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Hire Chapter 7, Bankruptcy Lawyer - FL for a fresh lease of

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  1. Chapter 7 bankruptcy is the most common form of bankruptcy and is a process provided under the Federal law that entitles the debtor to make a fresh financial start. In a Chapter 7 bankruptcy, a debtor (the person filing) discloses all of their property, debts and financial activities over the past several years. Chapter 7 eliminates majority of the debtors’ unsecured debt and is normally suggested as an option for those with few or nil assets. The unsecured debts under Chapter 7 bankruptcy include credit cards, medical bills and personal loans, judgments resulting from car accidents and deficiencies in the repossessed vehicles. Filing under Chapter 7 bankruptcy by hiring a Chapter 7 bankruptcy lawyer FL normally allows the debtor to retain some of his/her property or assets and a chance to arrange to reaffirm the debts. The debtor is allowed to keep his/her assets such as home, car and personal belongings if the mortgage payments are current and if there are no significant equity in the concerned debtors’ property. The main function of Chapter 7 is to eliminate the debt of the person filing for bankruptcy by hiring a Chapter 7 bankruptcy lawyer, FL. However, if the debtor does not file for bankruptcy under Chapter 7, then he or she may lose home to foreclosure and their car to repossession due to missed or delinquent payments. To be continued ……… Hire Chapter 7, Bankruptcy Lawyer - FL for a fresh lease of life

  2. As soon as the debtor files for bankruptcy under Chapter 7, they will be protected from the credit agency harassment. The creditors are not allowed to call and force or annoy the debtor to pay their debts when once bankruptcy proceedings have started. Individuals including infants, incompetents through their representatives, business corporations, can file under Chapter7 bankruptcies. Individuals whose debts are primarily consumer debts must pass the means test in order to qualify for Chapter 7 proceedings. • Chapter 7 bankruptcy lawyer FL helps the debtors in giving them reliable advice and gets them protection from the following activities such as: • Temporarily stopping foreclosure of their client debtors home under Chapter 7, • 2. Stopping wage garnishments up to 25% of the debtors net wages if the concerned debtor does not qualify under the State Law as the head of household, • 3. To stop bank account garnishments under Chapter 7, • 4. Stoppage from creditors’ harassment when filed for bankruptcy under Chapter 7, • 5. Gives a fresh financial start to discharge all or most of the debt under Chapter 7 is also one of the important services provided by Chapter 7 bankruptcy lawyer Fl. Hire Chapter 7, Bankruptcy Lawyer - FL for a fresh lease of life