Financial difficulties can happen to anyone. Job loss, a medical emergency, or any number of other circumstances out of your control can occur, and things quickly begin to spiral. Before you know it, you are drowning in debt and living in a state of constant stress that impacts nearly every aspect of your life.
Chapter 7 bankruptcy offers a fresh start to people who find themselves buried in credit card debt, medical bills and other unsecured debt. In the bankruptcy, most of those debts are discharged, which means that you’re no longer legally obligated to pay them. It also means that creditors and debt collectors can’t contact you about those debts, report them as late to the credit bureaus or otherwise bother you about them.
Some of the most common types of debt discharged when filing chapter 7 bankruptcy include:
- credit card debt
- medical bills
- past-due rent and utilities
- deficiency claims on repossessed vehicles
- money judgments
Regain Control of Your Finances
Our law firm takes the time to carefully and personally examine each financial situation and can provide you with an honest assessment to help you determine which bankruptcy option may be most beneficial for you. Should you decide to move forward and file, we will guide you through the entire bankruptcy process.
TO FINANCIAL FREEDOM STARTS HERE
File for Chapter 7 Bankruptcy in Florida
With the economy in its current state, hearing that people are struggling with debt is, sadly, not as uncommon as one would like to hear. Too many people find themselves slipping further and further down the slope of too much debt, caught between the fast-paced world that we live in and the need to pay ongoing living expenses.
If you are currently facing a situation similar to this, it is in your best interest to talk to an experienced Sarasota and Manatee bankruptcy lawyer about the possibility of filing for bankruptcy.
When well-intentioned people find themselves buried under a mountain of debt, facing creditor harassment or an impending home foreclosure, repossession, wage garnishment, or IRS tax levy, they often seek relief through bankruptcy.
This decision is not generally easily made, especially since no two situations are exactly alike. Moreover, there are distinct advantages and disadvantages to both Chapter 7 bankruptcy and Chapter 13 bankruptcy, and you must be able to meet the criteria.
Secure a Brighter Future For You & Your Family
Chapter 7 bankruptcy is designed to help people struggling with debt wipe the slate clean and begin again on a more solid footing.