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Daytona Beach Bankruptcy - Chapter 7

Chapter 7:

A Chapter 7 Bankruptcy may or may not be a wise option for you. Many people assume that if they simply want to wipe out debt, then a Chapter 7 is the way to go. Quite frankly, Bankruptcy is as much about your assets as it is about your debts. Florida law allows debtors in Bankruptcy to keep a certain amount of “stuff.” These are called exemptions. Depending on the value of your assets and how much equity you have in them will determine what you are allowed to keep if you file a Chapter 7 Bankruptcy. You want to consult with someone who is extremely familiar with Florida exemption laws before deciding on any particular course of action.

We like to tell our prospective clients that a Chapter 7 Bankruptcy is definitely an option, but only if they can handle the consequences. Here at Mara & Mara, our Daytona Beach Bankruptcy attorneys can tell you what those consequences are in relation to your assets during our free consultation. Do not make the mistake of hiring an inexperienced, non-attorney, petition preparer.

Bankruptcy petition preparers are not attorneys, cannot give you legal advice, and cannot offer you alternate courses of action. Unfortunately, many of them do give out legal advice, and break the law at the same time by doing so. This is called engaging in the unauthorized practice of law. In such difficult times, many people have engaged the services of non-attorneys and unfortunately have had their cases dismissed because of a number of obstacles the petition preparers could not overcome. Enlist the services of an experienced Daytona Beach Bankruptcy attorney who can deal with issues concerning the Trustee, objections by creditors to your discharge, and a host of other potential pitfalls that can occur when inexperienced persons prepare your Bankruptcy petition.

Chapter 7 Bankruptcy is a serious option, and you should speak with an experienced Daytona Beach Bankruptcy attorney who will discuss with you in detail not only what your options are, but the consequences of each possible course of action. We want to assist you in making the best choice that is available to you in your personal, individualized situation. In many situations, that may include a Chapter 7 Bankruptcy. In others, it may include Loan Modification, Short Sale, Deed in Lieu of Foreclosure, Defending the Foreclosure, or Chapter 13 Bankruptcy.

Our goal is to make you fully informed as to what your options are. After your questions are answered, you can decide for yourself which course you would like to pursue. That is the reason behind our free consultations – to answer your questions, clearly lay out your options, and tell you the consequences of each option. Then you decide. No high-pressure selling techniques. Just the knowledge you need to make an informed decision.

Even though we are Daytona Beach Bankruptcy attorneys we also file in both Jacksonville and Orlando. We have filed for people living in Volusia County, Flagler County, St. Johns County, and Duval County, among many others. Call us today for a free consultation.



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