LeavenLaw Can Help You Fight for a Fresh Start
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 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.
It is important to fully understand the potential advantages of filing for Chapter 7 bankruptcy in Florida as well as how this will affect you and your family in the long run. LeavenLaw provides effective and personalized legal representation to individuals and families throughout St. Petersburg, Tampa and Clearwater in Chapter 7 bankruptcy cases. You may be constantly harassed or contacted by debt collectors. A lawyer can review your particular financial situation and can discuss your short term and long term goals with you in order to determine exactly how we can help. We have assisted thousands of clients in reducing or eliminating their debt so they can face a brighter financial future.
To learn more about your specific situation, contact LeavenLaw today. We offer free consultations!
Definition of Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the form of bankruptcy that more people are acquainted with. This is typically for individuals in serious debt that have passed a certain standard in order to be eligible to file.
If properly handled, chapter 7 allows for the liquidation of the majority of assets a person has in order to pay the deficiency they owe. While this form is not for everyone due to the considerable impact it causes, for those seriously indebted, it may be a last resort. 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.
What Debts Cannot Be Discharged by Chapter 7 Bankruptcy?
In most Chapter 7 bankruptcy cases, the debtor is faced with a significant amount of credit card debt and various other unsecured bills. In addition, the debtor typically has few assets. Chapter 7 is generally able to eliminate all of these types of debt for eligible debtors.
However, the following debts cannot be discharged in a Chapter 7 Bankruptcy:
- Child Support
- Certain Tax Debts
- Fraudulent Debts
- Student Loans
Filing for Bankruptcy Can End Creditor Harassment
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.
Call a St. Petersburg Chapter 7 Bankruptcy Lawyer for a Free Consult!
By contacting a St. Petersburg bankruptcy lawyer today, you have the opportunity to stop creditor harassment or finally eliminate your debt! Something that sets LeavenLaw apart from the rest is that we provide our creditor harassment representation automatically. From the instant that you begin working with our firm on your bankruptcy case, we will address creditor abuse as well.