St. Petersburg Chapter 7 Bankruptcy Lawyer
Filing for Chapter 7 “Liquidation” Bankruptcy
If you are struggling to keep up with your debts, Chapter 7 bankruptcy may be the right option for you. With the help of a St. Petersburg bankruptcy attorney at Boss Law, you can take the first steps toward the fresh financial start you need. With more than 10 years of experience, Attorney Christopher Boss has helped many individuals and families in Central Florida find relief from debt. Now, Boss Law is prepared to help you.
Contact us to talk about your options.
Why Choose Boss Law?
- Over a decade of experience
- Multiple offices in Central Florida
- We have been included in the prestigious Super Lawyers® list
- Free, no-risk consultations
What is Chapter 7 Bankruptcy?
Filing for bankruptcy under Chapter 7 of the Bankruptcy Code is generally the simplest and quickest form of bankruptcy and is available to married couples, individuals, partnerships, and corporations. Also called liquidation bankruptcy, this legal process is designed to free you from unsecured debts, including:
- Credit card debt
- Medical bills
- Unpaid utility bills
- Payday loans
- Some personal loans
Once you are approved for Chapter 7 bankruptcy, you will have to undergo credit counseling prior to filing. As soon as your petition has been filed, an automatic stay will take effect which prevents creditors from contacting you while your case is pending. In many cases, it takes between three and four months to receive a discharge.
There are many benefits to filing for Chapter 7 bankruptcy:
- Creditors cannot make collection efforts
- Most, if not all, of your unsecured debts will be discharged
- You are not required to enter into a debt repayment plan
- There is no limit to the amount of debt you can have
Am I Eligible to File for Chapter 7 Bankruptcy?
Not everyone will qualify to file under Chapter 7. Those who wish to file for bankruptcy under Chapter 7 must pass a bankruptcy “means test,” which is a measure of your income, assets, and debts and how it compares to the median household income in your area. This test was created to ensure that those who are capable of paying back some of what they owe do so under the right Chapter. Request a free consultation with Boss Law to find out more.
Begin Today with a Free Consultation
Call today to learn more about how a St. Petersburg bankruptcy lawyer at Boss Law can help you take the first step toward regaining your financial health. When you meet with us, we can go over your individual situation and determine if Chapter 7 bankruptcy is right for you, or if there are other debt relief options available.. Rest assured that we are prepared to guide you through every step of the process and protect your best interests along the way.
Call us at (844) 818-0277 to get started, or fill out a free online consultation form.