Palm Beach Chapter 7 Lawyer

Bankruptcy is a reliable way to get rid of debt. It can help you start afresh and avoid problems such as threatening calls and irritating creditors.

What is a Chapter 7 Bankruptcy?

Chapter 7 is a powerful legal tool that can erase a variety of debts, including medical debt, credit card debt, payday loans, and car loans.

More than 39 million people have filed for bankruptcy in the US with nearly 70 percent of all applicants choosing Chapter 7 due to its many benefits.

It works by "liquidating" the applicant's nonexempt assets. The law defines how this amount is to be distributed.

The entire process can take three to four months to complete. You can file on your own or hire the services of a bankruptcy attorney. Having legal help will make things easier and ensure there are no unnecessary delays.

Call (954) 922-2283 for a FREE CONSULTATION

Your Trusted Palm Beach Chapter 7 Attorney

Founded by Robert Stiberman, Stiberman Law is a bankruptcy legal advisory firm offering a variety of bankruptcy-related services including filing and consultation.

We have been in the business for more than 22 years and have served thousands of clients in and around Palm Beach. We work with both individuals and businesses and compromise a talented and professional team of bankruptcy attorneys.

Our plans are affordable and suitable for all kinds of people. You can start with a free consultation to get answers to your questions. Moreover, we also offer a special $0 down option that is suitable for applicants who do not want to make advance payments.

Call (954) 922-2283 to speak to our team members and know more about us.

Chapter 7 offers debt relief but it might not be suitable for everyone. It might be the right solution for people dealing with one or more of these issues:

• Wage garnishment, i.e.: your employer cutting a portion of your income to pay your creditors
• Threatening calls, i.e.: creditors sending you mail or calling you resulting in harassment
• Mental stress, i.e.: tension and worry caused due to debt
• Foreclosure risk, i.e.: failure to make timely payments causing you to lose your property

It might also be a suitable option if you do not have enough money to pay your debt.

Call (954) 922-2283 for a FREE CONSULTATION

The process can be complicated, especially if you decide to apply on your own without legal help.

You will have to individually submit forms, collect the required documents, and work with an assigned trustee. You may even have to visit the court from time to time and inform your creditors.

All this can be taxing and time consuming. Working with Stiberman Law will take the burden off your shoulders and make things easier for you.

We’ll file on your behalf and even inform your creditors.

Do I only mention nonexempt assets?

No, you must mention both exempt and nonexempt assets.

Does Chapter 7 impact credit reports?

Yes, it does impact credit reports.

Can I file for bankruptcy without an attorney?

Yes, but having an attorney can make things easier.

What happens if my application gets rejected?

The success rate is over 90 percent for Chapter 7; however, some applications may get rejected. If such is the case, discuss with your attorney to find the reason for rejection. You may have the option to reapply.