Facing financial difficulties can be stressful, particularly when debts become unmanageable. Understanding your options is vital if you're considering bankruptcy as a way to regain financial stability.
At Fleysher Law, our Fort Myers Chapter 7 bankruptcy lawyers are dedicated to helping individuals navigate the complexities of the bankruptcy process. We provide compassionate and knowledgeable legal guidance to help you make informed decisions regarding your financial future.
Chapter 7 bankruptcy, also called liquidation bankruptcy, offers a way to wipe out many unsecured debts and start afresh. Our Fort Myers bankruptcy attorneys are here to assess your situation, guide you through each step, and help you earn a fresh financial start.
With us, you can expect a thorough analysis of your financial situation and a strategy tailored to your unique needs. Learn more about the bankruptcy filing process. Then, contact us to stop your debt collection and get a clean slate.
Our Fort Myers bankruptcy lawyer knows the stress, financial hardship and anxiety that come with severe financial strain. We are committed to providing a path to relief for those overwhelmed by debt. By filing for Chapter 7 bankruptcy, many of our clients find the breathing space they need to rebuild their finances without the burden of insurmountable debts.
We work closely with each client to ensure the bankruptcy process is as clear and straightforward as possible. Our approach involves personalized counsel tailored to your circumstances to achieve the best possible outcome.
With Fleysher Law, you're not just getting legal assistance; you're gaining a partner who will stand by you through every step of your financial recovery.
Chapter 7 bankruptcy aims to help individuals and businesses eliminate or discharge unsecured debts. This type of bankruptcy allows you to cancel debts such as credit card balances, medical expenses, and personal loans. It's often a viable option for those with limited income who cannot afford to pay off their debts over time.
In Chapter 7 bankruptcy, a trustee is named to oversee the process. This trustee may liquidate any non-exempt assets to pay creditors. However, many of our clients find that Florida bankruptcy exemptions allow them to keep most, if not all, of certain assets and their possessions.
To qualify for Chapter 7 bankruptcy, you must pass the means test. This compares your income to the median income in Florida. If your income is below the median, you likely qualify for Chapter 7. This bankruptcy option is generally best for individuals with considerable unsecured debt and limited financial resources.
Our team can help you a qualified bankruptcy attorney, become familiar with the qualifications and guide you through the means test. We ensure that all aspects of your financial situation are considered, providing a comprehensive evaluation that aligns with Florida bankruptcy law.
Chapter 7 bankruptcy lets you discharge or cancel various types of debts, providing great relief for debtors.
Credit card debt and unsecured personal loans are typically discharged in Chapter 7, offering a fresh start to individuals with high interest rates and overwhelming balances. If you're struggling to pay off credit card debt, we can evaluate whether this process is right for you.
Medical debt, a frequent reason people file for bankruptcy, can also be discharged. This helps individuals recover financially without the looming burden of insurmountable medical expenses. You might think your medical debt is never going to get paid off. Instead, let us explore your options using bankruptcy.
While not all tax debts and judgments are dischargeable, some can be eliminated in Chapter 7 bankruptcy, depending on specific conditions and the age of the debt. We will look at the tax judgments and see if we can cancel them using this process.
If Chapter 7 bankruptcy isn't the right fit, alternatives like Chapter 13 bankruptcy or debt consolidation might be suitable. Each has its own legal system, benefits and drawbacks, and our team can help you explore all options to find the best solution for your circumstances.
By considering alternatives, you ensure you choose the most advantageous path for your financial recovery. Our attorneys will discuss each option with you, considering your long-term financial goals and immediate needs.
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 involves liquidating non-exempt assets to pay off debts, while Chapter 13 reorganizes debts and sets the stage for a repayment plan that lasts 3 to 5 years.
Can I keep my home and car in Chapter 7 bankruptcy?
Yes, in some cases. If you continue to pay for secured debts, Florida allows certain exemptions that may protect your home and car.
How long does it take to complete a Chapter 7 bankruptcy?
The process usually takes 3 to 6 months from the date of filing to the discharge of debts. Our Fort Myers bankruptcy attorneys can help you.
If you're overwhelmed by debt and considering bankruptcy, Fleysher Law is ready to help you. Our Fort Myers Chapter 7 bankruptcy lawyers are here to help you understand your options and work through bankruptcy. Our Fort Meyers Chapter 7 Bankruptcy Lawyer knows how to help you get a fresh financial start. Contact our Fort Myers, FL, law firm today to schedule a free consultation with our bankruptcy attorney.
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