Orlando Bankruptcy Attorney | Orlando Bankruptcy Law Firm | Chapter 7 Bankruptcy: A Fresh Start
Orlando Chapter 7 Bankruptcy Overview:
Orlando Chapter 7 Bankruptcy Details:
What is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy, also known as liquidation is the most common form of bankruptcy filing. Here in Orlando, this type of bankruptcy filing accounts for as much as 70% of all Consumer Bankruptcy filings. Whether you lived in Orlando or elsewhere, you may have been raised to think of bankruptcy as a terrible thing and to be avoided at all costs. The truth is, life takes detours. A Chapter 7 bankruptcy is designed to eliminate unsecured debts, such as medical bills, credit cards, store cards, utility bills, some personal loans, payday loans, and much more.
Making the Decision to File Bankruptcy
While filing Chapter 7 bankruptcy is never an easy decision to make, you do not need to make this decision alone. It’s a difficult decision that must be carefully considered. Due to the fact that your needs are unique, before taking any action, contact Baker Law, PL here in Orlando and we can decide together whether a Chapter 7 bankruptcy is right for you.
Orlando Chapter 7 Bankruptcy Requirements
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created new requirements for Chapter 7 Bankruptcy filings. Due to the fact that a discharge of large amounts of debt is allowed under a Chapter 7 Bankruptcy, lenders and creditors felt many borrowers were taking advantage of the system. Thus, the requirements were specifically designed to limit the access to Chapter 7 Bankruptcies for most people and make sure only those who are truly unable to pay their debts receive the benefits of a Chapter 7 Bankruptcy discharge.
Easing Your Apprehension About Chapter 7 Bankruptcy - KNOW THE TRUTH!
For many people, the idea of filing for chapter 7 bankruptcy may seem daunting. Perhaps you have been waiting to file but are still unsure of how the process works. Here in Orlando, at Baker Law, PL we help our clients think about the big picture. Our Orlando bankruptcy firm feels that filing for bankruptcy can often give clients hope, and many of our clients have wished that they had filed years ago. We can help you think about savings accounts, IRAs and other financial measures that can help you rebuild your life and finances after filing for bankruptcy. You need a bankruptcy lawyer who can help you understand the process and take away your fear about Chapter 7 bankruptcy.
Call 407-647-8833 or contact us at our Orlando office to make an appointment for a free consultation.
BAKER LAW, PL serves the Central Florida and seven-county Orlando area, including the cities of Sanford, Lakeland, Lady Lake, Kissimmee, Maitland, Lake Mary, Oviedo, Winter Garden, Winter Park, Windermere, Lake Nona, Apopka, Mount Dora, Winter Springs, Longwood, Orlando, North Orlando, South Orlando, East Orlando, West Orlando, Melbourne, Titusville, Cape Canaveral, Daytona Beach and New Smyrna Beach, and the counties of Orange, Seminole, Lake, Polk, Brevard, Volusia and Osceola.