Boca Raton Chapter 7 Bankruptcy
Chapter 7 bankruptcy is an option for anyone who has mounting debt with no foreseeable way to pay it back. People fall into debt for a number of reasons, but in the end, getting out of that debt may involve filing for Chapter 7 bankruptcy with help from a Boca Raton bankruptcy attorney.
The DiTocco Law Group, PLLC, is one such firm with a reputation for putting its clients’ best interests at the forefront every time. An experienced attorney can make all the difference in the world when it comes to a Chapter 7 bankruptcy, so calling a Boca Raton bankruptcy lawyer today might be the smartest move you can make.
People Who File Chapter 7 Typically Keep Most Of Their Assets
The designation Chapter 7 bankruptcy comes from the section of the bankruptcy statute where the procedures are outlined. Chapter 7, Title 11 of the United States Code details a form of bankruptcy involving the liquidation of unexempt assets as a form of debt repayment. Chapter 13 bankruptcy requires the debtor to reach an agreement with their creditors regarding a payment restructuring plan. Chapter 7 requires someone to offer up their unexempt assets as a way to pay back the money they owe. However, people who file Chapter 7 bankruptcy typically find that most if not all of their assets are classified as exempt, meaning that they can restart their lives free from debt and still retain their assets.
Filing for Chapter 7 bankruptcy involves several steps, so it is ill-advised for you to begin the process without first contacting qualified legal counsel. A Boca Raton bankruptcy law firm can assist with every aspect of a Chapter 7 bankruptcy so you can focus on improving your life once you’ve been given the chance to start over.
Schedule A Consultation Today
If you are considering a Chapter 7 bankruptcy, pick up the phone and call a Boca Raton bankruptcy law firm as soon as possible. The DiTocco Law Group, PLLC, has years of experience assisting clients with Chapter 7 bankruptcy in Boca Raton, so call to schedule a consultation with a bankruptcy lawyer today!
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.