Chapter 7 Attorney

The lawyers at Klein Law Group, with offices located in Boca Raton, Fort Lauderdale and West Palm Beach, can help you obtain relief under Chapter 7 bankruptcy protection if you are facing financial challenges that may currently seem insurmountable. Chapter 7 bankruptcy, often referred to as liquidation bankruptcy, is designed to protect debtors by eliminating most unsecured debt. This provides you with an opportunity to start fresh and take control of your financial future.
Although it can be the most straightforward of all bankruptcy options, it is a complicated process. That’s why it’s important to utilize the services of an experienced, compassionate and dedicated law firm like Klein Law Group – we can handle all aspects of the process for you and can start you on the road to financial recovery.

We understand that making the decision to pursue Chapter 7 bankruptcy protection is not an easy choice. We realize that you have many questions and we are here to help answer your questions so you can make the most informed decision possible about your financial and legal options. When you are facing overwhelming financial circumstances, there is a great deal of stress, coupled with many emotions, that come into play as you consider how you are going to get back on the road to financial health. Knowing that you have trusted advocates on your side can make the process easier to navigate.

Boca Raton Bankruptcy Law Firm

The attorneys at Klein Law Group will guide you through Chapter 7 bankruptcy, providing the experience and knowledge you need with the compassion, understanding and dedication you deserve.  We invite you to learn more about various aspects of bankruptcy by perusing the resources on our website.  We hope that the information we provide will help you decide if Chapter 7 bankruptcy is right for you.

When you are ready to speak with a knowledgeable and experienced attorney in South Florida, we welcome you to set up a free bankruptcy consultation.  During this meeting, we will provide you with additional information, answer your questions, and review the unique aspects of your particular financial situation.  Simply call us at (561) 353-2800 or fill out the contact form on the side of this page to schedule a no-obligation appointment with one of the trusted attorneys in our Boca Raton, West Palm Beach or Fort Lauderdale offices.

It is important to remember that when you are facing extreme financial difficulties, are dealing with crushing debt or are being harassed by creditors, you are not alone.  Thousands of individuals file for Chapter 7 bankruptcy in South Florida each year and we can help you take the action you need to restore your financial health and get out from under the burden of suffocating debt.

Call the attorneys at Klein Law Group at (561) 353-2800 to begin the path to a new, healthier financial future.  We provide you with the freedom to start fresh.

Florida Chapter 7 Bankruptcy FAQs

Chapter 7 bankruptcy discharges, or frees, individual debtors from the obligations of most unsecured debts. Under federal bankruptcy laws, once you file for Chapter 7 bankruptcy, you are granted an “automatic stay”. This halts all collection efforts against you from creditors and collection agencies, including lawsuits, harassing correspondence and phone calls, foreclosure proceedings and wage garnishments. Chapter 7 bankruptcy is also commonly referred to as “liquidation bankruptcy” because once the bankruptcy petition and all mandatory financial schedules are filed, a court-appointed trustee liquidates any available assets to partially pay off creditors. Some assets, however, are deemed to be exempt from this process, meaning that they cannot be liquidated during the bankruptcy process and you have the right to retain the assets (visit our page on “Exempt Assets” for more information). Once the process is complete, the debtor is granted a Bankruptcy Discharge, eliminating all obligations from dischargeable debts. To better understand the types of debts that are dischargeable or non-dischargeable under South Florida bankruptcy law, visit our page on “Dischargeable vs. Non-Dischargeable Bankruptcy Debts”.

Once you’ve determined Chapter 7 eligibility and have decided that Chapter 7 bankruptcy is the right option for you, the first step is to file a petition with the bankruptcy court. Additionally, you will have to file several mandatory schedules that will provide the court with information about your financial affairs including income, assets, liabilities, expenditures, co-debtors, and other financially-related information. You can view the list of all information you will need to compile in order to complete the required schedules on our page titled “Information Needed to File a Chapter 7 Bankruptcy Petition”. You will also file a schedule of exempt property. This allows you, the debtor, to protect specific assets from the claims of creditors during Chapter 7 bankruptcy liquidation under Florida bankruptcy law. To find out what assets may be exempt from bankruptcy liquidation, view our page on “Exempt Assets”.
Once the petition is filed with the bankruptcy court, you are granted an automatic stay and all creditors and collection agencies must cease efforts against you to collect debts. Approximately one month after filing, a meeting is set up with you (the debtor), your attorney, creditors and a trustee, who is appointed by the court to oversee the process. This meeting is referred to as a Section 341 meeting, and during the meeting you may be questioned about your financial affairs by creditors and/or the trustee. It is rare, however, that creditors attend the Section 341 meeting, and in most cases it is just the trustee that you meet with. This is the only time you will have to potentially meet with your creditors and the court-appointed trustee face-to-face and your attorney will be with you during this process. For further information about this meeting, view our page on “Understanding the Section 341 Meeting”.

