The
purpose of a Chapter 7 Bankruptcy is to wipe out
your debts, allowing you to get a "Fresh Financial
Start".
In a Chapter 7 Bankruptcy
a trustee will be appointed by the court to liquidate
(sell) all assets which do not fall under the bankruptcy exemption guidelines. The net proceeds
collected in the liquidation of the non-exempt assets
are then distributed to your creditors.
Debts which cannot be
included for discharge in a Chapter 7 Bankruptcy
may include, but not limited to:
As a law firm providing experienced Chapter 7 Bankruptcy Attorney & Lawyer
legal services, assisting
Palm Harbor, Clearwater, New Port Richey and Southwest
Florida area
residents with
Chapter 7 and Chapter 13 Bankruptcy
legal issues, we are committed to
protecting the legal rights of each and every client, while always
striving to provide
the highest standard of legal representation.
If
you considering filing for a Chapter 7 Bankruptcy, make sure your legal rights are protected
by seeking the legal advice of an experienced
Palm Harbor
Chapter 7 Bankruptcy
attorney & lawyer. Contact
the
Law Offices of Jeffrey A. Herzog, P.A., today by calling
by calling
Toll Free: (866)-789-4002
or
Locally at
(727) 789-4000 to
schedule a confidential legal consultation.
Typically an individual who
files for a Chapter 7 Bankruptcy has a large
credit card debt which may include multiple credit
cards, various unsecured bills with may be associated
with various assets which the payment status may or may
not be delinquent.
In many Chapter 7
Bankruptcy situations you may be able to keep
specific secured debts such as your car, furniture, or
home, as long as you reaffirm your commitment to
continue paying these debts. In order to keep these
items in a successful Chapter 7 Bankruptcy you
must voluntary sign a "reaffirmation agreement", which
stipulates that you cannot file bankruptcy to discharge
the debt of these items for 6 years.
The purpose of the
"Reaffirmation Agreement" is to protect "reaffirmed"
debtors, as well as ensuring an individual does not try
to abuse the bankruptcy process.
A
Bankruptcy will appear on your credit report for 5
to 7 years. This does not mean you cannot get credit
after filing for bankruptcy. Most lenders will extend
credit within two or three years after filing a
bankruptcy case. Generally, the effect of
bankruptcy on your credit is not a bankruptcy
issue; it is a banking or credit issue.
Law
Offices of
Jeffrey A. Herzog, P.A., aggressively defends the legal rights of
those involved in the Chapter 13 Bankruptcy process,
while addressing all related issues that should be taken into
consideration when defending your legal rights.
If
you need legal advice and representation in regarding
Chapter 7
Bankruptcy issues
in
Palm Harbor, Clearwater, New Port Richey,
or the Southwest Florida area, contact an experienced attorney
& lawyer at
the
Law Offices of Jeffrey A. Herzog, P.A., today by calling
Toll Free: (866)-789-4002
/
Locally:
(727) 789-4000,
or
email with any questions, comments, or concerns,
or to schedule a confidential legal consultation.
If you require professional legal advice and
representation in
Palm Harbor,
Clearwater,
New Port Richey, and surrounding Southwest
Florida counties, make sure your legal rights
are protected by seeking the legal advice of an
experienced attorney & lawyer.
Contact
the
Law Offices of Jeffrey A. Herzog, P.A., today by calling
Toll Free: (866)-789-4002
or
Locally at
(727) 789-4000
to schedule a confidential legal consultation.
Call Us Now Toll Free: (866)-789-4002
/ Locally: (727) 789-4000