Our attorneys at LSS Law are dedicated to helping individuals struggling with overwhelming debt. We can help you regain financial security by filing a Chapter 7 bankruptcy and eliminating the maximum amount of debt possible.
We understand how frustrating it can be to feel uncertain about your financial future, so we thoroughly explain every step of the Chapter 7 process and prepare you for what to expect during the bankruptcy process.
A Chapter 7 bankruptcy is the most common type of case filed by individual consumers.
There are numerous circumstances that may warrant this type of filing, including:
Every bankruptcy filing is unique, but most Chapter 7 cases last 3 months as a standard. This is one of the fastest means for achieving comprehensive debt relief. Additionally, most Chapter 7 debtors are allowed to keep most, if not all, of their assets. It is essential to discuss this matter with a debt relief lawyer before you file your case. Whether you recognize that filing a bankruptcy on your own is difficult or you attempted to handle your own case, we can help.
The bankruptcy court uses a formula called the “means test” to determine whether you are eligible to file a Chapter 7 case. This test is designed to prevent individuals from abusing the bankruptcy system. The test combines your average income over the 6 months prior to filing and subtracts certain IRS allowances for basic living expenses and some of your actual living expenses. The means test can be confusing. You also may be exempt from the means test, for various legal reasons. It is important to seek the assistance of a seasoned bankruptcy attorney to assist you with your Chapter 7 filing.
Most Chapter 7 cases follow a straightforward process. When you successfully complete your case, the bankruptcy court grants you a discharge, which eliminates your personal liability to pay the discharged debts. In most cases, this is tens (if not hundreds) of thousands of dollars the debtor no longer has the responsibility to pay. Obtaining a second chance with your finances in a Chapter 7 is commonly referred to as a “fresh start.”
At LSS Law, we value our relationship with each and everyone of our clients. You are not just a case or a file number, but a person we truly want to help. We assist individuals and businesses throughout Florida, including the counties of Broward, Miami-Dade, Highlands, Indian River, Martin, Monroe, Okeechobee, Palm Beach, and St. Lucie. Let us help you obtain the debt relief you want and provide a brighter financial future.
To learn more, call for a free consultation with our Miami Chapter 7 attorneys. Our team at LSS Law has years of experience.
The often times difficult Chapter 11 bankruptcy that traditionally favored larger companies is now available for small businesses through The Small Business Reorganization Act. Allows us to help you build a comprehensive strategy to navigate the process with the help our recognized team.
Contact us for a no-cost, no-obligation, bankruptcy strategy session.