Florida Chapter 7 Bankruptcy Lawyer
If you have no conceivable way to pay off your debts within the next few
years, you may be eligible to file
Chapter 7 bankruptcy. This type of bankruptcy is the most commonly seen type among individuals.
Chapter 7 Bankruptcy affords you an opportunity to discharge debts, bills
and financial obligations, while allowing you to keep exempt personal
property. In most circumstances, this will allow most clients to keep
most of their assets. A Chapter 7 bankruptcy is designed to give families
or individuals a fresh financial start without being burdened by old credit
cards, bills and judgments.
The stress, anxiety and worry put upon you and your family by harassing
creditors, past due notices,
foreclosure actions and other situations brought upon by heavy debt can be handled.
As soon as you go through the steps to file bankruptcy, your creditors
will be legally required to immediately halt any collection activities.
If you were threatened with foreclosure, any motions regarding taking
your house back will be stopped.
Relief from Creditors
Much of your debt will be effectively cleared away once you have declared
bankruptcy. However, it is very important to be aware that there are specific
debts that are not eligible for clearing. For example, you will still
be held liable for tax debts, student loans, child support and spousal
support/alimony payments. If you have questions about the process and
circumstances that could qualify you, please contact us as soon as possible.
If you are concerned about liquidation and losing your home, car, heirlooms
or other assets, please understand that Florida bankruptcy exemption laws
do provide for bankrupt individuals to keep a vast majority (if not all)
of their property. No one will force you to sell your house and the clothes
off your back in order to pay your debts.
Depending upon your financial circumstances, you could be eligible to
file Chapter 7 bankruptcy in Florida. With the help of a foreclosure defense
lawyer at LeavenLaw, you can regain your financial equilibrium.