A Chapter 7 Bankruptcy can take as little as six months from start to finish. Once the Bankruptcy Court Judge grants you a bankruptcy discharge, you will no longer be legally responsible for the discharged debts.
Certain restrictions apply to Chapter 7 Bankruptcies. If you have questions, contact the Desmond Law Firm to learn if a Chapter 7 Bankruptcy would be the right option for you. Our firm offers a free consultation.
If you are facing overwhelming debt, or if some life event has occurred, that has reduced your income or increased your expenses, a Chapter 7 Bankruptcy might be right for you. It was created so that the honest person can get a fresh start.
A Chapter 7 Bankruptcy may allow you to eliminate most of your unsecured debts, including doctor's bills, hospital bills, judgments and garnishments, old taxes and credit card debts. You may be able to keep certain assets, including your car, house, life insurance policies, annuities, and retirement accounts. In Florida, depending on your situation, those items could have a value as high as $6,000 per person or $12,000 for a couple filing together.
When a person files for Bankruptcy, creditors and debt collectors must stop calling them or contacting them in any manner in their effort to collect on the debt.
A Chapter 7 Bankruptcy will also put an end to wage garnishments and any and all lawsuits filed by creditors.
The Desmond Law Firm Professional Corporation: Filing bankruptcies in the Southern District of Florida: Palm Beach County, Okeechobee County, Martin County, Saint Lucie County, and Indian River County. Serving the communities of Atlantis, Boca Raton, Boynton Beach, Briny Breezes, Delray Beach, Greenacres, Highland Beach, Hypoluxo, Juno Beach, Lake Clark Shores, Lake Worth, Lantana, Manalapan, Mangonia Park, North Palm Beach, Ocean Ridge, Palm Beach, Palm Beach Gardens, Palm Beach Shores, Palm Springs, Riviera Beach, Royal Palm Beach, South Bay, South Palm Beach, Tequesta, West Palm Beach, Hobe Sound, Indiantown, Jenson Beach, Palm City, Port Salerno, Stuart, Okeechobee, Port Saint Lucie, White City, Indian River Estates, Hutchinson Island, Fort Pierce, Vero Beach, Sebastian, Fellsmere, Orchid, Roseland, Indian River Shores and Wabasso.