Chapter 7 Bankruptcy
Reasons To Choose Us
More than a decade of experience
Weekend & after-hour availability
Committed to helping you establish realistic expectations
When you choose to file Chapter 7 bankruptcy, a new financial beginning
opens up for you. Most unsecured debt is eliminated by liquidating assets,
allowing you to get a new hold on the future of your finances.
Creditor harassment, collection calls, and letters will be a thing of the past. Missed home
payments could be settled and your home
foreclosure halted. If you want to know if you are eligible to file for Chapter 7
bankruptcy, speak with our
Palm Beach bankruptcy attorney. We can help you to get a fresh start!
With Chapter 7, most debts can be settled, including:
Credit card debts
Old tax debt
Bankruptcy Law in Florida
With the 2005 changes in the bankruptcy law, the eligibility rules for
Chapter 7 have become stricter. Though it has become more difficult to
qualify, a large number of people in the Palm Beach area are still eligible
to file under this chapter. Our bankruptcy lawyer thoroughly understands
the new laws and can review your situation and the available solutions
for your case.
The new laws require that you take a "means test." It is a fairly
simple test, as it compares your household income to that of the average
in your area. If you have enough debt and fall under the mean for your
community and household size, you could be eligible to file under Chapter
7. Our experienced Chapter 7 bankruptcy lawyer can help you file a petition
with the court requesting your debt be discharged. People who don't
qualify generally do qualify for
Chapter 13 bankruptcy.
Will I have to Give Up All My Assets?
In order to obtain debt relief under Chapter 7, some assets may need to
be liquidated to satisfy creditors, but some assets are considered exempt.
While luxury items may be liquidated, your home and vehicle could be saved.
We are passionate about helping individuals who are in seemingly impossible
financial situations to regain financial control. More importantly, we
believe that filing for bankruptcy doesn't mean you should have to
give up all your property. We will work with you to ensure you take advantage
of as many exemptions as possible to preserve your assets.
Call the Law Offices of Carol D. Ellis, to discuss your questions with a respected bankruptcy lawyer.
We provide personal legal services at an affordable rate.