Are you considering filing for Chapter 7 bankruptcy in West Palm Beach? If you’re struggling to pay your bills, filing for bankruptcy could help. Many families get into debt through no fault of their own. Unexpected medical problems, corporate downsizing or an accident can leave you in a difficult financial position.
Stiberman Law helps struggling families understand their options for handling overwhelming debts. We can look at your specific situation and make comprehensive recommendations. Depending on your circumstances, we may recommend filing for Chapter 7 bankruptcy.
Filing for Chapter 7 bankruptcy is a complex process and it isn’t always the right fit. You need to speak with a West Palm Beach Chapter 7 bankruptcy lawyer to understand your options. Our experienced, local team can handle the entire process on your behalf.
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 West Palm Beach 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.
You do have the option to file for bankruptcy on your own. You will need to pay the filing fees to the court, as well as any fees charged by the trustee responsible for liquidating your assets and satisfying your creditors.
Stiberman Law has an entire team of bankruptcy experts. We don’t believe in a one-size-fits-all approach. Every situation is unique. That’s why we help our clients take advantage of all of the options available to them.
When you hire Stiberman Law to handle your West Palm Beach bankruptcy filing, you can rest assured that the entire process is being managed by a team that cares about your financial future. Our clients know that all of their debts are being properly handled and every step is completed as efficiently as possible. By hiring a bankruptcy attorney to handle your filing, you can save yourself the hassle and aggravation of completing complex paperwork, meeting strict deadlines and appearing in court for every hearing.
Stiberman Law offers payment plans to make hiring a bankruptcy attorney more affordable. We know that this is a difficult time. Our goal is to help you get started on a better chapter in your life as quickly and easily as possible.
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.
Our team has handled hundreds of bankruptcy filings in Florida. Every situation is unique. Relying on self-help tools, like a Google search, could mean that your bankruptcy filing is less effective. If you forget to account for all of your debts, or miss a deadline, you could end up spending a lot of time and money without getting out from under your creditors.
Let us help you understand your options. It all starts with a 100% free consultation with a bankruptcy attorney at Stiberman Law. We aren’t here to judge. We’re standing by to give you answers you can rely on.
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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