Debt that overwhelms you can make daily life stressful. Are you dealing with debt you cannot see a way out of in Lake County, FL? The Leesburg Chapter 7 bankruptcy lawyers at Bogin, Munns & Munns can help. We will review your case without cost or obligation and help you develop a workable plan to eliminate it.
Let our Leesburg bankruptcy lawyers define the debts you can discharge and help you understand how to hold on to your assets. Our firm treats every client like family. Right from the start, we describe each step you will face and how we help you through the process. Do not let insurmountable debt continue to disrupt your life and finances. Contact one of our team members today for your free bankruptcy review.
Why Choose Our Chapter 7 Bankruptcy Attorneys to Manage Your Leesburg Filing
You don’t have to hire a lawyer to file for bankruptcy. However, the process can be difficult to navigate on your own. Our Leesburg commercial law lawyers make the bankruptcy process as easy as possible for anyone struggling with debt, starting with the initial consultation, which we can do over the phone or virtually.
When you choose our law firm to represent you, we take all these actions on your behalf:
- Create a detailed list of your creditors and debt load
- Submit Chapter 7 forms and schedules with the bankruptcy court
- Describe the U.S. Courts’ rules and requirements
- Ensure the automatic stay is in place and honored
- Clarify your dischargeable and nondischargeable debts
- Represent you at all court hearings and appearances
We know how hard it can be to talk about debt, so we make it easy to have an open conversation in a safe and confidential environment. We represent you with kindness, compassion, respect, and dignity. When you are ready to seek financial relief, our lawyers stand ready to help you achieve it.
Learn More About Your Eligibility to File for Bankruptcy Under Chapter 7
If you are an individual or business facing debt you cannot repay with your current income, Chapter 7 could be the financial solution you need. You can file under this chapter if:
- You meet the required income guidelines
- You pass the Chapter 7 means test
- You have not recently had debt discharged
- You have not recently had a bankruptcy dismissed
- The court doesn’t find you incurred your debt via fraud
People often choose Chapter 7 when they do not have nonexempt debt that is ineligible for discharge and can eliminate (versus repay) debt. Our legal team will work with you to list your assets and help you maximize the benefits of filing for bankruptcy.
To consult with an experienced chapter 7 bankruptcy lawyer serving Leesburg
(855) 780-9986
Filing Under Chapter 7 Has its Advantages and Disadvantages
One of the hallmarks of our service is clear and concise conversations about debt, finances, and the bankruptcy process. Another is ensuring you have a realistic picture of how bankruptcy works, including its pros and cons.
The Pros of Chapter 7 Bankruptcy
Chapter 7’s benefits include:
- Having most of your debt discharged
- A straightforward filing process
- Freedom from future debt obligations
- Immediate relief from your obligations
Once the judge discharges your debt, you can start fresh, with more of your paycheck flowing into your home rather than toward your previous debt load.
The Cons of Chapter 7 Bankruptcy
Chapter 7’s drawbacks include:
- You cannot discharge specific debts
- Passing the mandatory means test can be challenging
- Your bankruptcy becomes a matter of public record
Nondischargeable debt includes child support, some student loans and tax debt, court and criminal fines, and new debt. In addition, anyone who co-signed a loan for you could still be liable for it after discharge.
Learn more about how our Leesburg Chapter 7 bankruptcy lawyers guide you through the filing process. Contact our Bogin, Munns & Munns consultation team to get started today.
Dischargeable Versus Nondischargeable Debt
The discharge of your debt is the primary reason people seek bankruptcy protection. To have debt discharged means it is wiped from your record, and the creditor cannot ask you to repay it at any point in the future. Dischargeable debt includes:
- Credit card balances
- Medical bills
- Personal loans
- Past-due (but not future) utility bills
- Past-due (but not future) rent
- Government program overpayments
You cannot discharge some debts with a Chapter 7 bankruptcy, including some secured debt and debt incurred by fraud. When we analyze your financial situation prior to filing your case, we will review which debts you might have that are nondischargeable.
We Can Help You Get the Immediate Benefits of Bankruptcy’s Automatic Stay
Creditors can be dogged in their pursuit of repayment, often making it challenging or frightening to answer the phone or open mail. The automatic stay of a Chapter 7 filing can help you get immediate relief since it prohibits creditors from:
- Calling you on the phone
- Sending you emails
- Writing letters about your debt
The automatic stay prohibiting all contact from creditors starts as soon as you file with the court. This relief can make your family life more manageable and less exasperating. Your lawyer will clarify all the benefits of the automatic stay, describe your options if a creditor fails to honor it, and address your other questions and concerns.
Learn More About Debt Relief With a No-Cost Bankruptcy Consultation
Filing bankruptcy with our law firm by your side rather than handling your case alone means you always have someone available to answer questions and clarify a complicated legal matter. It also means you have the invaluable peace of mind that comes with knowing all legal parameters are met and debt relief is on its way.
Leesburg Chapter 7 Bankruptcy Lawyer Near Me
(855) 780-9986
Contact Our Chapter 7 Bankruptcy Team in Leesburg
Are you struggling to deal with overwhelming debt and need help navigating the bankruptcy process? If so, Bogin, Munns & Munns is on your side. Our Leesburg Chapter 7 bankruptcy lawyers will guide you through the process and help you get your financial head above water.
Please find out how easy it can be to get a fresh financial start. Contact our consultation team today to take the first step.
Call or Submit Our Consultation Request Form Today
