married couples, and small businesses in filing for bankruptcy relief under Chapters 7 and 13 of the United States Bankruptcy Code. Our office can assist you in determining whether a bankruptcy filing may be a viable option to dealing with your debt. Our goal is to educate you and determine which option may be best for your individual situation.  Please feel free to call or e-mail with any questions about the bankruptcy process and to determine whether it’s right for you.  Initial bankruptcy consultations are always free of charge.

A business or an individual can file for bankruptcy once they have ascertained that it has become impossible to pay off their creditors. A bankruptcy can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy has been filed.
A chapter 7, or liquidation bankruptcy, means that your “estate” – i.e., your assets – is sold in order to pay off your creditors.  A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors’ needs are assessed.  A chapter 7 is the quickest and often the simpliest- type of bankruptcy that one can file. Most people will never see inside a court room or have to meet with a judge in most chapter 7 cases. The process generally takes about 6 months after filing in order to receive your bankruptcy discharge.

A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.  The plan will need to be confirmed by the bankruptcy court.  After confirmation, all payments will need to be made in order for the debtor to receive a bankruptcy discharge.

Reorganization bankruptcies can be filed under the following guidelines:

  • Chapter 7- individuals, a partnership, or a corporation or other business entity
  • Chapter 9 – municipalities
  • Chapter 11 – businesses and individuals with many assets
  • Chapter 12 – farmers, fisherman
  • Chapter 13 – individuals with steady income
  • Chapter 15 – international cases

Contact us today to learn more about your options under the current bankruptcy laws and whether a bankruptcy filing makes sense for your individual situation. We are here ready to listen and help.


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