Filing for Chapter 7 Bankruptcy is a difficult choice. You’re probably receiving a barrage of phone calls and letters from collection agencies. Your wages may have already been garnished and your home may be in foreclosure. We can help you figure out your best options. Sometimes, in the middle of a storm, the best thing you can do is phone someone you trust for help.
Robert Stiberman is a top rated Chapter 7 Bankruptcy lawyer serving Broward, Miami Dade and Palm Beach counties in Florida. His law firm, Stiberman Law, is comprised of a team of experienced Chapter 7 Bankruptcy attorneys with a proven track record of working in the law industry.
We’d like to provide you with real advice based on our experience handling bankruptcy filings in Florida. We know that there are many reasons you may be at this point in your life. Medical expenses, a failed business or other things beyond your control can leave you financially strapped. We’re here to help you turn the page and begin building a better financial future for you and your family.
No matter how difficult your situation may be, Stiberman Law has the resources and experience to manage your case.
If you’re considering Chapter 7 Bankruptcy, contact us. An experienced Florida Chapter 7 Bankruptcy lawyer at Stiberman Law can speak with you today about your situation and can discuss your options with you. The consultation is completely free.
We Can Help You To
Filing for Chapter 7 bankruptcy in Florida is the fastest and cheapest way to get a fresh start on your finances. Borrowers will need to pass a means test – based on your income, the size of your family and your disposable income. This type of bankruptcy filing allows you to protect your exempt assets, which may include your home and your vehicle, as well as your pension. Other non-exempt assets will be liquidated. The proceeds will be used to satisfy your creditors.
Many clients come to us because the bank has started foreclosure proceedings on their home. When you file for Chapter 7 bankruptcy, an automatic stay is enacted by the bankruptcy judge. This pauses all collection efforts by your creditors, including foreclosure.
If you are behind on your mortgage, your lender will most likely respond to the notice from the bankruptcy court. They will request permission to restart the foreclosure process. If it is granted, the foreclosure process will restart from the beginning. If it is not granted, the process will restart once your bankruptcy proceedings have concluded.
Chapter 7 bankruptcy is not the best fit for saving a home in foreclosure. It does not discharge past due mortgage payments. But you can take advantage of the delay in foreclosure to find a new place to live.
This is one example, among many, that highlight the advantages of hiring an experienced West Palm Beach Chapter 7 bankruptcy attorney. Stiberman Law can help you understand your options and find the best solution to accomplish your goals.
If you’re considering bankruptcy, contact us. We will take the time to explain your options so that you can make the right choice for you and your family.
Frequently Asked Questions
When you file for Chapter 7 bankruptcy in Florida, all collection efforts are halted. This means that collection agencies will stop calling and you’ll get some breathing room to figure out your next steps.
Your Florida Chapter 7 bankruptcy lawyer will help you list all of your current debts. It’s important to pull a current credit report to ensure you have every debt listed in your filing. If you forget to include a creditor in your filing, the debt you owe them will not be discharged through the bankruptcy.
Your assets are accounted for and divided into two categories: exempt and non-exempt. Exempt assets may include a home, a personal vehicle or a pension. There are specific limits for the value of exempt items. Your bankruptcy attorney will be able to help you identify and account for your exempt assets in your filing.
Your non-exempt assets, if you own any, will be transferred to a trustee. The trustee is responsible for liquidating your non-exempt assets in an effort to satisfy your creditors. In some cases, you may be able to purchase some of your assets back from the trustee as part of a Chapter 7 bankruptcy.
The proceeds from the sale of your non-exempt assets are transferred to your creditors. If you’ve followed all of the steps correctly, you will emerge from Chapter 7 bankruptcy with little to no outstanding debt obligations.
A Chapter 7 Bankruptcy attorney can provide specific advice and tell you how to proceed in your particular situation.
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Meet Robert Stiberman
The South Florida law firm of Stiberman Law, provides legal representation and counsel in matters of Chapter 7 Bankruptcy.
Speaking to our law firm is always 100% confidential. We do our best to respond to inquiries in under 24 hours.
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