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Chapter 7 Law Our mission is to help people out of debt, and we don't take shortcuts

Orlando Chapter 7 Lawyer

Bankruptcy Attorneys at Joseph J. Mancuso, P.A.

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!

About Chapter 7 Bankruptcy

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.

Do I Qualify for Chapter 7?

Not everyone can file for Chapter 7 bankruptcy. To file, you must make sure that:

  1. Your income is not too high via the means tesf.
  2. You can repay some debt.
  3. You do not already have debt discharged from a previous bankruptcy. You cannot file if:
    1. You have filed Chapter 7 in the last 6 years.
    2. You have filed Chapter 13 in the last 8 years.
  4. You do not have a previous bankruptcy case that was dismissed 180 days ago for violating a court order, if your case was considered "fraudulent", and if you requested a dismissal after a creditor asked the court to lift the automatic stay.
  5. You completed a credit counseling course approved by the U.S. Trustee's Office 180 days within filing.
  6. If the bankruptcy court suspects that you are attempting to defraud creditors, your case will be dismissed.

What is the Means Test?

When filing for bankruptcy, the “means test” will show whether or not your income allows you to qualify for Chapter 7. If your current monthly income is equal or below your state’s median income, you can file for Chapter 7 bankruptcy. If your income exceeds it, you must qualify the next part of the test. This involves your disposable income.

If you have enough disposable income to pay back your debts, you must have a certain amount of income leftover, otherwise, the court may dismiss your filing and it may be better for you to file for Chapter 13.

Call an Orlando Chapter 7 Lawyer (407) 378-5488

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 the Law Offices of Joseph J. Mancuso, P.A.

Get Started With a Free Initial Consultation
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