North Bay Village Chapter 7 Lawyer

Debt.org defines bankruptcy as “a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals, partnerships and businesses whose debts have become so overwhelming they don’t believe they can pay them”.

You will find many types of bankruptcy with Chapter 7 being the most popular option among both corporations and individuals. Stiberman Law offers Chapter 7 filing and consultation.

You can start with a free consultation to get answers to your questions or read below for more information.

What is a Chapter 7 Bankruptcy?

Chapter 7 is a type of bankruptcy that involves selling the applicant’s nonexempt assets to pay pending debts.

When you file Chapter 7, the court will assign you a trustee who will go through your submitted documents to verify you meet the eligibility requirements.

If you pass the test, your eligible non-exempt assets will be sold and the amount generated will be distributed to your creditors in a pre-defined manner. Florida offers many exemptions or protections that your attorney at Stiberman can discuss with you.

Most people who file for bankruptcy choose Chapter 7 as it has a success rate of over 90 percent. It can be used to discharge unsecured debt including credit card debt, personal loans, and some taxes.

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Ring (954) 922-2283

Your Trusted North Bay Village Chapter 7 Bankruptcy Lawyer

You need to work with a company you can trust. Stiberman Law takes great pride in its services as we have been in the industry for over 22 years and have helped hundreds of people get out of debt.

Here are some of the main advantages of working with us:

You Get Free Consultation: This can be a great option for people who are not sure of Chapter 7 and if it’s the right fit for them. Book your first consultation for FREE and find out more about bankruptcy.

Our Services Are Quick: We don’t want our clients to wait. Our attorneys work round the clock to ensure you get quick results and don’t have to live in a financial mess for too long.

You’ll Deal With Professional and Friendly Staff: It can be hard to work with a company that is unprofessional. Our staff members are highly professional and friendly and will answer all your questions about bankruptcy.

You Don’t Need Money to Start: Yes, you read it right. In addition to affordable plans, we offer a special $0 down option for applicants who cannot afford to make advance payments.

Got more questions about our company? Get in touch with us. Call (954) 922-2283 to start a conversation.

Anyone facing financial issues including debt can consider Chapter 7. It’s said to be even more suitable for people facing one or more of these issues:

• Foreclosure risk.
• Stress due to debt.
• Wage garnishment.
• Visiting creditors.
• Fear of the loss of assets.
• Threatening calls.

Bankruptcy can help you avoid these issues and start afresh.

When you work with Stiberman Law, you will have nothing to worry about.

Book a free consultation, have a conversation, and let us file on your behalf.

We’ll review documents, pay the fee, and attend court dates while you rest.

Does Chapter 7 cover unsecured debt?

No, unsecured debt is not covered by Chapter 7.

Can I reapply if my application gets rejected?

You may have the option to reapply once your 180-day waiting period expires.

How much does it cost to file?

Cost varies greatly based on different factors. Get in touch with us to request a quote.

Will I lose my house?

No, Chapter 7 provides protection to the house. Talk to us for a complete list of exempt assets.