The Benefits of Chapter 7 Bankruptcy
When realizing the full depth of their financial distress, many people will begin to consider bankruptcy options. Taking the time to understand the differences between the various types of bankruptcy may be helpful in making decisions regarding your financial future. Chapter 7 bankruptcy is an option available to many individuals and is a useful way to minimize debts and regain control of your finances.
Many people are confused about the complexities of bankruptcy laws and do not understand how their situation can be improved through this process. Contact the Florida Chapter 7 bankruptcy lawyers at the Law Office of Ryan J. Really at (239) 237-0675 for more information about the benefits of Chapter 7 bankruptcy and how we can help you to get your finances back on track.
How Chapter 7 Can Help
Once an individual has decided that filing for bankruptcy is the best solution to their financial distress, it is strongly recommended that they seek the counsel of a knowledgeable legal representative to decide how to proceed through the legal process. Chapter 7 bankruptcy is unique from other types of bankruptcy and may allow for a debtor to enjoy certain benefits, such as:
- Discharging most, if not all, of one’s debt
- Stopping creditor action and harassment, like home foreclosure
- Achieving debt relief in an expedited manner
Additionally, although a debtor may have to liquidate some of their assets, they could protect many of them with exemptions. For information about which of your assets may be exempt from bankruptcy sale, consult with a knowledgeable lawyer.
The benefits of filing for bankruptcy greatly outweigh other alternatives. If you or someone you love is in need of professional legal counsel regarding your financial options, contact the Florida chapter 7 bankruptcy attorneys at the Law Office of Ryan J. Really by calling (239) 237-0675. We can help you understand your rights and walk you through the bankruptcy process.