Chapter 7 Bankruptcy

South Florida Chapter 7 Bankruptcy Attorney

Are you afraid that you will never be able to pay all your debts? Do you seek complete forgiveness of the money you owe creditors? Do you want to know how the recent changes to the bankruptcy laws may affect your ability to file for bankruptcy relief? Chapter 7 bankruptcy is still available to most people and may be right for you. At the law offices of Michelle Armstrong, P.A., we will explain the changes to the bankruptcy law and help you understand your options.

Contact the law offices of Michelle Armstrong today, to secure a debt free tomorrow. 954-282-6090

Chapter 7 bankruptcy is also known as a "straight" or "liquidation" bankruptcy. It eliminates all or most of your unsecured debts in exchange for giving up property you might own that exceeds a certain value, so that property can be sold to pay your creditors. In most cases, all of your property will be exempt, or protected, from such a sale and you will be allowed to keep it.

Qualifying for Chapter 7 Bankruptcy

Due to recent bankruptcy law changes, you must qualify for a chapter 7 bankruptcy. However, it is still the most common type of bankruptcy filed, and an experienced bankruptcy lawyer can help you understand whether or not you qualify. Clients must be below the Florida median income for their household size to qualify for chapter 7, but even people who make more than the median income can still qualify. Contact us today to see if you may meet the requirements for chapter 7 bankruptcy.

You won't have to lose all your assets

Many people are afraid to file for chapter 7 bankruptcy, because they believe they are going to lose all their assets. In fact, the sooner you file for bankruptcy, the better chance you will have of retaining your assets, including you home, car, and personal possessions.

Understand your options

Bankruptcy is not right for everyone. Even if you qualify for chapter 7 bankruptcy, chapter 13 might suit your needs better. We help people find the plan that works best for them. If bankruptcy is not the right option for you, we can sometimes negotiate with your creditors to reduce your debt, or negotiate settlements with your creditors as an alternate to filing a bankruptcy.

Contact Us

If you are considering a bankruptcy, you have questions. At the Coral Springs law offices of Michelle Armstrong, P.A. we will provide you with the answers you need regarding chapter 7 bankruptcy. Contact us today for a free initial consultation.

We are a federally designated Debt Relief Agency under the United States bankruptcy laws. We help people find solutions to their debt problems, including, where appropriate, assisting them with filing for bankruptcy relief under the United States Bankruptcy Code.