Learn More About Chapter 7 Bankruptcy in Florida
Whether you have made the decision to file for bankruptcy or you are still considering all of your options, it is important to learn more about the different types of bankruptcy protection that are available for consumers. Chapter 7 bankruptcy involves the elimination of debt, and in some cases, the liquidation of assets, which are sold to pay off creditors.
Chapter 7 bankruptcy is often immediate and can get you back on the right path quickly. For those who own homes and other significant assets, as well as those who have high income, it may not be the best option for debt relief. At the Miami Bankruptcy Center, our attorneys have years of experience providing bankruptcy services to people facing debt in South Florida.
Learn more about Chapter 7 bankruptcy and whether it may be right for you and your situation. Review your case with an experienced lawyer by calling toll free at 888-692-1145.
Benefits of Chapter 7 Bankruptcy
If you have significant amounts of debt stemming from credit cards, medical bills and other sources, Chapter 7 bankruptcy can help you discharge those debts while stopping creditor harassment, foreclosure proceedings and car repossessions. By using exemptions, it may be possible to hold onto your home and other assets, while losing your debts.
The process of Chapter 7 bankruptcy usually takes less than five months and can provide you with peace of mind and a fresh start for your financial future.
Qualifying for Chapter 7 Bankruptcy
In 2005, revisions to the bankruptcy laws have made many people fearful that they will no longer be able to file for bankruptcy. These changes instituted a "means test" that must be passed before a person is allowed to file for Chapter 7 protection. While some people may not qualify, this does not prevent those people from filing for bankruptcy altogether.
For people who do not qualify for Chapter 7, Chapter 13 bankruptcy may be a helpful option. Learn more about Chapter 13 bankruptcy from the Miami Bankruptcy Center.
Contact Us Today for a Free Consultation
At the Miami Bankruptcy Center, our lawyers offer honest advice and cost-effective service that is personable and responsive. You will never be surprised by a development in your case, as we will keep you informed and prepared throughout the process. Contact us for a free, no-risk consultation by calling toll free at 888-692-1145. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
