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Matthew Mazur, P. A. Helping Families Get Back On Their Feet CALL TODAY FOR A FREE CONSULTATION (305) 779-4805 |
2655 South LeJeune Road Suite 500 Coral Gables, Florida 33134
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Chapter 7 Bankruptcy A Chapter 7 bankruptcy, also known as a "Straight Bankruptcy" or a "Liquidation Bankruptcy" allows you to discharge your debts. What does "discharge" mean? Quite simply, it means that you can get rid of your debts, not pay them back and keep almost everything you own as per state exemptions. Often you will have to pay back very little and keep all of your property. A Chapter 7 Bankruptcy, in most instances, gives a family a chance to start over again without the burden of bills. A Chapter 7 allows you to have a clean slate and even buy property again.
To fully
understand Chapter 7 Bankruptcy, you need to be well
informed. It was created so that people in sever
financial hardship would not have to suffer forever.
It gives them the opportunity to obtain a clean slate
and start over and build a credit history they
deserve.
Not everyone qualifies for a Chapter 7 Bankruptcy, you must pass the "Means Test."
If you do not qualify for
a Chapter 7 Bankruptcy, all hope is not lost. A Chapter 13
Bankruptcy (Court Ordered Payment Plan) is still a viable
option. A Chapter 13 Bankruptcy can still make your life
much better than it is right now if you are behind on
payments, being harassed by debt collectors, and worried
about your financial future.
Remember, doing nothing,
does nothing to improve your current financial situation.
In fact, the longer you wait to take action, the longer it
will take for you to obtain the new financial future you
deserve.
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Special Note
 Contact us today for a Free Consultation regarding your financial situation. Call us at (305) 779-4805 or fill out the form on this page to have us call you. |
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© Copyright Matthew Mazur,
P.A. 2009. All Rights Reserved.