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  • Sultana Law, P.A. - 2699 Lee Road Suite 110, Winter Park, FL 32789
  • Tel: (407) 545-2099 • Fax: (407) 545-4679
  • Email: Info@SultanaLaw.com

Understanding Chapter 7 Bankruptcy

Contact our office for your FREE initial bankruptcy consultation.  You have nothing to lose by finding out what your options are.  So give us a call or fill out the contact form to the right so we can help you to a brighter financial future!

Chapter 7 Bankruptcy may be the key to reclaiming your financial freedom.  It is commonly referred to as a “Fresh Start” bankruptcy because it allows the debtor (person filing the bankruptcy) to discharge most, if not all, unsecured debt, effectively starting his or her financial life over. Chapter 7 bankruptcy may be a wise decision for you if you are:

Afraid you won’t be able to continue making your mortgage payments and pay all your other bills;

Struggling with unmanageable debt, like credit card debt or debt from a failed business;

Reluctant to answer the phone because debt collectors are harassing and threatening you;

Anticipate you are going to be sued, or already have been sued and expect a  judgment will be entered against you that you can’t pay;

Accumulating medical bills you have no idea how you are going to pay;

Fear your wages may soon be garnished or may already be garnished (which bankruptcy may be able put a stop to); or

Any combination of the above.

Perhaps you’ve lost your job or had your hours (and pay) cut, unexpected medical bills have devastated your savings, or your credit card debt has skyrocketed because you’ve been using them to make ends meet. There are many good reasons you may be experiencing severe financial stress. It is important for you to remember that your first priority is taking care of yourself and your family. No one is going to benefit from you continuing to struggle only to get deeper in debt.

At Sultana Law, we understand facing bankruptcy can be an incredibly stressful and overwhelming experience. We’ve dealt with hundreds of clients just like you—hard working folks who found themselves in over their heads with money troubles. We want you to know that there is relief. That this, too, shall pass. You may be entitled to relief through the courts, and an opportunity to rebuild your financial life. We are here to guide you through the process and to help you decide the most appropriate course of action so you can get back on your feet.

Filing for Chapter 7 Bankruptcy can clear your financial slate.

Chapter 7 bankruptcy, also known as “fresh start” bankruptcy, is the type of bankruptcy most frequently filed in bankruptcy courts throughout the country. It discharges (forgives) most, if not all, of your unsecured debts and your creditors can never again pursue you to try to collect that debt.

Although the bankruptcy court also may take assets that are not exempt, Florida law is generous when it comes to exemptions. Sultana Law has in-depth knowledge of these exemptions, and we work closely with you throughout the bankruptcy process to help ensure that your home, vehicle or retirement accounts are protected.

Certainly, there can be pitfalls in bankruptcy proceedings, and you need to know these so you can make the best decision for you and your family. That’s why we sit down with you, personally, to explain and guide you through the process. We work to clarify issues, protect your interests, and zealously advocate for you. We assist you in collecting and preparing all the documentation required by the court, and we attend all meetings and hearings with you so you are never alone.

Bankruptcy is not forever nor the end.  It can mean the start of a brighter financial future!

Contrary to common beliefs, bankruptcy does not ruin your credit rating forever. The truth is, by the time most people decide to file bankruptcy, their credit scores already are pretty low anyway due to defaulting on credit card payments, car loans, even mortgage payments. The good news is, once you have been relieved of the most crushing debt, through bankruptcy, you may begin to rebuild your credit score in as little as six months. If you so desire, Sultana Law can provide guidance on how to rebuild your credit score.

Sultana Law takes pride in being the resource you can depend on throughout the bankruptcy process. Our goal is to help you meet your financial goals as quickly and smoothly as possible so you can get a on with living your best life.

To schedule your FREE initial bankruptcy consultation, call Sultana Law today at (407) 545-2099.