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Regain Your Freedom With Chapter 7 Bankruptcy

The idea of bankruptcy can be intimidating. However, clearing all debts can give you a fresh start. When you are not sure how filing for bankruptcy would affect your finances, it is vital to get customized advice.

The Law Offices of K. Hunter Goff, P.A., offers informative counsel so that you can make the best decisions possible for your financial future. Put an end to creditor harassment by meeting with an experienced bankruptcy lawyer. I work with clients throughout Minneola, Clermont and Orlando.

WHAT IS CHAPTER 7 BANKRUPTCY?

Chapter 7 bankruptcy is a process by which you can wipe out unsecured debt while stopping creditors from taking collection actions against you. In a Chapter 7 bankruptcy, your qualifying assets are sold to pay off your creditors. The remaining unsecured debt, such as credit card and medical debt, is then discharged.

Frequently Asked Chapter 7 Bankruptcy Questions

At the Law Offices of K. Hunter Goff, P.A., I can provide you with the answers you need. I have more than 20 years of experience handling bankruptcy law matters for people in Orlando and throughout central Florida. Here are some common questions my clients have.

WHO CAN FILE FOR CHAPTER 7 BANKRUPTCY?

Only people whose income and assets fall below a certain level may file under Chapter 7. Before filing, you must take a means test, which takes into account your income, assets, total debts and other factors. If you do not qualify for Chapter 7, Chapter 13 bankruptcy may be a more attractive option for you.

WILL I LOSE ALL MY PROPERTY IF I FILE FOR CHAPTER 7?

You are allowed to keep many of your personal assets in a Chapter 7 bankruptcy. Bankruptcy exemptions typically allow people to keep a modest home and car, trade tools and most of their personal possessions.

HOW LONG DOES THE CHAPTER 7 PROCESS TAKE?

Generally, a Chapter 7 bankruptcy takes about four to six months from the moment you file until the court discharges your remaining debts. Complicating factors may lengthen that time.

The Benefits Of Chapter 7 Bankruptcy

There are a few different types of personal bankruptcy. Chapter 7 bankruptcy wipes out all of your eligible debt by liquidating some of your assets. On the other hand, Chapter 13 bankruptcy focuses on building a repayment plan over time.

When you file for bankruptcy under Chapter 7 of the Bankruptcy Code, you won’t have to pay a cent back to your creditors and your debt will be wiped clean. Plus, you may be able to keep your home, car and any other property. As your attorney, I can work to protect your property and your interests while reducing overall debt as fully as possible.

When Chapter 7 Bankruptcy Might Be The Right Choice

Filing for Chapter 7 bankruptcy may be particularly appropriate if:

  • You have a disproportionate amount of credit card and medical debt
  • You don’t have a lot of personal property
  • You have no or very little income
  • Your credit score is already very low

I work directly with each client to help them plan for their specific goals. Purchasing a home or refinancing an existing mortgage is a goal for many clients after their debts have been discharged, for example. I can answer your questions about Chapter 7 bankruptcy from an experienced legal perspective.

Contact Our Orlando Chapter 7 Bankruptcy Attorney For A Free Consultation

Reach out to my law firm to find out if Chapter 7 bankruptcy might be the fresh start you need. Call 352-577-7689 or email me to discuss your financial and legal opportunities.

The Law Offices of K. Hunter Goff, P.A., is a debt relief agency. The firm helps people file for bankruptcy relief under the Bankruptcy Code.