Debt that far exceeds your income can cause mental and financial stress. Filing for bankruptcy can help you eliminate insurmountable debt. Our Melbourne Chapter 7 bankruptcy lawyers at Bogin, Munns & Munns can guide you through the filing process, manage the required forms and schedules, accompany you to the mandatory trustee meeting, and remain by your side until the court discharges your debts.
You do not have to deal with the legal parameters of seeking bankruptcy protection alone. At Bogin, Munns & Munns, we treat you with dignity and respect while helping you get the debt relief you need to start rebuilding your life. Find out how hard our Melbourne bankruptcy lawyers will work for you. Contact a team member now for your free bankruptcy consultation.
Our Bankruptcy Attorneys Help Melbourne Residents Eliminate Debt
Our Melbourne commercial law lawyers treat clients as someone needing support, not a case file number. We are here when you need us from start to finish, including helping you understand your post-bankruptcy benefits.
Filing for bankruptcy is the first step in a complex legal undertaking. It does not have to be a step you take alone. While you can seek bankruptcy protection on your own, the U.S. Courts explain the benefits of hiring a lawyer to help you navigate the process.
When you choose Bogin, Munns & Munns to represent you, we will:
- Carefully review your existing debt load
- Examine your current financial status
- Describe the benefits of choosing Chapter 7
- Complete and submit all required schedules
- Document exempt and non-exempt debt
- Ensure creditors respect the automatic stay
- Represent you at bankruptcy court appearances
We Handle All the Schedules and Forms That Chapter 7 Bankruptcy Requires
The bankruptcy process involves numerous forms and schedules. The U.S. Courts online portal lists all the forms you must complete and submit with your bankruptcy request. Our familiarity with the Chapter 7 process allows us to handle this potentially daunting paperwork for you. Necessary forms include the following:
- Bankruptcy petition
- Asset and liability summary
- Property you want exempted
- Creditors with secured claims
- Creditors with unsecured claims
- Income information
- Detailed expenses
- Creditor matrix
Depending on your situation, you might need to file additional forms to halt an eviction, waive the filing fees, and complete the means test. We provide guidance on every form, for every client, every step of the way.
To consult with an experienced chapter 7 bankruptcy lawyer serving Melbourne
(855) 780-9986
We Walk You Through the Pros and Cons of Choosing Chapter 7 Bankruptcy
Individual filers in a bankruptcy case can choose between filing under Chapter 7 and Chapter 13. If Chapter 13 fits your financial needs more accurately and is a more practical option for you, we can also help you file under this chapter.
When you choose Chapter 7, we ensure you understand why it’s the best choice and the benefits you’ll accrue.
Chapter 7 Can Give You a True Fresh Start
Chapter 7 discharges—or eliminates—your existing debt rather than restructuring it or creating a long-term repayment plan. Moreover, you can never be charged with repaying it. In addition, this chapter does not limit how much debt you can discharge.
We aim to help you eliminate as much debt as possible. However, you cannot discharge specific debts such as:
- Child support
- Spousal support
- Tax debts
- Debts created through fraud
Chapter 7 Can Help You Keep More of Your Income
When you file for bankruptcy, your assets become part of an estate. The court will appoint a trustee to make many financial decisions for you, deciding what will be sold to satisfy your creditors and what you can retain.
Once the court discharges your bankruptcy, any future earnings or assets—such as future inheritances, death benefits, and life insurance proceeds—are yours to keep and manage.
Chapter 7 Can Have a Shorter-Than-You-Think Wait Time
No one wants to wait forever for the bankruptcy process to finish and your debt to be eliminated. Under Chapter 7, the average wait time is four to six months, meaning you can eliminate debt and rebuild your credit sooner than you think.
You Don’t Have to Attend a Meeting of Your Chapter 7 Creditors Alone
When you choose Chapter 7 bankruptcy, you must attend a meeting of your creditors. If you do not attend, the judge will dismiss your case. At this meeting, you will:
- Verify your identity
- Be placed under oath
- Answer a trustee’s questions
- Answer questions from your creditors
If the trustee is satisfied at the end of the meeting and does not need additional information, they can conclude your case, and you will receive your discharge shortly after that.
At Bogin, Munns & Munns, our Melbourne Chapter 7 bankruptcy lawyers work hard to prepare you for the meeting and have all your documentation on file and in order. Contact one of our team members today to schedule a free consultation and learn more about your bankruptcy options.
We Make Sure You Are Well-Prepared to Answer the Trustee’s Questions
The bankruptcy trustee’s job is to examine your debts and assets and oversee the meeting of your creditors. They will verify your paperwork and look for any potential areas of fraud. Under oath, they and your creditors will ask:
- If you read and understood your bankruptcy petition
- Disclosed your assets in their entirety
- Recently transferred or gave away property
- Own all or part of a business
This list is not exhaustive. Our bankruptcy lawyers will prepare you to answer calmly and clearly.
Melbourne Chapter 7 Bankruptcy Lawyer Near Me
(855) 780-9986
Your Chapter 7 Bankruptcy Review in Melbourne, FL Is Free
If your accumulated debts significantly outweigh your current income and ability to pay, bankruptcy could help you get a fresh start. Our Melbourne Chapter 7 bankruptcy lawyers will help you effectively navigate the process from initial filing to final discharge.
Please find out how hard we will work to help you get out of debt. Contact our consultation team at Bogin, Munns & Munns today to get started.
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