Boca Raton Chapter 7 Bankruptcy Attorneys

Bankruptcy attorneys at the law office of Padula & Grant, PLLC in Boca Raton can provide the legal assistance and resources that individuals need to file Chapter 7 personal bankruptcy in Florida.

Are you qualified to file Chapter 7 bankruptcy?

Individuals facing severe financial difficulties can qualify for Chapter 7 bankruptcy which will discharge certain debts. If your debts are discharged, you will generally not be liable for those debts. A discharge will avert creditors from taking any further collection actions against you. However, there are many exceptions to Chapter 7 bankruptcy. Before you initiate a Chapter 7 personal bankruptcy, you should seek experienced bankruptcy lawyers to review your case.

How does Chapter 7 bankruptcy work?

If your income is within the Bankruptcy Code guidelines, a trustee will be appointed who will convert your non-exempt assets to cash to pay off your creditors. Any property that has a loan attached such as a mortgage on a home is considered exempt. Check with legal counsel for further information about income, exempt assets, and non-exempt property at the earliest signs of financial difficulty to see if you qualify for Chapter 7 bankruptcy.

What debts are not discharged?

According to the U.S. Courts bankruptcy website, Chapter 7 bankruptcy does not discharge the following debts:

• Spousal support;
• Child support;
• Educational benefit overpayments;
• Personal injury debts, including those resulting in wrongful death or DWI;
• Government loans; and
• Restitution for a criminal matter.

Can the court deny Chapter 7 bankruptcy?

If the court denies you a discharge under Chapter 7 bankruptcy, it may be for one of the following reasons:

• If you failed to document your financial records;
• If you cannot explain any loss of your assets;
• If you committed perjury or fraud;
• If you did not follow a lawful order of the bankruptcy court; or
• If you did not complete a financial management course.

Chapter 7 Bankruptcy Lawyers

Chapter 7 guidelines are complex and it is wise to have an experienced lawyer by your side if you choose to file for bankruptcy in Florida. Call the Chapter 7 bankruptcy lawyers of Padula & Grant in Boca Raton for a free consultation to review your Chapter 7 bankruptcy matter. Feel free to complete our quick contact web form or call us today at 561.544.8900.