Chapter 7 bankruptcy is a special kind of bankruptcy that is designed to relieve the debt of individuals and families below the median income of their household size. It also serves many others who otherwise are eligible for Chapter 7.
In order to file, you need the assistance of a seasoned Florida Chapter 7 bankruptcy lawyer to help you.
If you are approved for Chapter 7 bankruptcy, the courts may liquidate what assets you have in order to pay your creditors, and the majority of your debts will likely be excused or wiped away.
This type of Florida bankruptcy is beneficial for individuals and families who have:
a significant debt burden
very few assets
little to no disposable income available to pay down the debt
In order to find out if you qualify for a Chapter 7 bankruptcy, you must complete a means test that will determine what your disposable income is compared to your debts, and then will figure out how much you could feasibly pay on your debts.
If you are considering filing for a Chapter 7 bankruptcy, it is essential that you speak with a qualified, experienced bankruptcy attorney.
As a seasoned Florida bankruptcy lawyer, I have worked with numerous clients on chapter 7 bankruptcy cases and have developed unique and successful tactics in forming a solid bankruptcy case.
I will work with you to ensure all paperwork is completed properly and filed in a timely fashion.
Call me today for a consultation.