What Is A Chapter 7 Bankruptcy?

Tired of dealing with collections agencies and the fear and anxiety they unleash on your life? Are your wages being garnished? Are you afraid for your family's financial future? You do have options for starting fresh. Our experienced Chapter 7 attorneys at our Florida law firm can answer your questions about bankruptcy.

Helping You Find Relief

As soon as you walk through the office doors at Nowack & Olson, PLLC, you can start breathing more easily. With more than 40 years of combined legal experience, our attorneys know what you are facing and how to turn your situation around.

We will take immediate action and start you on the path to financial stability by:

  • Explaining your rights and obligations under the Bankruptcy Code
  • Making sure you are comfortable with the process in front of you
  • Helping you create a plan for rebuilding your credit rating
  • Taking immediate steps to protect your home, car, retirement savings and other important assets

From our office locations in Fort Lauderdale, Miami, Boca Raton and Jupiter, we help clients throughout South Florida. Call 888-813-4737 to get started now. Se habla español.

You Are Not Alone

There are many good people who struggle silently with financial issues. You are not a failure and you have not done something wrong. Bankruptcy laws are in place to help people who, like you, have fallen on hard times and are struggling with unmanageable debt.

Chapter 7 bankruptcy is often the first choice for people who are considering bankruptcy. There are reasons for choosing Chapter 13, but Chapter 7 is the most advantageous option for those who qualify.

How Do I Know If I Qualify For Chapter 7?

Eligibility for Chapter 7 is determined by the means test that takes into consideration a family's median income. Learn more about the means test.

How Does Chapter 7 Work?

In a Chapter 7 bankruptcy, nonexempt assets can be liquidated in order to pay back creditors. Once the process is completed — usually lasting between three and five months — the remaining unsecured debts are discharged.

What About My Assets?

There are various exceptions that can be taken advantage of in order to protect assets such as your house, your car or your bank accounts. As your lawyers, we will listen to your situation and help you evaluate all of your options for protecting your assets within the bankruptcy process.

Are You Ready For A Fresh Start?

Start the process today by contacting us online or by calling us at 888-813-4737 to schedule a free, 60-minute initial consultation.