Chapter 7 Bankruptcy Attorney in Lake Mary: A Fresh Start
Our Lake Mary Chapter 7 Bankruptcy law practice can assist you! When creditors keep calling and the mountain of debt keeps rising, you need a way to clear the slate and begin again. Bankruptcy can provide this fresh start. It is an opportunity to renegotiate or sever contracts or debts, allowing you to get your life back together.
At the Law Offices of Patrick J Thompson, we take pride in enabling people to reclaim their financial freedom. Our Lake Mary Chapter 7 Bankruptcy law practice in Seminole County provides accessible and personal representation to clients in Lake Mary, Sanford, and throughout the Orlando area.
How Chapter 7 Bankruptcy Can Help
Filing Chapter 7 can potentially erase your:
- Credit Card Bills
- Medical Bills
- Payday Loans
- Personal Guarantees on Business
In addition, it will put an “automatic stay” into place, which immediately stops creditor harassment, wage garnishment, and more.
You Will Not Lose Everything
A Lake Mary Chapter 7 Bankruptcy will forgive all of your legally dischargeable debts. In exchange you must get rid of any “non-exempt” assets that you have. However, many assets are exempt. For example, homestead in Florida is unlimited. This means that you will be able to keep all the equity in the home in which you live.
Knowing which assets are and are not exempt can permit you to plan your bankruptcy in a way that lets you keep as many assets as possible. Our bankruptcy team can arm you with the knowledge you need to get the best results available under the law.
The Means Test
In order to qualify for Chapter 7, you must take something called the “means test”. This test uses IRS standards, executed by the U.S. Bankruptcy Trustee, to determine if you make too much money to qualify for Chapter 7. Numerous exceptions apply. Due to the complexities in calculating income for purposes of the means test, we highly suggest that you seek professional help before filing Chapter 7 Bankruptcy.
Call Our Credit Card Debt Law Team Representing the Lake Mary Area
Request a initial consultation by contacting us via the form or reaching us via email at pleadings@yourlawyersservice.com. We offer affordable rates and flexible payment plans.
We are a Debt Relief Agency. We help people file for Bankruptcy under the Bankruptcy Code.
Areas We Serve.
The Law Offices of Patrick J. Thompson serves clients in the Lake Mary, Sanford, Altamonte Springs, Longwood, and Orlando areas. We are a Lake Mary Chapter 7 Bankruptcy law firm. We serve throughout Seminole and Orange Counties and Central Florida.