Plantation Florida Chapter 7 Bankruptcy Attorneys

Last updated on February 28, 2025

At Light & Gonzalez, PLLC, our attorneys have more than 20 years of experience handling Chapter 7 bankruptcy cases. From our law office in Plantation, our bankruptcy lawyers serve clients in Broward County, Miami-Dade County, Palm Beach County and across South Florida.

Our Plantation bankruptcy attorneys take the time to thoughtfully advise you on any of your consumer debt-related matters. We will advise you on filing for bankruptcy and any other options available to you for settling your debts. You may have alternatives to filing for bankruptcy, and our South Florida attorneys will provide you with the individual attention you need to make the right decision.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a legal process that allows consumers to discharge many of their unsecured debts. These can include medical bills, credit card bills and other expenses. This type of bankruptcy is suitable for those with limited income who cannot meet their financial obligations. To qualify for it, you must pass something called the means test. This compares your income to the median income in Broward County.

Filing for Chapter 7 involves liquidating nonexempt assets to pay off creditors. However, many essential assets, like your home and car, may be protected under Florida’s exemption laws. Having a Plantation Chapter 7 bankruptcy lawyer is crucial for navigating the complexities of the process and ensuring that your rights have protection.

When Should Someone Consider Chapter 7 Bankruptcy?

You should consider Chapter 7 bankruptcy when you are unable to pay your debts and are facing constant creditor harassment. It may also be a viable option if you are at risk of losing essential assets or have exhausted other debt relief options. We help you explore all available options, including unfair debt collection and consumer protection cases, before deciding on Chapter 7. Our goal is to provide a comprehensive solution tailored to your unique financial situation.

Will I Be Able To Keep Any Of My Assets If I File Chapter 7 Bankruptcy?

One common concern for individuals considering Chapter 7 bankruptcy is whether they will be able to keep their assets. Under Chapter 7 bankruptcy, some of your assets may be liquidated to repay creditors. However, many assets are protected through state exemptions. In Florida, the law provides exemptions that allow you to keep essential property, such as:

• Your home (homestead exemption)
• Personal property
• Vehicles
• Retirement accounts

The exact assets you can keep depend on various factors, including the value of the property and whether it exceeds the exemption limits, but the vast majority of people who file Chapter 7 keep all or most of what they own.

What Happens To My Credit Score If I File Chapter 7 Bankruptcy In Florida?

Filing for Chapter 7 bankruptcy will impact your credit score, but it can also provide an opportunity for a fresh financial start. After filing, your bankruptcy will appear on your credit report for up to 10 years. However, most people find that they can rebuild their credit within a few years by obtaining secured cards and other sources of credit and making timely payments.

What Are The Benefits Of Filing Chapter 7 Bankruptcy?

Filing Chapter 7 bankruptcy offers several potential benefits for individuals struggling with overwhelming debt:

• Debt discharge: The primary benefit is the ability to discharge many types of unsecured debt, including medical bills, credit card balances and personal loans. This provides immediate relief from the financial burden of unpaid debts.
• Protection from creditors: Filing for bankruptcy automatically triggers the “automatic stay,” which stops creditors from pursuing collections, including phone calls, lawsuits and wage garnishments. This can offer significant peace of mind.
• Fresh financial start: By discharging eligible debts, Chapter 7 allows you to start over financially, focusing on rebuilding your credit and financial future.
• Faster resolution: Chapter 7 bankruptcy can be completed in a relatively short time (usually within a few months), giving you quick relief from debt and an opportunity to move forward.

While there are long-term considerations, such as the effect on your credit report, the benefits of filing Chapter 7 bankruptcy can outweigh the temporary drawbacks for those seeking a clean slate.

Explore Your Options With A Plantation Chapter 7 Bankruptcy Attorney

At Light & Gonzalez, PLLC, we do everything in our power to help you achieve financial relief. Contact us at 754-778-9911 or send us an email to schedule an initial consultation about Chapter 7 and your other options.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.