Chapter 7 Bankruptcy
Call Our Palm Beach Bankruptcy Lawyer Today At (561) 513-5809!
Reasons To Choose Us
- Hablamos español
- Free consultations
- Affordable representation
- More than a decade of experience
- Weekend & after-hour availability
- Committed to helping you establish realistic expectations
When you choose to file Chapter 7 bankruptcy, a new financial beginning opens up for you. Most unsecured debt is eliminated by liquidating assets, allowing you to get a new hold on the future of your finances. Creditor harassment, collection calls, and letters will be a thing of the past. Missed home payments could be settled and your home foreclosure halted. If you want to know if you are eligible to file for Chapter 7 bankruptcy, speak with our Palm Beach bankruptcy attorney. We can help you to get a fresh start!
With Chapter 7, most debts can be settled, including:
- Utility bills
- Medical bills
- Personal loans
- Credit card debts
- Old tax debt
Bankruptcy Law in Florida
With the 2005 changes in the bankruptcy law, the eligibility rules for Chapter 7 have become stricter. Though it has become more difficult to qualify, a large number of people in the Palm Beach area are still eligible to file under this chapter. Our bankruptcy lawyer thoroughly understands the new laws and can review your situation and the available solutions for your case.
The new laws require that you take a "means test." It is a fairly simple test, as it compares your household income to that of the average in your area. If you have enough debt and fall under the mean for your community and household size, you could be eligible to file under Chapter 7. Our experienced Chapter 7 bankruptcy lawyer can help you file a petition with the court requesting your debt be discharged. People who don't qualify generally do qualify for Chapter 13 bankruptcy.
Will I have to Give Up All My Assets?
In order to obtain debt relief under Chapter 7, some assets may need to be liquidated to satisfy creditors, but some assets are considered exempt. While luxury items may be liquidated, your home and vehicle could be saved. We are passionate about helping individuals who are in seemingly impossible financial situations to regain financial control. More importantly, we believe that filing for bankruptcy doesn't mean you should have to give up all your property. We will work with you to ensure you take advantage of as many exemptions as possible to preserve your assets.
Call the Law Offices of Carol D. Ellis, to discuss your questions with a respected bankruptcy lawyer.
We provide personal legal services at an affordable rate.
