Chapter 7: Liquidation Bankruptcy
Filing bankruptcy under Chapter 7 of the Bankruptcy Code can discharge, or eliminate, your debts. With some exceptions, you no longer have to repay them. You can just walk away.
There are some restrictions about who can file Chapter 7 bankruptcy and our attorneys can help you determine if you qualify. For those who are eligible, a Chapter 7 bankruptcy can be a new beginning.
A Fresh Start
At Roberts & Robold, P.A., our bankruptcy attorneys have helped hundreds of people throughout Central Florida get a fresh financial start by filing Chapter 7 bankruptcy. Many are able to keep their homes, their cars and other assets.
One of our bankruptcy attorneys will review your financial situation and determine whether you can file a Chapter 7 bankruptcy. If you have enough assets and income to repay at least some of your debts, you may be required to file Chapter 13 bankruptcy.
Maximizing the Assets You Keep
Chapter 7 bankruptcy is called liquidation bankruptcy because some of your assets may be liquidated, or sold, to repay a portion of your debt. However, the law allows you to keep many of your belongings, and a very significant number of our clients do not lose any assets at all.
Because our bankruptcy attorneys know which assets are exempt from liquidation under state and federal bankruptcy laws, we are able to maximize the assets you can keep. We will also help you reestablish your credit after the bankruptcy.
A financial crisis can happen to anyone. Unemployment, medical expenses, overextended credit, divorce and foreclosures are among the most common reasons for filing bankruptcy. No matter what caused your financial distress, we can help you take control of your finances and your future.
To learn if you qualify for filing Chapter 7 bankruptcy, please contact one of our Florida bankruptcy lawyers today.
Learn more: Visit our bankruptcy information center.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
