Fort Myers Chapter 7 Bankruptcy Lawyers
Will Chapter 7 Bankruptcy Work for Me?
Are creditors hounding you with constant calls and letters to try to collect debts you can’t pay? Chapter 7 bankruptcy comes with incredible relief – all contact from creditors by phone, letter, text or other method is brought to a complete stop – and that is just the beginning of the benefits you could enjoy.
What is Chapter 7 Bankruptcy in Fort Myers?
Chapter 7 is a federal program that was created to provide a fresh start for people who face overwhelming debt. The process is fast, requiring only about four to five months to complete. This is the most common form of bankruptcy filed in the USA, allowing many debts, if not all debts, to be discharged -- gone forever.
Eligibility for Chapter 7 Bankruptcy
This form of bankruptcy is often ideal for people who are struggling to make the monthly bills and need to get back in control of their finances. To determine if you are eligible, you are required to take a test, called the “means test.” This test involves revealing every form of income for the past six (6) months. If, after completing the means test, your income is less than Florida’s median income, you will qualify for Chapter 7. It is wise to have assistance from an expert Fort Myers Chapter 7 bankruptcy attorney before taking the test, to ensure you properly calculate your income and debts. Many so-called bankruptcy attorneys do not know how to properly calculate the means test.
What are the Benefits of Filing Chapter 7 Bankruptcy?
Chapter 7 bankruptcy offers an incredible level of relief for people who are facing a crushing debt load. The benefits include:
- An “automatic stay” order that prohibits creditors from contacting you.
- Wage garnishment is halted.
- Your home, vehicle, or other property cannot be repossessed during the process.
- Most lawsuits will be halted.
- Your utilities cannot be cut off after filing.
- Most unsecured debt is discharged, gone forever.
Some debts can’t be discharged, including spousal support, child support, some tax debts, some student loans, personal loans, personal injury judgment payments, or payments ordered for criminal restitution.
What is the Chapter 7 Process?
Filing Chapter 7 involves the following steps:
- A credit counseling course is required to be completed before filing.
- The bankruptcy petition is prepared and filed. This is best achieved with the assistance of an expert attorney. The petition and schedules list all income, expenses, assets and debts.
- An automatic stay is issued that halts all collection actions.
- The case is assigned to a Chapter 7 bankruptcy trustee.
- The Trustee holds a meeting of creditors (very rarely do creditors attend) and will review the your paperwork to make sure that you have crossed your T’s and dotted your Is.
- Most, if not all, of your unsecured debt may be discharged, such as credit card debt and medical bills.
Can you Keep your Home and Car with Chapter 7?
Chapter 7 provides the opportunity for a fresh start by removing the crushing burden of bills you cannot pay. Your home and car will be protected as long as you pay all payments on time going forward, and we can exempt the equity. When the majority of your debts have been discharged, it makes it much more easier to stay current with mortgage and car payments. Most people lose nothing in Chapter 7 – except debt!
Rebuild your Financial Health with Chapter 7 Bankruptcy.
Life can throw you a curveball, such as losing a job, a divorce, or a health condition that requires expensive medical treatments. If your debt load is out of control and impossible to manage, Chapter 7 may be the ideal way to start over and rebuild your finances.
Why Choose The Dellutri Law Group, PA in Fort Myers?
At The Dellutri Law Group, PA, you can expect expert bankruptcy attorneys, personalized service and a support of a team that works hard to make filing Chapter 7 as easy on you as possible. Our goal is to help you receive the fresh financial start you deserve. We offer a complimentary strategy session where we listen, ask questions, ask more questions, and offer advice based upon the answers to those questions.
Contact The Dellutri Law Group, PA at (800) 391-4337 for information about filing Chapter 7 in Fort Myers.
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