Palmetto Bay Chapter 7 Lawyer

Bankruptcy isn’t looked at in a positive light despite offering many benefits. As a bankruptcy firm, it is our duty to educate our clients about the advantages and disadvantages of Chapter 7, the most popular type of bankruptcy, and how it works.

Continue reading this page for more information or get in touch with us if you want to file.

What is a Chapter 7 Bankruptcy?

It is a type of bankruptcy that involves liquidating the applicant’s nonexempt assets and distributing the proceeds to qualifying creditors.

There’s an emphasis on two words:

Nonexempt: Only nonexempt assets are sold. Chapter 7 is preferred by people as it safeguards properties including homes, vehicles, and jewelry to a specific value.

Qualifying: Only unsecured debts qualify under this type of bankruptcy. Examples include credit card debt, medical bills, most personal loans, and some student loans. No unsecured debts are covered.

Still have questions? Get in touch with us today.

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Ring (954) 922-2283

Choosing a Palmetto Bay Chapter 7 Bankruptcy Lawyer

You can choose to file on your own without a professional agency by your side; however, hiring the services of a law firm can brighten your chances and help you save time and money.

Headed by Robert Stiberman, Stiberman Law is a bankruptcy firm with qualified and experienced attorneys who can handle all kinds of Chapter 7 cases.

When you work with us, you will receive top class service at affordable rates. Book a free consultation today to know more about our packages and services. We have a special $0 down option for people who cannot afford to make advance payments.

Call (954) 922-2283 to speak to us.

Not everyone should file Chapter 7, consider this option only if you owe someone money and have no means to pay it back at the specified time.

The purpose of Chapter 7 is to secure the rights of both the creditor and the debtor. You will get to keep your important assets and your creditors will get paid.

Let our experts explain the advantages to you.

About 75 of people who choose to file for bankruptcy opt for Chapter 7 for the following reasons:

• It can help you solve issues such as wage garnishment, foreclosure.
• Chapter 7 is a fast way to restart your financial life.
• There’s little to no risk of losing your important assets.
• The rejection rate is very low – around 10 percent.

Don’t let the process intimidate you, have us handle everything for you.

Here’s how it works:

• Book a free consultation and submit the required documents to our team.
• If you qualify, we’ll inform you and file on your behalf.
• We’ll attend court meetings on your behalf and handle all legal matters including fee submission.

Can Chapter 7 help clear my student loans?

Some student loans are covered under the program. Talk to us to discuss your situation.

What’s the success rate?

The success rate is around 90 percent.

Can I hide some of my assets?

No, it’s important that you mention all assets. Get your documents reviewed by a professional to ensure there are no issues.

How much does it cost?

Cost depends on several factors including your state. Get in touch for a quote.