There’s nothing worse than staying up late at night trying to figure out how to pay bills that are mounting up with no end in sight. Each month, debts always exceed income, and even making minimum payments becomes an overwhelming burden. Sometimes it’s best to stop struggling and consider a different approach. An affordable Chapter 7 bankruptcy lawyer can help.
Even hard-working, sincere citizens sometimes fall into debt through no fault of their own. Sudden unemployment, a shocking medical diagnosis and countless other life events can create unexpected financial hardship. Chapter 7 bankruptcy can eliminate many debts and provide a fresh start. At Adam Law Group, we have bankruptcy attorneys who help with debt relief. Our years of legal experience have helped countless individuals and families set aside enormous debt, wipe the slate clean and begin again. To find out more about how we can help with Chapter 7, call us at 904-329-7249. The initial consultation is free.
A Chapter 7 bankruptcy involves the liquidation of all of an individual’s non-exempt assets in order to satisfy the claims of creditors. The successful completion of a Chapter 7 bankruptcy will result in a discharge on the individual’s debt. Once discharged, the individual cannot be compelled to repay the debts and no action can be taken to collect the debt.
Once we file your case, the automatic stay protection is immediately invoked. This means that all of those harassing and intimidating phone calls from creditors will cease. This provides great peace of mind for many of our clients. The automatic stay will stop all further collection activities against you throughout the duration of the bankruptcy process. Once invoked, it is against the law for creditors to continue sending you letters or making harassing phone calls. If any lawsuits have been filed (including foreclosure), they will be immediately stayed or postponed, too. A skilled Jacksonville Chapter 7 bankruptcy attorney can file the paperwork needed to protect you from creditors.
At Adam Law Group, we have a flexible payment option for clients who need it. We offer $0 down payment, $189 per month installments, and 100% satisfaction for clients pursuing a Chapter 7 bankruptcy.
Choosing the right Chapter 7 attorney may be one of the most important decisions you make. Our Jacksonville Chapter 7 attorneys are among the best and the brightest. We win high praise from satisfied clients who have benefitted from our legal services.
Principal attorney and firm founder Thomas C. Adam has years of successful legal experience. He performed his undergraduate studies at the University of Maryland at College Park and Florida State University, where he excelled in business and investments. He earned a Bachelor of Science degree in Business Administration with a major in Finance. Our attorneys are committed to the well-being of our clients and the successful outcome of their cases. For a free initial conversation with an affordable Chapter 7 bankruptcy lawyer, call us at 904-329-7249.
Your affordable Chapter 7 bankruptcy lawyer at Adam Law Group will meet with you initially to explain the process and help you decide whether Chapter 7 bankruptcy is the right one for you. (There are several different types of bankruptcy a person can file.) We can answer your questions, allay your fears and explain the documents that you will need to gather to get the process started.
There is a list of Chapter 7 Bankruptcy Basics provided by the U.S. Courts that can be helpful to review at the start of your bankruptcy process. You can review those here.
In order to complete the Official Bankruptcy Forms that make up the petition, statement of financial affairs, and schedules, you must provide the following information:
Step by step, your Chapter 7 attorney will lead you through the process in a way that will not be overwhelming. We will get you to the other side with a minimum amount of stress so you can get on with the rest of your life.
In many cases, debtors can keep their vehicles and homes, provided there is not excess equity above governing exemption laws. The Chapter 7 Trustee is entitled to take possession and ownership of all of the debtor’s property that is “non-exempt.” Non-exempt property includes all assets of the debtor that cannot be claimed as exempt under governing exemption law. Florida, like a host of other states, does not allow residents to use the federal bankruptcy exemptions. Instead, Florida requires its residents to use the Florida bankruptcy exemptions. Fortunately for Floridians, Florida’s bankruptcy exemptions are widely regarded as being favorable to its residents. Florida bankruptcy exemptions include unlimited exemptions for homestead, annuities, and the cash surrender value of a life insurance policy.
However, it should be noted that mortgage liens on the real estate remain valid in a Chapter 7 bankruptcy. In the event that the debtor defaults on a mortgage payment, the lender has the right to petition the Bankruptcy Court for relief from the automatic stay and receive permission to foreclose against the real estate.
Filing a Chapter 7 Bankruptcy allows a debtor to get a fresh start and begin rebuilding credit immediately after filing. For some clients, their credit actually improves due to their filing bankruptcy, because they can eliminate debts, improve their debt-to-income ratio and become more attractive to lenders.
Chapter 7 works extremely well for individuals with limited disposable income or individuals who do not have non-exempt assets. Chapter 7 bankruptcy can be a great option for debtors with large amounts of “unsecured” debt, such as credit cards and medical bills.
Our affordable Chapter 7 bankruptcy lawyer fees begin at $1,500 for a simple filing and may increase from there depending on the complexity of the case and your individual financial circumstances. The Bankruptcy Court charges a filing fee of $335. In addition, all debtors are required to complete a credit counseling course prior to filing the bankruptcy. The fee for the credit counseling course is approximately $15.
Yes. With our new $0 down program, we can divide our services into pre-petition and post-petition bankruptcy services. First, the client signs a pre-petition engagement contract. Then, after the case is filed, the client executes a separate engagement contract to continue to employ the firm for post-petition bankruptcy services. The post-petition bankruptcy services are paid through monthly installments which are automatically withdrawn from the client’s bank account.
The results of the means test won’t prevent you from filing for bankruptcy protection, though Chapter 7 may not be an option. Generally, those with higher incomes can find it more difficult to file under this chapter, but there are many factors at play. Learn more about the process from our blog about the Chapter 7 means test calculator.
Struggling for months or years with burdensome debt can take the joy out of life. All of us do the best we can to repay our obligations, but sometimes our best efforts do not result in success. That is the time to pause and explore other options. An affordable Chapter 7 bankruptcy lawyer can review your legal opportunities with you and help create a pathway forward. It may be time to stop struggling and get a fresh start.
At Adam Law Group, we are committed to making bankruptcy affordable. We offer an attractive payment installment plan for those who need it. To find out more about how an affordable Chapter 7 bankruptcy lawyer can help you take a first step toward a brighter future, call us at 904-329-7249. The initial consultation is free.
The decision to file bankruptcy is one of the most important choices you can make in your life. Bankruptcy can be extremely helpful and may help you get out of a serious financial problem. However, you should understand how debt is taken care of with bankruptcy to ensure that you will benefit from it. When […]
