Chapter 7 Bankruptcy Lawyer in Boca Raton

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Filing for bankruptcy can be an overwhelming, difficult process, but with an experienced Chapter 7 bankruptcy lawyer in Boca Raton, you can move forward, free of debt and facing your future with confidence. Since 1998, Stiberman Law has helped clients just like you navigate the bankruptcy process, escape the weight and stress of debt, and start over with a clean slate. From the first, free consultation to the closure of your case, we’re by your side, advocating for your best interests and helping you achieve financial freedom. FREE CONSULTATION

Understanding Chapter 7 Bankruptcy

Chapter 7 is a type of bankruptcy for people with serious debt but little to no expendable income to put toward a debt repayment plan. This is a liquidation bankruptcy, in which your creditors, income, financial records, and data are submitted with your petition in bankruptcy court. As soon as your petition is accepted, an automatic stay goes into effect stopping all debt collection attempts. This includes wage garnishment, lawsuits, and even letters and phone calls from creditors.

The court assigns a bankruptcy trustee to assess your personal property and gather your valuable, nonexempt assets. Nonexempt assets include:

  • Secondary vehicles
  • Recreational vehicles and boats
  • Artwork
  • Jewelry
  • Valuable collections, such as coins or stamps.

These items will be sold, and the trustee will use the proceeds to pay off creditors. Once this is complete, all eligible, unsecured debt will be discharged and creditors can not contact you moving forward. The bankruptcy process takes around three to six months.

Stiberman Law has the experience and resources to resolve your legal challenges.

Eligible Debt

The following types of unsecured debts can be discharged during Chapter 7 bankruptcy:

  • Medical bills
  • Credit card debt
  • Payday loans
  • Old utility bills
  • Unsecured personal loans
  • Tax debt (in some instances)
  • Vehicle repossession debts

Ineligible Debt

These types of debt are not eligible for a bankruptcy discharge:

  • Most student loans
  • Income tax or property tax debts (especially recent taxes)
  • Alimony
  • Child support
  • Civil judgments, such as fines or payments owed in a personal injury case.
  • Secured debts, such as your mortgage or car loan. Though if you are evicted, or your car is repossessed, any fees or debts related to those will be discharged.

A Chapter 7 bankruptcy attorney from Stiberman Law will fight to have as much of your debt eliminated as possible to ensure you’re starting over with a clean slate and a secure future.

Is Chapter 7 Bankruptcy Right for You?

Chapter 7 bankruptcy is often the right choice for people with high credit card balances, excessive medical bills, and other unsecured debts, but minimal income and few valuable assets with which to pay them. However, this option may not be right for everyone.

Chapter 7 Means Test

In order to file for Chapter 7, federal law requires a means test to determine eligibility. The United States bankruptcy law requires your income to be below your state’s median income for your family’s size. For example, the median income for a family of four in Florida is $89,206. If your annual income is below this, you are eligible. However, the court will still look at your average monthly income and expenses, and if the bankruptcy judge determines that you can still afford to make a monthly payment, they may not grant your petition and instead recommend you file for Chapter 13, which requires a monthly payment plan to put toward debt.

Even if your income is higher than this, you may still be eligible to file for Chapter 7 becauses the bankruptcy judge will still look at your expenses, including housing, food, and other essentials. If the court finds that your expenses don’t leave you with any disposable income to put toward your debt repayment, they may grant your petition. Having an experienced Chapter 7 bankruptcy attorney who can assist you with recording accurate income and expense data can help improve your likelihood of having your petition granted.

Types of Debt Owed

Even if your petition would be granted, Chapter 7 may not be the best option, especially if gyou have a lot of equity in your home, are worried about losing property, or much of your debt couldn’t be discharged, such as student loans. Sitting down with a member of our law firm to discuss your unique details can help you make an informed decision that will lead to a favorable outcome.

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Schedule a free consultation by filling out the form below or Call us (954) 922-2283

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Mon-Fri 8:00 am to 8:00 pm
Saturday 9:00 am to 6:00 pm

Speaking to our bankruptcy law firm is always 100% confidential.

Choosing Stiberman Law As Your Chapter 7 Bankruptcy Lawyer

Even though you aren’t required to have a Chapter 7 attorney file bankruptcy for you, it’s not a good idea to go through this alone. From making sure your paperwork is accurate and you have proper documentation, to pushing back against creditors, having a legal advocate ensures the process is faster, smoother, and has better results than if you try to navigate bankruptcy on your own.

Your Free Consultation

Before filing bankruptcy, we will sit down with you for a free consultation to discuss:

  • Your financial situation, including your income, belongings, unsecured debts and secured debts.
  • Paperwork we need to file, including your paycheck stubs, tax returns, and other supporting documents.
  • Your best options for debt relief, whether that’s Chapter 7 bankruptcy or another option
  • What debts are eligible and ineligible to be discharged.
  • What you can expect during the bankruptcy process.
  • Necessary information to use in your petition.
  • Fees, costs, and setting up an affordable monthly payment plan.

The Bankruptcy Process

After your free consultation, we are with you at every step, including:

  • Filling out all necessary paperwork to file your bankruptcy petition.
  • Providing you with your legally required credit counseling.
  • Contacting creditors who have broken the automatic stay after filing begins.
  • Representing you in bankruptcy court when you go before the judge.
  • Attending hearings and meetings with creditors on your behalf.
  • Filling out exemption paperwork to protect your assets.

Once your bankruptcy case is closed, you’ll get a report with any debts not discharged or paid off, and their balances, such as child support or student loan debt.

Why Choose Stiberman Law?

Every member of our law firm is committed to helping you achieve debt relief through a simple, swift bankruptcy process. With over three decades of experience and over 100 5-star reviews, you can feel confident that we have the experience, knowledge, and dedication you need to navigate bankruptcy and get the results you deserve.

Worried about affording a Chapter 7 lawyer in Boca Raton? We offer $0 down solutions with low monthly payments so you get the legal representation and guidance you need.

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Frequently Asked Questions About Chapter 7 Bankruptcy

We know filing bankruptcy can be confusing and overwhelming. To help you better understand the process, we’re sharing some information related to our most frequently asked questions about Chapter 7.

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with a Boca Raton Chapter 7 Lawyer Today

If you are ready to break free from medical debt, credit card bills, and more, we can help. Schedule a free consultation with our law firm today by calling (954) 932-7804 or filling out the form below to get started.

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