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.
Why Chapter 7?
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, we are dedicated to helping our clients navigate the Chapter 7 process. Our founding attorney, Paul Urich, brings more than 13 years of bankruptcy to our practice and has a tremendous track record of helping individuals, families, and businesses rebuild their financial foundation.
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, we can help you pursue 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 we can do to help you if your debt stems from one of these disallowed categories. For example, we can help you keep your car by creating a payment plan and filing a filing a reaffirmation agreement with the court. Get in touch with our experienced attorneys to learn more.
Will I Lose My 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). We are very skilled at using exemptions to help our 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:
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We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.