Chapter 7 Bankruptcy

Florida Chapter 7 Bankruptcy Lawyer

Chapter 7 bankruptcy is intended to help people who have unmanageable debt and irregular income obtain a fresh financial start. This remedy under the U.S. Bankruptcy Code is a very effective way to discharge debt, stop home foreclosure, and stop collections calls.

If you want to find out more about Chapter 7 bankruptcy receive help from an experienced lawyer to determine if it is right for you, contact the Law Office of Maureen K. Gour, P.A. We can help you file for debt relief under Chapter 7.

Chapter 7 bankruptcy is referred to as liquidation bankruptcy, which means some of your assets or property may be sold to pay your creditors for part of your debt. Most of your debt will be forgiven - called discharged - and will no longer hang over you.

Debt that is dischargeable under Chapter 7 bankruptcy often includes credit card debt, car loans, medical expenses, and other consumer debt. You will often not be able to discharge debt such as student loans, taxes, child support, and alimony. The good news is that you will likely be able to secure modification to your support payments to make them easier to pay.

A fear that many people have it that, under Chapter 7, they will lose everything they own. This is not true. Certain personal items are often protected. Attorney Maureen Gour can explain fully what you might risk and what you will be able to protect while discharging your debt.

Many people believe the misconception that it is impossible to file for Chapter 7 bankruptcy or any form of bankruptcy due to the new bankruptcy laws. While the 2005 Bankruptcy Reform Act and the new means test changed who will qualify for Chapter 7, it is still a viable and effective remedy to overwhelming debt.

We will explain how the means test works and help you determine if you qualify. If you do qualify, we can help you file for Chapter 7 bankruptcy, from the filing and 341 meeting, all the way through the discharge of your debt. If you do not qualify, you may still be eligible to file for Chapter 13 bankruptcy, which involves a repayment plan.

Contact our firm today for more information about Chapter 7 bankruptcy. We offer free 15-minute initial consultations and flexible appointment times. Please call (561) 509-5461.