Chapter 7 Bankruptcy Attorney Orlando

A decision to file for bankruptcy often comes after all other options have been considered; no one really likes the idea. However, if you find yourself faced with no reasonable alternative, you are far from alone. The economic environment of the last several years, with chronically high unemployment and the sharp rise in foreclosures, has caused a dramatic increase in bankruptcy filings not only in Florida but across the country.

If creditors have been harassing you, calling you at home and at work at all times of the day and night; perhaps even making threats if you don’t meet their demands, a properly prepared and filed bankruptcy can alleviate much of your stress, put a stop to all those calls and give you some much needed breathing room along with a fresh start. Questions often asked when someone is considering bankruptcy include:

  • Is bankruptcy right for me?
  • Do I have too much debt to be able to file for bankruptcy?
  • Do I make too much money to qualify for Chapter 7
  • Will I lose my house or my car if I file for bankruptcy?
  • Does filing for bankruptcy cost a lot of money?
  • How long does it take?
  • Chapter 7 Bankruptcy is the most common form of bankruptcy filed by individuals; however Chapter 7 can also be filed by a Partnership or Corporation. Relief comes immediately! When the bankruptcy petition is filed, that action triggers an “automatic stay” on all debt collections. Bankruptcy provides for many unsecured debts to be discharged; these can include medical bills, credit cards, department store cards and others. Assets that are collateral for secured debts, such as vehicles and homes, along with certain other assets that may be exempt from liquidation, are likely to remain in the possession of the debtor.

 If you find yourself considering Bankruptcy and want to know if it would be in your best interest, please take advantage of a free consultation at our office. Call us at 407-312-7051 to schedule an appointment.