What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is filed by persons and/or businesses. It is a total discharge of most debts EXCEPT:

• child support obligations;
• monies owed to government entities, including the IRS and student loans; and
• criminal judgments.

Filing a Chapter 7 bankruptcy provides freedom from most previous debt for a fresh start on life.

Q.  Can I file Chapter 7 and still keep my house?
A.  Yes, if you are current on your payments.

Q.  How long do I have to reside in Florida before I can file for bankruptcy in Florida?
A.  At least 6 months; each state has different exemptions. The exemptions apply based on where you reside currrently.

Q.  If I file for bankruptcy, is my credit ruined forever?
A.  No. Bankruptcy starts you off back at "square one" with the credit reporting agencies. This enables you to rebuild your credit without the majority of your bad debt and/or late payments hanging over your head.

Contact my office to schedule a free attorney consultation if you're considering the option of filing for Chapter 7 bankruptcy. I will explain to you the bankruptcy process, what documents are necessary, and what you can expect.