CHAPTER 7 BANKRUPTCY LAWYERS FOR ST. LUCIE, MARTIN, AND PALM BEACH COUNTIES

The bankruptcy attorneys of Treasure Coast Legal assist individuals and families who are struggling with debt to get a fresh start via Chapter 7. Whether you have gotten to the point where you are being harassed by bill collectors, or you know that due a previously unforeseen emergency, you will not be able to continue making your monthly payments, waiting for foreclosure, repossession, or eviction is not an option you should consider. With Chapter 7 bankruptcy, you can discharge your debts and get a fresh start to pursue the challenges and opportunities of the future. Call our office in Stuart or Fort Pierce to discuss your eligibility for Chapter 7 Bankruptcy.

Chapter 7 Bankruptcy in the State of Florida

Chapter 7 is by far the most common form of bankruptcy for individuals in local cities like Stuart, Fort Pierce, Port St. Lucie, et cetera, and the attorneys at Treasure Coast Legal have filed hundreds of Chapter 7 bankruptcies on behalf of our clients. In order to qualify for Chapter 7, you will be required to pass a means test, which compares your monthly income to the median monthly income of your geographic area. If you qualify, your non-exempt assets will be liquidated, and the proceeds will be used to pay off your creditors. Once you emerge from Chapter 7—usually over the course of several months—you are free of all dischargeable debt. Chapter 7 is often referred to as a "fresh start" bankruptcy for this reason. Although property, including residential real estate, is often sold in Chapter 7 bankruptcy, depending on the amount of equity in your home, you may be able to retain your primary residence. Our bankruptcy team is able to determine whether or this is a likely outcome during our initial consultation.

The Automatic Stay in Chapter 7 Bankruptcy

Many of our clients are relieved to learn that once they file for Chapter 7 bankruptcy, collection agents, bill collectors, and skip tracers cannot pursue them due to the automatic stay. While the automatic stay is in place, creditors are prohibited from taking action against you until it is lifted. Furthermore, the automatic stay freezes the foreclosure process.

Chapter 7 Bankruptcy Lawyers for Florida Residents

The bankruptcy attorneys of Treasure Coast Legal provide a wide range of options for individuals who are unable to repay their debts. If you are facing financial crisis, do not wait until it's too late to act. Schedule an appointment with one of our veteran bankruptcy lawyers by contacting our Fort Pierce or Stuart law offices at 772-621-2898.