STUART CHAPTER 7 BANKRUPTCY ATTORNEY
The Benefits of Chapter 7 Bankruptcy
Also known as the “liquidation” bankruptcy, a Chapter 7 bankruptcy provides protection from creditor harassment and financial relief from many of the debts that overwhelm individuals. This is the most popular form of bankruptcy available because it allows individuals to discharge credit card debt, medical bills, unsecured loans and more without having to repay a single dime. In addition, any creditor lawsuits or wage garnishments must immediately cease after an individual files for Chapter 7 bankruptcy.
If you are considering this widely popular and highly efficient form of bankruptcy, it is wise to contact a lawyer before proceeding. In order to qualify for this type of bankruptcy protection in Florida, you must be able to pass a means test. A means test evaluates your income compared to the median income level in your area, and you must make less than the median income to qualify for Chapter 7 protection. Even if you know that you earn less than the median income, you will still have to undergo a means test to determine how much disposable income you have.
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One of the benefits of filing under Chapter 7 bankruptcy is that you will be able to keep all of your exempt assets. While these assets differ from state to state, your home, vehicle, and other personal assets are all protected by the State of Florida constitution. Filing for a Chapter 7 bankruptcy can be a complex process that requires the guidance of a skilled attorney, but it is almost always the quickest form of bankruptcy available. Here at Crary Buchanan, we have decades of experience helping individuals file for Chapter 7 bankruptcy protection. Throughout our years of experience, we have gained unique insight into bankruptcy law and the intricacies of Chapter 7 claims. A lawyer from our firm will walk you through the process involved with Chapter 7 bankruptcy so that you can achieve the financial freedom that you need.
Contact Crary Buchanan today for professional legal representation in your Chapter 7 case!