Chapter 7 Bankruptcy Lawyer in West Palm Beach

Start the Path to Financial Freedom — Schedule a Consultation with our Chapter 7 Law Firm in West Palm Beach Today

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Threats of lawsuits, wage garnishment, and endless calls from creditors can feel overwhelming and scary, but debt relief is available. When you can’t pay your bills and your debt is growing, filing for bankruptcy may be the best option to create a new path forward, but you shouldn’t try to navigate this process alone. At Stiberman Law, you can work with an experienced Chapter 7 bankruptcy lawyer in West Palm Beach who will fight for your best interests and help you move forward into a more secure, confident financial future. FREE CONSULTATION

Understanding Chapter 7 Bankruptcy

Chapter 7 bankruptcy is also referred to as liquidation bankruptcy. During this process, you’ll report all your debt information and income, and as soon as the bankruptcy filing begins, all secured and unsecured creditors must cease collection attempts.

A bankruptcy trustee is assigned to your case, and they will assess your personal property and gather your nonexempt valuable assets, such as a second vehicle or money in a savings account. They will sell off those assets to pay off as much of your debt as possible, and after this is complete, any eligible, unsecured debt that is not paid is discharged by the bankruptcy court. This means you are no longer responsible for paying these debts and creditors can no longer attempt to collect. From start to finish, the process takes between three and six months.

Trusted West Palm Beach Chapter 7 Bankruptcy Lawyer - Robert A. Stiberman

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 specifically designed for people with little to no extra income to repay creditors to get out from under the crushing weight of debt.

Chapter 7 Means Test and Eligibility

To minimize the number of people who can receive debt elimination, rather than repayment, a means test is required. Under United States bankruptcy law, your income must be below the median income in your state for your family size for you to be automatically eligible to file Chapter 7. For example, in Florida, the median income for a family of four is $89,206, so if your annual income is below this, this option will be available to you.

If you make over this amount, the bankruptcy court will then look into your average monthly income as well as your monthly expenses, taking into account housing, groceries, medical care, and utilities to determine your disposable income. If a bankruptcy judge determines you can pay on some or all of your debt, you may need to file for Chapter 13 bankruptcy.

Types of Debt Owed

Even if you are eligible to file for Chapter 7, it may not be the best option for you. If much of your debt is due to student loans, or you’re concerned about losing your property, another option may lead to a better outcome for you. Working with an experienced Chapter 7 bankruptcy lawyer is essential to making sure you have the best information and can make an informed choice for your financial future.

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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.

Stiberman

Why Choose Stiberman Law as Your Chapter 7 Lawyer

While it’s not a legal requirement to have a Chapter 7 attorney file bankruptcy on your behalf, it is highly beneficial and recommended. This is a complex legal procedure that can be difficult to navigate on your own. Having an advocate can reduce your stress as well as improve your outcome by:

  • Answering your specific questions about your bankruptcy case.
  • Give you detailed information about the paperwork you’ll need to file.
  • Completing bankruptcy forms to ensure accuracy.
  • Filing exemptions to protect your assets.
  • Appearing in court to fight back against your debtors.

Stiberman Law has been serving clients in West Palm Beach and the surrounding area since 1998. With over 100 5-star reviews, you can feel confident that you will work with a bankruptcy attorney with the experience and knowledge needed to help you secure a faster process and a more favorable outcome. From your first free consultation to the completion of your bankruptcy case, we’re by your side to help you through the process:

In addition to our legal counsel and experience, we offer you an affordable way to file for bankruptcy with $0 down options and low payment plans.

Frequently Asked Questions About Chapter 7 Bankruptcy

We understand you have questions and concerns. To help you better understand the process, we’re sharing some information related to our most frequently asked questions about Chapter 7 bankruptcy.

Schedule a Free Consultation
with a West Palm Beach 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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