Fort Lauderdale Chapter 7 Bankruptcy Lawyer

Stop Losing Sleep Over Your Debt Problems

Substantial personal and business debt can consume your life. When you are receiving collection calls from personal or business creditors, are facing difficulties meeting your financial obligations due to job loss or are finding it hard to stay afloat due to other debt challenges, it's time to consider your options to improve your financial health. Chapter 7 of the Bankruptcy Code can provide debt relief and a financial fresh start to eligible individuals and businesses.

Don't automatically presume you are ineligible for debt relief solutions. Fort Lauderdale Chapter 7 bankruptcy attorney Sherri B. Simpson has been practicing law for more than 20 years, with over 15 years as a bankruptcy and foreclosure attorney. She has successfully guided individuals and business owners through the Chapter 7 bankruptcy process. Call 954-769-0730 or contact our law firm online for a free consultation.

Fort Lauderdale and Hollywood Attorney Guiding Individuals in Bankruptcy

Under a Chapter 7 consumer bankruptcy filing, you may be capable of discharging most of your debt, such as medical bills, credit card debt and other unsecured debt. You won't have to repay this debt and creditors can no longer attempt to collect from you. In exchange for discharging your debt, the bankruptcy trustee may liquidate (sell) some of your property to pay debts that you are capable of paying. However, in many situations, debtors are capable of keeping most, if not all, of their property through effective use of bankruptcy exemptions.

Certain debts, such as child or spousal support obligations, school loans and recent tax obligations cannot be eliminated in Chapter 7 bankruptcy. If you have a significant amount of non-dischargeable debt, an experienced bankruptcy lawyer can help you evaluate if Chapter 13 bankruptcy would be a better solution for you.

Chapter 7 bankruptcy can be extremely complex, with income limitations that must be closely scrutinized to determine eligibility. Many people believe that if their income is above the median level that they are automatically precluded from filing. However, under closer examination — through the bankruptcy means test — it may be found that personal business expenses, rental investment expenses or other considerable expenses offset the high income level. Attorney Sherri B. Simpson has considerable experience in helping individuals in these situations qualify for Chapter 7 bankruptcy — even when other lawyers assume the only option is filing for Chapter 13 bankruptcy. Learn more about high income and filing for bankruptcy.

Corporations Can Also File for Chapter 7 Bankruptcy

Operating an insolvent business can turn into a vicious cycle. Business expenses, interest on loans and other liabilities can quickly pull you under water. Many people attempt to save their business by sacrificing some of their own personal assets. However, sometimes the best solution is to confront business insolvency head-on and get a fresh start through a Chapter 7 corporate bankruptcy.

A Chapter 7 corporate bankruptcy is not the same as a Chapter 7 individual bankruptcy as it is governed by a unique set of rules. Your home personal assets and personal debts are not part of the equation; therefore, you usually do not need to worry about losing them. A Chapter 7 corporate bankruptcy enables you to close the business, discharge business debts and close that chapter in your life with the peace of mind that business liabilities will no longer haunt your business or personal life.

Call Our Fort Lauderdale Chapter 7 Lawyer

Our law firm is dedicated to helping individuals and businesses get out from the under their financial difficulties. Call today to discuss your questions and options.

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.