Following the Section 341 meeting, the trustee will handle the liquidation of any non-exempt assets and will distribute the proceeds to creditors according to statutes set forth by South Florida bankruptcy law. All further communication with the trustee, courts or creditors will be handled by your attorney.

Once the Chapter 7 bankruptcy process is complete, you will receive a Bankruptcy Discharge from the court. This is a court order that specifies that you are no longer obligated to repay any dischargeable debt. There are certain debts which are considered non-dischargeable under South Florida bankruptcy law, meaning that you will still be obligated to pay those debts. You can view a listing of the types of debts that are exempt from bankruptcy discharge on our page titled “Dischargeable vs. Non-Dischargeable Bankruptcy Debts”. Other than non-dischargeable debts, however, the final Bankruptcy Discharge eliminates you from all future obligations to creditors. This offers you a “clean slate” or “fresh start” opportunity to begin rebuilding a more solid financial future.

Not all individuals qualify for debt relief under Chapter 7 bankruptcy laws. The first step in determining if you are eligible is to take a “means test”. This test, based on recent household income levels, calculates whether you have the means to be able to repay all or a small portion of your debt. If your most recent six months of income falls below the median income level set for your household size, you will qualify for Chapter 7 bankruptcy. If your income levels are above the standard, there is a longer version of the means test that can further determine your eligibility to be protected under Chapter 7 bankruptcy laws. For more information about this qualification test, view our page on “Bankruptcy Means Test”. In addition to the means test, our attorneys will evaluate all aspects of your debts, income and financial situation to help you determine whether Chapter 7 is the best option for you, or whether Chapter 13 bankruptcy would be a better option.
During the Chapter 7 bankruptcy process, a court-appointed trustee will investigate any assets that you own that can be liquidated or sold, with the proceeds being used to pay off creditors. Not all assets are required to be used to pay off your debt. Certain exempt assets are yours to keep and cannot be liquidated during the Chapter 7 process. Non-exempt assets will be liquidated by the trustee and the proceeds will be distributed to creditors according to statutes that are established by South Florida bankruptcy law. To get a better idea of the types of assets that may be exempt from liquidation, view our page on “Exempt Assets”.

People have many questions when it comes to all aspects of Chapter 7 bankruptcy. If you still have questions after reading the information on this page, please review the other pages noted throughout the text that will provide further information about various aspects of the process. We also have a page titled “Chapter 7 Bankruptcy FAQs” that can answer additional questions you may have and we have compiled a section of short informational videos by our lawyers that can provide you with information about Chapter 7 bankruptcy as well (view our Chapter 7 Bankruptcy videos).
Our goal is to provide you with the information you need to better understand how Chapter 7 bankruptcy can help you handle what may now seem like insurmountable financial difficulties, providing you with an opportunity for a fresh start. If you still have questions after reviewing the information we have provided on this site, or you would like to schedule a free, no-obligation, bankruptcy consultation with one of our attorneys, please give us a call at (561) 353-2800 or fill out the contact form on the side of this page.

The experienced and knowledgeable lawyers at Klein Law Group will be with you every step of the way as you navigate the path towards Chapter 7 bankruptcy discharge. We will begin the process by offering you a free bankruptcy consultation. During this time, you can ask any questions you may have, gather information and provide us with the specifics of your financial affairs. We will help you evaluate whether you are eligible for Chapter 7 bankruptcy through a means test and will also discuss your bankruptcy options to help you determine whether filing bankruptcy is right for you and if so, which type of bankruptcy is your best option.
If you decide to proceed with Chapter 7 bankruptcy, we will assist you in filing the bankruptcy petition as well as all mandatory schedules. Then once your petition and schedules are filed, we will be the sole source of contact for all creditors and collection agencies, as well as the court-appointed trustee. The only time you will have to meet face-to-face with creditors and the trustee is during the mandatory Section 341 meeting, and we will be there by your side during that meeting.

Throughout the Chapter 7 bankruptcy process, we will serve as compassionate, knowledgeable and reliable advocates. We have been through this process many times before and will help you navigate through the often complicated process of Chapter 7 bankruptcy, providing you with peace of mind and the opportunity for a fresh start. Following bankruptcy discharge, we will also help you re-establish financial health with solid advice and respected guidance.

We offer legal services in Boca Raton, West Palm Beach, Delray Beach, Boynton Beach, Fort Lauderdale, and surrounding areas.