Manageable debt can spiral out of control more quickly than you might think. When debt becomes overwhelming, it can make everyday life difficult. Even answering the phone can be hard since debt collectors often use this means of communication to harass you about overdue debt. If you are dealing with debt that you cannot realistically repay, our Daytona Beach Chapter 7 bankruptcy attorneys can help you get relief.
Our Dayton Beach bankruptcy lawyers represent our clients with respect, dignity, and fairness. With our legal guidance and support, you can assess and document your debt, notify your creditors, and reap the benefits of the automatic stay. Find out how we can help you get a fresh financial start and start putting your life back together. Contact our case review team now for a free consultation with a Bogin, Munns & Munns team member.
Our Chapter 7 Bankruptcy Attorneys Provide Innovative Legal Service
As overwhelming as unrelenting debt can be, getting out of it can also be an intimidating process. Fortunately, you do not have to file for bankruptcy without legal guidance and support from a Daytona Beach commercial law lawyer.
When you turn to our law firm, we will:
- Make the bankruptcy process easy with virtual meetings and court appearances
- Establish your eligibility to choose Chapter 7
- Describe the U.S. Courts’ rules and requirements
- Clarify the benefits and potential drawbacks of Chapter 7 bankruptcy
- Identify exempt versus non-exempt assets
- Clarify the benefits of the discharge process
- Complete and submit your application
- File your forms and schedules on time
You have decided to seek bankruptcy protection. Now that you are ready to file, let our legal team take on the complicated filing process. We’ll treat you like family right from the start and fight for your best interests every step of the way.
Let Us Clarify the Dos and Don’ts of Filing Bankruptcy in Florida
The decision to file bankruptcy should not be taken lightly. We encourage you to give it serious thought and understand its benefits and potential drawbacks. We’ll also take time to clarify common bankruptcy’s dos and don’ts, including:
- DO: Document and track your non-dischargeable debts, create a manageable post-bankruptcy plan to eliminate any remaining debt, set realistic financial goals, organize your paperwork, and keep your remaining debt current.
- DON’T: Hide property or assets, intentionally run up debt, overpay taxes, initiate new debt or refinance existing debt, sell or transfer property out of your name, or pay off any debt included in your filing.
Our bankruptcy attorneys and staff are committed to helping you get the new start you need and deserve. We will be by your side at every leg of the journey to provide rapid responses and information-packed updates and progress reports.
To consult with an experienced chapter 7 bankruptcy lawyer serving Daytona Beach
855-780-9986
Our Daytona Beach Bankruptcy Lawyers Can Streamline the Filing Process
Once you have decided to file for bankruptcy, we will help you understand its benefits and choose the appropriate Chapter. After completing our bankruptcy questionnaire, the process typically looks like this:
- Enroll in a pre-bankruptcy credit counseling course
- Prepare and file bankruptcy forms with our help
- Meet your court-appointed bankruptcy trustee
- Attend a mandatory meeting with your creditors
- Sell any nonexempt property, if applicable to you
- Participate in a required debtor education program
- Your debts will be discharged in four to six months
Once your debts are discharged, your regular income can benefit immediately since you could be free from debts, garnishments, and other actions that decrease your take-home pay. Our lawyers will help you identify how bankruptcy benefits you and your family and ways to improve your credit score going forward.
Chapter 7 Bankruptcy Means You Can Hold on to Most of Your Personal Assets
If you qualify for Chapter 7 bankruptcy, you can discharge, or eliminate, much of your debt. However, this type of bankruptcy does not mean you must give up all your personal property, possessions, and assets. On the contrary, we can generally help you retain your:
- Home or apartment
- Automobile
- Wardrobe
- Furnishings
- Personal jewelry
- Certain government benefits
Learn more about bankruptcy exemptions and what possessions you can keep with support from our Daytona Beach Chapter 7 bankruptcy lawyers. Contact our team at Bogin, Munns & Munns for your free consultation.
What You Should Know About the Impact of Bankruptcy on Your Credit Score
Filing for bankruptcy will significantly impact nearly every part of your life. In addition to immense debt elimination, it will also impact your credit score. However, the impact on your credit rating is not permanent.
Your credit score will be lower but can increase over time with responsible credit use. In the meantime, you can start or continue making on-time payments that will improve your credit score over time.
A low credit score can prevent you from renting an apartment, getting new credit cards, or buying a new home or car. This setback is temporary, though, and does not outweigh the long-term financial benefits of discharging your debt.
Find Out How You Can Benefit From a Clean Financial Slate
Individuals and married couples who shy away from bankruptcy often do so out of fear or embarrassment. However, this does not have to be part of your decision. Anyone can become besotted with debt due to job loss, medical bills, and other reasons beyond their immediate control. In fact, the U.S. Courts cite a recent rise in bankruptcy filings (452,990 in 2023 versus 387,721 in 2022).
Daytona Beach Chapter 7 Bankruptcy Lawyer Near Me
855-780-9986
Explore the Benefits of Chapter 7 Bankruptcy in Daytona Beach
Debt can be a daily strain on you in multiple ways. If you are dealing with a debt load that far exceeds your income, a Daytona Beach Chapter 7 bankruptcy lawyer from our team can help you have it discharged through the bankruptcy court.
You do not have to let overwhelming debt continue to plague you. Contact one of our team members at Bogin, Munns & Munns for your free bankruptcy consultation today.
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