Florida Chapter 7 Bankruptcy Attorney

For those interested in having their credit card debt, medical debt, tax debt and other obligations discharged, Chapter 7 bankruptcy may be the option. Filing for a Chapter 7 bankruptcy could be the best way for you to get the fresh financial start you dream of in South Florida/Boca Raton. At Mancuso Law, P.A., we help our clients file for Chapter 7 bankruptcy in order to discharge their debts. We are dedicated to helping you find the financial relief you need with bankruptcy.

Who qualifies for Chapter 7?

In order to qualify for Chapter 7 bankruptcy, you must first take a means test. If your current monthly income is below the adjusted medical income of Florida or your debts are primarily business-related, you can file for Chapter 7 bankruptcy. Some individuals with higher incomes may qualify after certain expenses are taken off of their income. We have helped many people to file for Chapter 7 bankruptcy even after they’ve been told they don’t qualify for this procedure.

Understanding Chapter 7 Bankruptcy

There are some debts that cannot be discharged with Chapter 7 bankruptcy including tax debts, child support and debts secured by property such as a home, car, or motorcycle. However, you can keep these assets by making payments and filing a reaffirmation agreement.

In addition to being able to eliminate unsecured debt, filing for Chapter 7 bankruptcy can put a stop to foreclosure or eviction, wage garnishment, repossession and the continual harassment from creditors.

Will I lose my assets?

This liquidation bankruptcy type allows the trustee to seize assets to pay debts. However, certain property may be exempt from being taken in Florida. This includes all equity in a home, up to $1,000 of equity in a car and up to $1,000 in personal property. Our bankruptcy lawyer is skilled at using exemptions and will work for you to find the most advantageous outcome for your situation.

Contact a South Florida/Boca Raton Bankruptcy Attorney for a Free Consultation

To schedule a free consultation to discuss your debt problems, call our Boca Raton, Florida office at 561-245-4705 or our Fort Pierce, Florida office at 772-497-5796. Thinking about bankruptcy and how it can help you to get relief from overwhelming debt need not be a stressful process, we are here to help, and are only one phone call away. At Mancuso Law, P.A., we represent clients throughout Florida and have years of experience helping them to get a fresh start, call today to arrange your free consultation right now.