Chapter 7 — Individual Bankruptcy
Fort Lauderdale, Florida, Chapter 7 Bankruptcy Attorney
Can I File a Chapter 7 Bankruptcy Without Losing Everything?
Yes. You can petition for a Chapter 7 bankruptcy without losing everything. Filing for a personal bankruptcy or a consumer straight bankruptcy, as Chapter 7 bankruptcy is often referred to, will end the downward financial spiral and begin to provide you with debt relief. It is far less stressful when you use the services of a qualified lawyer to help you though this process.
Attorney Sherri B. Simpson's mission is to help you get out of this financial mess. Call us now at 954-769-0730 or contact us through e-mail for a free consultation.
Individuals from across the financial spectrum may be eligible for Chapter 7 bankruptcy relief. In fact, Chapter 7 bankruptcy — also known as straight bankruptcy or liquidation bankruptcy — is the most common type of bankruptcy among individuals with debt problems. That is because Chapter 7 bankruptcy effectively stops creditor harassment, temporarily stops foreclosure, stops wage garnishments and enables individuals to eliminate eligible unsecured debt such as:
Do you have a considerable amount of debt due to back child support, recent tax liabilities or school loans? If so, Chapter 7 bankruptcy may not be the right solution because these debts cannot usually be eliminated in a Chapter 7 personal bankruptcy filing. We can explain other debt relief solutions, such as a Chapter 13 bankruptcy.
Do you have high income and fear you may not be eligible for bankruptcy? Individuals with income above the median level will need to proceed through a means test to determine eligibility for Chapter 7 bankruptcy. This involves considering your income minus allowable expenses. Many people with high income levels are surprised to learn how we can offset their high income with their substantial monthly expenses.
Fort Lauderdale bankruptcy attorney Sherri B. Simpson has a proven record for helping clients with incomes above $100,000 in successfully achieving debt relief under Chapter 7 of the Bankruptcy Code. Learn more about bankruptcy solutions for high income individuals.
Do you need to surrender all your assets in a Chapter 7 bankruptcy? No. While a bankruptcy trustee may be capable of selling some of your assets in order to pay some of your debts, with the help of an experienced lawyer, you may be capable of keeping most, if not all, of your property. We effectively use bankruptcy exemptions (claim certain property as exempt from being sold off) in order to save your property. This may include your car or home (if you will continue making payments), furniture, bank accounts and other assets.
Florida Personal Bankruptcy Attorney With Thousands of Success Stories
If you go into Chapter 7 bankruptcy before seeking the counsel of a knowledgeable Florida consumer bankruptcy lawyer, there may be no way for you to use federal laws to stop foreclosure, to keep your equity and your present loan, or to stop the creditors from harassing you.
We can help you deal with real estate taxes owed, equity issues, title insurance, keeping your car, garnishments and lawsuits — and make sure you are filing for the right type of bankruptcy relief, given your unique situation. We have helped over 41,500 clients find solutions to their financial troubles and get on with their lives.
Confidential Free Initial Consultation • Calls Returned Promptly • Fixed Fees Available • Major Credit Cards Accepted • 954-769-0730 • E-mail Now.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.