Chapter 7 Attorneys in South Florida
Serving Clients from Offices in Pompano Beach & Miami
A Chapter 7 Bankruptcy is a liquidation process where a private trustee is appointed to gather a
debtor’s non-exempt assets and sell them to repay creditors a portion
of what is owed. The
debtor, who is the person filing for bankruptcy, can maintain certain exempt
property under
the law and receive a discharge of the debts remaining, which means the
creditors can no
longer legally collect the monies that are owed. Not everyone is a fit
for Chapter 7 as there are
income requirements and other issues that need to be considered before
filing a Chapter 7. As
with all bankruptcies, it is the best practice to speak to an experienced
bankruptcy practitioner
about filing a Chapter 7 prior to moving forward. The professionals at
Bilu Law are here to guide
you through this process to help you or your business get the fresh start
that you deserve.
Contact Bilu Law online and request our free consultation that we reserve for prospective clients.