Chapter 7 Bankruptcy

Check out this video to learn about chapter 7 bankruptcy in Florida. Then call Perenich the Law Firm for a free legal consultation.

Question:

What is the difference between chapter 7 and other types of bankruptcy?

Answer:

Chapter 7 Bankruptcy I met with a client earlier this week who was asking me about the different chapters in bankruptcy, and he was particularly interested in Chapter 7. The idea in Chapter 7 is that a person surrenders certain assets to discharge certain debt. Some assets are exempt, which means that the person gets to keep those assets, and sometimes certain debts are not dischargeable, like student loans or certain IRS claims. The main idea of Chapter 7 is it’s a liquidation in which the client gives up certain assets to discharge certain debts.

We’ve been representing clients in bankruptcy, including Chapter 7, for the last approximately 30 years, and I’ve represented clients throughout the state of Florida. We provide a free consultation and are happy to help.


Are you or a loved one unable to pay your debts and have questions about Chapter 7 bankruptcy? Contact our experienced Tampa Bay Bankruptcy Lawyers at Perenich The Law Firm today for a free consultation and case evaluation.

Our Florida law firm helps those struggling with debt see the light at the end of a dark tunnel. Let us navigate it for you.

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