Being in debt can make your everyday life and situation pretty overwhelming. Whether it's a mortgage, a car loan, or a credit card, all of us are likely to have some debt. Sometimes, possibly through no fault of your own, your debt can become overwhelming by nature. It makes you feel like you are drowning and struggling to keep your financial head above water. Should this be the case, a Chapter 7 bankruptcy could become the financial lifesaver your family needs. Then you should consider filing a Chapter 7 bankruptcy with our experienced Chapter 7 bankruptcy attorney Winter Park.

5 Reasons For People to Pick Chapter 7 Bankruptcy

Provides a Fresh Start

At Debt Assistance Law Firm, our Chapter 7 bankruptcy attorney Winter Park believes that bankruptcy can provide you a fresh start and help you to walk away from your debt. Indeed, this bankruptcy lawsuit eliminates all sorts of debt and enables you to start over with a clean slate.

You Can Keep Your Home

Even with a Chapter 7 bankruptcy, homeowners in the State of Florida are protected by a generous homestead exemption, which usually allows them to retain their home intact.

Likely to Keep Your Belongings Intact

The experienced Chapter 7 bankruptcy attorney Winter Park from DALF believes, if you don't possess a home, you can easily keep your belongings. According to the State of Florida, individuals who don't claim a homestead exemption can claim a $4,000 super-exemption. This super-exemption places debtors in an excellent position to keep their assets intact.

You Can Potentially Keep Your Car Intact

Chapter 7 bankruptcy attorney Winter Park of DALF, believes that even if you are a bankrupt, you can potentially keep your car intact. In the State of Florida, there is a USD 1000 exemption on any equity in your vehicle. If you have a lien on the car and want to keep it intact, you can continue making payments for the vehicle and retain possession. 

If you don't have a lien on the car, with a bankruptcy, you can still keep the vehicle with a USD 1000 exemption on any equity.

Declare Yourself Bankrupt

Ultimately, it is your constitutional right to declare yourself bankrupt. It is the bank that tries to hide the ball from you. They use clever words like obligations, promises and reliability to try to convince you that you have no other options. What they never want you to know is that in the same courthouse where you are entitled to file bankruptcy, they are doing the same thing.

Never let banks bully you out of your fresh start. The U.S. Constitution declares that Congress shall have the power to establish uniform laws on the subject of bankruptcy throughout the United States. 

You wouldn't let a bank tell you where you can worship. Why would you allow them to tell you who you have to pay?

Final Thought

If your financial situation looks pretty overwhelming, and you feel like you are drowning in debt. Call DALF for a free initial consultation. As an experienced Central Florida bankruptcy attorney, our expert legal practitioner can thoroughly evaluate your financial situation and determine your eligibility for Chapter 7 bankruptcy. Furthermore, we will discuss the properties and assets you can expect to retain and explain what you should expect to turn over to the creditors. Call the expert legal practitioner of DALF to discuss whether a Chapter 7 bankruptcy is appropriate for you.