Coconut Grove Chapter 7 Lawyer

Stiberman Law offers bankruptcy services in and around Coconut Grove. We work with both businesses and individuals and can make the process easier for you.

What is a Chapter 7 Bankruptcy?

Chapter 7 is a type of bankruptcy that involves liquidating nonexempt assets and distributing funds generated to creditors in a predefined manner.

It is used to clear away a variety of unsecured debts such as credit card debt, personal loans, medical bills, income tax debt, mortgages, automobile loans, etc.

While you can file for Chapter 7 on your own, having legal help can make things easier and ensure there are no issues during or after the process.

Chapter 7 has a success rate of more than 90 percent. However, the entire process can take around four months to complete and there might be delays due to wrong information or missing documents.

Working with a legal firm like Stiberman Law can help ensure there are no issues and with your application.

Your Trusted Coconut Grove Chapter 7 Bankruptcy Lawyer

Trust is an important factor in law. Your lawyer will have access to private documents including your credit report, hence it is important to work with a company that goes all out to keep your documents secure.

At Stiberman Law, we understand the importance of privacy and ensure your data remains safe.

We have been in the business for over 22 years and have handled hundreds of clients in and around Coconut Grove.

Headed by Robert Stiberman, Stiberman Law offers a free consultation to new clients. You can use this opportunity to get answers to all your questions about our services and bankruptcy.

Ready to file? Contact us to get a quote. We offer affordable rates with the option to choose from many packages including a $0 down plan that allows you to start the process without making any advance payments.

Bankruptcy is said to be suitable for people dealing with one or more of these issues:

• Difficulty making payments to get rid of debt.
• Afraid of foreclosure.
• Threatening calls from creditors.
• Stress and worry due to debt.

Chapter 7 might not be suitable for everyone with debt as there are some conditions you must meet in order to qualify.

Talk to us to know more about Chapter 7 and if it is the right fit for you.

The process involves submitting a variety of documents including a list of your assets and liabilities. These documents are verified by the court after which you might be called for a meeting.

You can make things easier by working with us and choosing Stiberman Law as your legal representative.

We’ll take care of everything from submitting documents to attending court dates.

Book a free consultation to know more about the process and how Stiberman Law can help.

Can I reapply if my case gets dismissed?

Yes, but you must wait for at least 181 days before applying again. Make sure to work with a lawyer to understand why your first application got rejected so that it doesn't happen again.

Does it cover student loans?

Chapter 7 covers student loans but there are some conditions.

What's exempt under Chapter 7?

Exempt assets include jewelry, vehicles, homestead, retirement accounts, personal property such as household items, tools, public benefits, insurance benefits, and child support. However, there is an upper limit on the value of each exemption.

Does it appear on credit reports?

Yes, it does appear on credit reports and can impact your credit score.