As you consider your options for debt relief, our Palm Beach County bankruptcy attorney can help you achieve your financial goals. We have years of experience helping clients file for Chapter 7 bankruptcy to get back on track financially. Chapter 7 of the United States Bankruptcy Code is used for individuals who are not able to make minimal payments on their debts to become debt free. Individuals who qualify under the means test can take steps to improve their financial situation through Chapter 7 bankruptcy. The means test is used to determine whether your monthly income is lower than the median for the average household size for Florida.
How does Chapter 7 bankruptcy work?
Chapter 7 is the liquidation form of bankruptcy in which all items will need to be sold to pay back debt. The debtor can get a fresh start on his or her financial situation and end all collection attempts. From the moment you file for bankruptcy, all harassing creditor calls will need to cease. If your home is undergoing foreclosure, an immediate hold will be placed on the process. After your meeting with the creditors, a discharge order will be received from the court. After your discharge is received, you can then focus your attention on rebuilding your credit.
Legal Guidance from Our Broward County Bankruptcy Lawyer
Typically, individuals only think about bankruptcy when their debts are overwhelming and cannot be reasonably handled. At The Law Offices of John E. Mufson, we want to help you through your debt issues to help you get to the other side of this difficult time in your life. If you are being harassed by creditors, we encourage you to schedule a free case evaluation at once. We can devise a strategy to help you obtain the financial freedom you need. You can have confidence in the work we perform on your behalf during each step of your case.
Contact us at our Delray Beach office at your earliest convenience!