Biscayne Park Chapter 7 Lawyer

Bankruptcy is not considered a good thing despite offering several benefits. It can help you restart your life and avoid embarrassing situations. Thousands of people every year file for bankruptcy with Chapter 7 being the most popular choice.

What is a Chapter 7 Bankruptcy?

Chapter 7, also known as liquidation bankruptcy, involves paying pending debts by “liquidating” the applicant’s qualifying assets. There is an emphasis on the word ‘qualifying’ as Chapter 7 exempts certain assets to protect the applicant. Exempted assets include not just the homestead and up to $1000 of equity in your vehicle but also some personal assets.

It can help you get rid of a variety of debts including medical bills, credit personal loans, some income tax debt, and automobile repossession charges. However, secured debts aren’t covered.

Most applicants choose Chapter 7 due to its benefits including exemptions and a high success rate of over 90 percent.

You can file for Chapter 7 without hiring the services of a legal firm; however, it might be a good idea to work with a professional as having legal help can take the burden off your shoulder and ensure the process goes smoothly.

Stiberman Law has been in the business for over 22 years and can be your guiding force. Contact us to know more.

Your Trusted Biscayne Park Chapter 7 Bankruptcy Lawyer

We understand debt like the palm of our hands. In our 22 years of experience, we have helped thousands of businesses and individuals get out of debt.

Our team is highly professional and can handle Chapter 7 cases like nobody else. We offer both consultation and filing and can help you get out of financial issues.

You can choose from our several affordable plans including a special $0 down option designed for clients who cannot make advance payments.

Headed by Robert Stiberman, Stiberman Law is a reputable legal firm that'll do all the work for you.

Start with a free consultation to find more.

We don’t suggest bankruptcy to every one. Our team carefully looks at several factors to decide if Chapter 7 can be a suitable option for an applicant. In most cases, it’s recommended in situations where you have no money to pay your debt and it is causing you mental stress.

Chapter 7 can also be a fast and reliable way to stop threatening calls and prevent creditors from banging your door.

Other issues it solves include wage garnishment and foreclosure.

Have a conversation with us if you feel Chapter 7 suits you.

Bankruptcy can be a little complicated to understand, especially for a new applicant. You can make it easier by working with a legal firm like Stiberman Law.

We’ll file on your behalf and even inform your creditors so you can stop receiving calls from them.

Book your free consultation and let our team inspect your documents to see if you can be a candidate for Chapter 7. If suitable, we’ll seek your consent and go ahead with the process.

The entire process can take up to four months but you will not have to worry or appear in court as we’ll handle everything as your legal representative.

Is Chapter 7 the only type of bankruptcy?

No, there are other options as well including Chapter 11 and Chapter 13; however, Chapter 7 is said to be the easiest to file.

Can I file for Chapter 7 if I have no job?

Yes, being unemployed can help you qualify for bankruptcy.

Will I have to pay a fee when filing Chapter 7?

Yes, you will have to pay court charges, state fees when filing Chapter 7.

What if my application gets rejected?

You may have the option to reapply. Talk to a professional to know more about what went wrong so that you do not get rejected again.