Boca Raton Chapter 7 Bankruptcy Lawyer
Learn About Liquidation Bankruptcy: Call (800) 843-1165
Also known as straight or liquidation bankruptcy, Chapter 7 bankruptcy
allows an individual to liquidate overwhelming debt, essentially hitting
a restart button on their financial life. Chapter 7 bankruptcy is typically
a quick procedure that can eliminate most, if not all, an individual's
debt. This option allows the filer to achieve a second chance within a
matter of months.
With help from a knowledgeable Boca Raton bankruptcy lawyer, there is a
very good chance that you may be able to liquidate your debt while holding
onto your home and vehicle. Our team at the
Law Offices of David Kovari, P.A. can help you achieve this goal. We have
helped thousands of clients with our seasoned and effective counsel. Don't risk your financial
well-being by filing for bankruptcy alone.
Is Chapter 7 bankruptcy right for you?
Call (800) 843-1165
to speak with our firm.
Liquidating Debts Under Chapter 7 Bankruptcy
First, find out whether or not you qualify for Chapter 7 bankruptcy. Not
everybody is eligible for Chapter 7 bankruptcy due to its income restrictions.
The United States Congress has established a "means test" to
be taken in order to determine whether or not an individual qualifies
for Chapter 7 bankruptcy. Individuals with high disposable incomes may
be able to file for
Chapter 13 bankruptcy instead.
Numerous forms of debt can be discharged under Chapter 7, including:
- Credit card debt
- Medical bills
- Collection agency accounts
- Business debts
- Personal loans from friends, employers, and family members
- Auto accident claims unless the claim involved drunk driving
- Social Security overpayments
- Dishonored checks where fraud is NOT involved
- Past due utility bills
- Money owed to the IRS, after a specified number of years
- Veterans assistance loans / overpayments
- Other forms of unsecured debt
Call the Law Offices of David Kovari, P.A.
today at (800) 843-1165
for a free
to discuss your debt. We proudly serve all of South Florida.