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Filing Chapter 7 Bankruptcy in Orlando

Call (800) 822-5170 to Learn About the Florida Bankruptcy Process

Do you have insurmountable debt without any end in sight? If you have reached a point where paying back your debts seem impossible, you should consider filing for Chapter 7 bankruptcy to alleviate your financial hardships and get your life back on the right track.

At The Virga Law Firm, P.A., we can help you navigate through the bankruptcy process to help you get a fresh start. Our Orlando bankruptcy attorneys can assess your financial situation and determine your available legal options to pay back your debts. Do not hesitate to take back control of your life immediately.

Do I Qualify for Chapter 7 Bankruptcy?

When it comes to Chapter 7 bankruptcy, most of your debts are discharged, such as credit card debt, leases, hospital expenses, past utility bills, and other unsecured debts. Commonly known as a liquidating bankruptcy, a trustee will liquidate or sell your non-exempt assets in exchange for the discharge of your debts. As soon as the assets are liquidated, your creditors will receive the money. Once Chapter 7 bankruptcy concludes, you do not have any liability for the remaining debt. The entire process takes an average of three to six months.

Besides eliminating unsecured debt, Chapter 7 bankruptcy immediately stops the following:

  • Foreclosure or eviction
  • Repossessions
  • Wage garnishment
  • Harassment by creditors

In order to be eligible for Chapter 7, you are required to pass the “means test.” If your monthly household income is lower than the median monthly income for families of similar size in Florida, you automatically pass the test. If your income is above the median and you have enough disposable income to pay off some of your debts, you are considered ineligible for Chapter 7.

Let Us Help You Get a Fresh Start in Life Today

We understand how difficult life can be when your finances are out of control, which is why we are here to help. Our Orlando legal team can provide you personalized and knowledgeable legal strategies to resolve your financial issues. We are ready to help you finally see the light at the end of the tunnel.

For more information about Chapter 7 bankruptcy, contact us and schedule a consultation today.