Chapter 7 bankruptcy is the most common type of bankruptcy. But it is not right for everyone. Mara & Mara, Attorneys at Law are qualified attorneys who are familiar with the positives and negatives of a Chapter 7 filing and can assist in making the best choice for you, your family and your business. Our legal team examines your finances in detail, discuss your priorities and help you determine whether bankruptcy is the right choice, whether you qualify, and, if so, which type of bankruptcy to seek.
Chapter 7 allows debtors to discharge their debts and start with a clean slate. Sometimes a better option is Chapter 13 bankruptcy, which requires a debt payment plan and provides the debtor statutory protection. In some cases, a loan modification, short sale, deed in lieu of foreclosure or defending the foreclosure are better, non-bankruptcy solutions to your financial problems.
In a Chapter 7 bankruptcy, debtors can discharge their debts in exchange for turning over assets to the Chapter 7 trustee to distribute to creditors. Some property is exempt from bankruptcy, so you are allowed to keep it. Our bankruptcy attorneys help clients take full advantage of the exemptions available to them and present a compelling picture of their financial situation for the best possible outcome.
When times are tough, it may be tempting to hire an inexpensive bankruptcy petition preparer. Petition preparers are not attorneys, cannot give you legal advice and cannot offer you alternative courses of action. They also lack valuable experience in federal bankruptcy court and do not deal with your creditors or the trustee assigned to your bankruptcy case. Filing for Chapter 7 bankruptcy is very serious and requires the help of an attorney who knows the laws, can navigate through the minefield of potential traps for the unwary, understands what you need and will champion your interests.
Contact Mara & Mara, Attorneys at Law for a Volusia County bankruptcy attorney who knows your options under bankruptcy law and who wants what is best for you. We are here to help. From our welcoming office in Ormond Beach, our attorneys regularly file bankruptcy petitions in the Jacksonville and Orlando divisions of the U.S. Bankruptcy Court for the Middle District of Florida, which encompass the Florida counties of Baker, Bradford, Clay, Flagler, Nassau, Putnam, Orange, Seminole, St. Johns, Union and Volusia.