Chapter 7 Bankruptcy Attorney In Central Florida
Is Chapter 7 Bankruptcy Right for Me?
In a Chapter 7 bankruptcy, you may be able to eliminate many types of debt, which can include payday loans, medical bills, credit cards, personal loans, and the remaining balances from repossessions. This form of bankruptcy provides a fresh financial start by discharging these burdensome debts, allowing individuals to regain control of their finances. Notably, in many cases, you can keep important property—such as your home or car—as long as you remain current on your payments and meet Florida’s exemption requirements. It's essential to understand that filing a Chapter 7 case also puts an immediate halt to any lawsuits against you, prevents wage garnishments, stops your bank accounts from being frozen, and ends the relentless pressure from creditors that can be overwhelming.
Because Chapter 7 comes with specific requirements and eligibility rules, it’s important to work closely with a knowledgeable professional who understands the intricacies of the process and can guide you through it in a clear and supportive manner. Attorney John A. Russo has dedicated more than 19 years to helping individuals throughout Central Florida find meaningful debt relief and a fresh financial start, leveraging his extensive experience to advocate for his clients effectively. To learn how he can assist you in taking the next steps towards financial freedom and stability, don’t hesitate to contact his office today.
Call The Law Office of John A. Russo, P.A. at 833-RUSSOFL to schedule a consultation with a lawyer today.
Are There Any Types of Debt Chapter 7 Doesn’t Cover?
Unfortunately, Chapter 7 bankruptcy does not eliminate every type of debt that you might be facing. Specifically, obligations such as recent income taxes, child support payments, spousal support, and most student loans must still be addressed separately, as they fall under categories that the bankruptcy process cannot discharge. However, by wiping out your other qualifying debts through Chapter 7, you can significantly free up more of your budget, allowing you to better manage and fulfill these remaining financial responsibilities without feeling overwhelmed.
Given that these rules can be quite complex and vary depending on individual circumstances, it’s crucial to work with someone who truly understands how bankruptcy laws apply to your specific situation. Attorney John A. Russo will take the time necessary to thoroughly review your financial picture, explain in clear terms what Chapter 7 can and cannot do for you, and assist you in developing a detailed plan that aims to put you on a more stable and secure path moving forward. Take the first step toward regaining control of your financial future by scheduling a consultation today to discuss your options and find out how you can navigate this challenging process.
What Are Some of the Requirements for a Chapter 7 Bankruptcy?
To ensure that Chapter 7 bankruptcy is utilized by individuals who genuinely find themselves in financial distress, the law mandates that all applicants successfully pass a means test. This means test plays a crucial role in assessing whether your income falls below a certain threshold, thereby indicating that repaying your debts is not realistically feasible given your current financial situation. In addition, you are required to complete an approved financial counseling course within the six months leading up to your bankruptcy filing.
Given that these requirements can be complex and are often time-sensitive, it becomes vital to consult with a bankruptcy attorney early in the process. Attorney John A. Russo is dedicated to reviewing your financial circumstances in detail, guiding you through the nuances of the means test, and ensuring that all necessary actions and paperwork are meticulously completed. This thorough approach is aimed at facilitating a smooth progression of your case, helping you to navigate the intricate legal landscape with ease and confidence.
Don’t hesitate to take the first step toward financial relief today; reach out to The Law Office of John A. Russo, P.A. to get started on the path to reclaiming your financial stability.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions About Bankruptcy?
Help is always just a phone call away. Reach The Law Office of John A. Russo, P.A. anytime, day or night,
at 833-RUSSOFL to talk with an attorney who understands.