Bankruptcy – Chapter 7
Put an end to harrassing calls – get your life back on track with a new start from a Chapter 7 Bankruptcy!
Christopher Doty is an experienced Chapter 7 Bankruptcy attorney serving Ocala, Florida and the surrounding areas. Filing any bankruptcy can be a scary and daunting decision to face. You may feel as if you have no options except negative ones, but that doesn’t have to be the case when filing Chapter 7 bankruptcy. Moreover, Chapter 7 Bankruptcy can offer you a chance at a fresh start and put and end to your financial stress and struggles. At the Law Offices of Christopher Alan Doty, PA, we are committed to providing our clients with compassionate, and personalized legal guidance. When your financial interests need protecting you need an experienced Chapter 7 Bankruptcy attoreny. Let me help you to retain possesson of important property items and work to secure your positive financial future. Call or contact me and let me explain your options under Chapter 7. You’ll realize that the process is not as overwhelming as it may initially seem and that you can get your life back on track.
If I’m current on my home mortgage will I get to keep my property if I file Chapter 7 Bankruptcy?
Florida has a very generous Homestead Exemption. While all states are different in some respects, in Florida you will be allowed to keep your home if you are current on your mortgage. If you fall behind on your mortgage following your filing, creditors may then go after the equity in your home.
How do Chapter 7 Bankruptcy proceedings Work?
Chapter 7 bankuptcies are very common filings in the United States as well as Florida. Unlike Chapter 13 bankruptcies, a Chapter 7 does not involve any type of repayment plan. A Chapter 7 does not involve a reorganization or continuation of a business. The majority of Chapter 7 filings are completed with-in 3 months of the filing date. If you have a minimal amount of disposable income after paying your monthly expenses, there is a good chance you are eligible to file Chapter 7 Bankruptcy.
What assets can be protected under Chapter 7 Bankruptcy?
One of the positives of filing a Chapter 7 bankruptcy is that some types of debt can be forgiven. These can include, credit card debt, medical bills, certain loans, and foreclosures of homes. Some debts are not forgiven, including student loans, alimony and child support obligations. Court penalties and fines are also excluded. There are also certain exemptions and methods to protect a family home or vehicle. However, you may be required to agree to any existing financing terms, such as with a car loan. If you are current on your mortgage, you may be able to enter into a modified agreement with your mortgage provider.
A successful bankruptcy proceeding will remain on your credit report for 10 years, but in 18 months, you can begin to establish a strong credit rating. In fact, many people have had greater success fixing their credit through bankruptcy and by starting over fresh as opposed to working on their credit outside of bankruptcy.
Why choose Christopher Alan Doty, to be your Chapter 7 Bankruptcy attorney?
I pride myself in looking after the needs of ordinary people in Central Florida who work hard and deserve a second chance and fresh start. Hiring a professional and well-prepared lawyer is a crucial decision on the outcome of your future. I have studied Bankruptcy law extensively and have exceeded my client’s expectations on all levels. I offer personalized service and have made it my mission to “FIGHT 4 FAMILIES” throughout Ocala and the surrounding area. As a former United States Marine, it is my honor to continue to serve and protect your rights. I look forward to meeting with you and discussing your case. Sincerely, Christopher Alan Doty, Esq.
Christopher Doty helped our family when we needed it most! Grateful for his hard work.
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