Focused Orlando, Florida, Chapter 7 Lawyers
Finding a Way to Start Over Again
People who find themselves with insurmountable debts often wish they had a "reset" button that would allow them to have a fresh start. Chapter 7 of the Bankruptcy Code allows them to do something very similar. A Chapter 7 bankruptcy, also known as "liquidation bankruptcy", results in liquidation of non-exempt assets owned by the debtor, and a discharge of most of their debts, including:
- credit card debts
- medical bills
- most personal loans
- judgments resulting from car accidents
- deficiencies on repossessed vehicles
- some older tax debts
- payday loans
Each of these matters is subject to limitations and exceptions, which Ferderer & Shumard, P.A. can explain to you in detail.
At Ferderer & Shumard, P.A., we have helped clients file petitions for chapter 7 bankruptcies since 1989. We take time to advise our clients about the necessary steps that are included in a chapter 7 bankruptcy, such as qualifying through a chapter 7 means test, receiving a credit counseling briefing, filing a voluntary petition and attending a creditor's meeting.
A chapter 7 bankruptcy will be reflected on a person's credit record for 10 years. We make sure our clients know this and are aware of the other options they may wish to consider. These options include other forms of bankruptcy and making informal arrangements with creditors.
While bankruptcy does alleviate the burdens connected with being heavily in debt, it is not for everyone. It's important to talk to an experienced bankruptcy lawyer in order to determine what your best options are.
For a focused and dedicated bankruptcy lawyer who is well-versed in the intricacies of bankruptcy law, particularly chapter 7, contact Ferderer & Shumard, P.A. to schedule an initial consultation.
Ferderer & Shumard, P.A.
2601 Technology Dr
Orlando, FL 32804
Mailing Address: PO Box 532057, Orlando, FL 32853-2057
Phone: 407-290-2939 ▪ Toll Free: 407-290-2939 ▪ Email: ▪ Fax: 407-290-2937
Se habla español