Seek Debt Relief With The Help Of A Chapter 7 Bankruptcy Attorney
Chapter 7 may be the opportunity you are looking for if you are behind on your bills or drowning in credit card debt, hospital bills, lawsuit judgments or payday loans. You deserve a fresh start and Chapter 7 bankruptcy can get you there. Filing Chapter 7 bankruptcy is the most efficient way to achieve a discharge of your debts so you can get the fresh start you are looking for. At the Law Office of Paul L. Urich, P.A., in Orlando, Florida, I am dedicated to helping clients navigate the Chapter 7 process. I have more than 25 years of bankruptcy law experience and a strong track record of helping individuals, families and businesses rebuild their financial foundations.
Who Can Qualify For Chapter 7 Bankruptcy?
Under the new bankruptcy laws, you must first pass a means test to file Chapter 7 bankruptcy. If your current monthly income is below the Florida adjusted median income, you can file Chapter 7 bankruptcy. If your income is above the Florida adjusted median income, don’t despair; you may still be able to qualify for Chapter 7 after deducting expenses such as car payments or retirement contributions from your stated income. If Chapter 7 is not an option, I can help you pursue an alternative such as Chapter 13 bankruptcy.
There are certain debts that cannot be discharged in Chapter 7 bankruptcy such as:
- Child support
- Tax debts
- Secured debts (property, car, etc.)
There are still things I can do to help you if your debt stems from one of these disallowed categories. For example, I can help you keep your car by creating a payment plan and filing a reaffirmation agreement with the court.
Will You Lose Assets By Filing Chapter 7 Bankruptcy?
Chapter 7 is sometimes referred to as “liquidation” bankruptcy because the bankruptcy trustee can seize assets to pay your debts. However, certain property is exempt from seizure in Florida. Exempt property includes all equity in your home, up to $1,000 of equity in your car and up to $1,000 in other personal property ($4,000 if you do not claim the Florida homestead exemption). I am skilled at using exemptions to help clients retain important items.
What Are The Additional Benefits Of Chapter 7?
In addition to eliminating unsecured debt, filing Chapter 7 bankruptcy puts an immediate stop to:
- Home foreclosure
- Wage garnishment
- Creditor harassment
These actions are facilitated by what’s known as the “automatic stay.”
Contact A Florida Debt Liquidation Lawyer For A Free Consultation
I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.