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Chapter 7 Bankruptcy

Jacksonville bankruptcy attorneys giving individuals relief from debt

Sometimes situations beyond your control can profoundly impact your earning potential and lead to overwhelming debt. If you find yourself unable to pay your bills, you may want to consider filing for bankruptcy. Designed to give debtors a fresh start, Chapter 7 bankruptcy gives you and your spouse relief from debts through liquidation of your assets. Once you have filed for bankruptcy, creditors must immediately stop collections efforts, including harassing letters and phone calls.

Means test

To qualify for Chapter 7 bankruptcy relief, you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in Florida. If you are not eligible for Chapter 7 bankruptcy, Chapter 13 may be available. Law Offices of Carol M. Galloway, P.A. can help you determine whether you are eligible for Chapter 7 bankruptcy and if it is your best solution for dealing with your debts.

Discharge of debts

Our attorneys can help you determine which our your assets are eligible for exemption and negotiate with the trustee to preserve these assets from bankruptcy liquidation. Upon conclusion of the bankruptcy proceedings, the court grants a discharge of your debts.

Preparing for your appointment

So that we can immediately begin analyzing your case, it is necessary that you bring certain information to your appointment with Law Offices of Carol M. Galloway, P.A., including:

  • A list of your creditors’ names, amount of each claim and nature of the debt
  • Your employer’s name and your gross and net income
  • Other sources of income and amounts
  • A list of what you own and estimates of the value of each item
  • A list of your monthly bills and details of each expense

Contact experienced bankruptcy attorneys in Florida

Call Law Offices of Carol M. Galloway, P.A. at 904-356-7005 or contact us online to schedule your bankruptcy consultation at our Jacksonville, Florida office.

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