If you are buried in debt with no hope of repayment or catching up on monthly payments, filing for Chapter 7 bankruptcy may be the solution for you. Although recent bankruptcy laws have added additional restrictions which can make it harder to file for bankruptcy, an Orlando bankruptcy attorney at Joseph J. Mancuso, P.A. may be able to help.
No one should feel embarrassed or ashamed for filing for bankruptcy—especially with the economic conditions existing in recent years. Bankruptcy law exists to protect individuals and families from complete financial ruin. Debt relief may be just around the corner for you!
By filing for Chapter 7, you may be able to become debt free in months. You can petition no matter how much you owe. Chapter 7 is often referred to as the "liquidation bankruptcy" because the debtor's nonexempt property is liquidated and the funds distributed to creditors. Unlike a Chapter 13, however, the property that the debtor owns may not be safe from liquidation in a Chapter 7; it is important to consult with a lawyer so you know what to expect.
In order to qualify for this form of bankruptcy protection the debtor must receive credit counseling from an approved agency within 180 days of filing. There are additional requirements for qualification in regard to previous bankruptcy filings and you should speak with a Chapter 7 lawyer to find out more. Filing for Chapter 7 bankruptcy protection can mean a fresh financial start for you and your family. Freedom from crushing debt, creditor collection abuse, and financial struggle may be just a few weeks away. Let our firm help you get there.
Contact an Orlando Chapter 7 bankruptcy lawyer at our law offices today!