Bankruptcy Protection
Chapter 7 Bankruptcy
If you file a Chapter 7 bankruptcy, you may be able to obtain a discharge of the following debts:
* Hospital Bills
* Payday Loans
* Lawsuit Judgments
* Credit Card Bills
The current bankruptcy laws require you to pass a means test to file Chapter 7 bankruptcy. You may be able to file Chapter 7, if your current monthly income is below the adjusted median income in Florida.
There are options for individuals with incomes above the Florida adjusted median income, when you factor in living expenses such as medical insurance, retirement plan contributions, and car payments. Our experienced bankruptcy attorneys have successfully helped many individuals file Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
An individual may be able to qualify for Chapter 13 bankruptcy as another means of debt relief, if Chapter 7 is not an option. It is important to realize that certain debts are not dischargeable by Chapter 13 bankruptcy, such as child support, taxes, car payments and mortgage payments. However, certain assets can be kept, by filing a reaffirmation agreement with the court and making payments.
Assets and Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, a bankruptcy trustee can take assets for paying your debts, a method known as "liquidation". However, in Florida, there are specific types of property that are exempt from seizure.
This exempt property can include:
* Home equity
* Equity in your car up to $1000
* Personal property up to $1,000
If you are being harassed by creditors, facing eviction, wage garnishment, repossession or foreclosure, you may be able to file Chapter 7 bankruptcy to put all of this on hold.
Contact our office today to speak to one of our experienced bankruptcy attorneys to discuss your personal matter.
At LaBovick & LaBovick, P.A., our legal professionals are devoted to assisting you in working through this complicated area of law.
Please contact us for a free case evaluation. You can fill out the form to the right for an assessment of your personal matter.
If you prefer to discuss your matter with a Florida bankruptcy attorney, please feel free to call us at 1.888.777.3884 for your free consultation.
If you file a Chapter 7 bankruptcy, you may be able to obtain a discharge of the following debts:
* Hospital Bills
* Payday Loans
* Lawsuit Judgments
* Credit Card Bills
The current bankruptcy laws require you to pass a means test to file Chapter 7 bankruptcy. You may be able to file Chapter 7, if your current monthly income is below the adjusted median income in Florida.
There are options for individuals with incomes above the Florida adjusted median income, when you factor in living expenses such as medical insurance, retirement plan contributions, and car payments. Our experienced bankruptcy attorneys have successfully helped many individuals file Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
An individual may be able to qualify for Chapter 13 bankruptcy as another means of debt relief, if Chapter 7 is not an option. It is important to realize that certain debts are not dischargeable by Chapter 13 bankruptcy, such as child support, taxes, car payments and mortgage payments. However, certain assets can be kept, by filing a reaffirmation agreement with the court and making payments.
Assets and Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, a bankruptcy trustee can take assets for paying your debts, a method known as "liquidation". However, in Florida, there are specific types of property that are exempt from seizure.
This exempt property can include:
* Home equity
* Equity in your car up to $1000
* Personal property up to $1,000
If you are being harassed by creditors, facing eviction, wage garnishment, repossession or foreclosure, you may be able to file Chapter 7 bankruptcy to put all of this on hold.
Contact our office today to speak to one of our experienced bankruptcy attorneys to discuss your personal matter.
At LaBovick & LaBovick, P.A., our legal professionals are devoted to assisting you in working through this complicated area of law.
Please contact us for a free case evaluation. You can fill out the form to the right for an assessment of your personal matter.
If you prefer to discuss your matter with a Florida bankruptcy attorney, please feel free to call us at 1.888.777.3884 for your free consultation.