Considering filing bankruptcy? Here is what you need to know about bankruptcy chapter 7

Chapter 7 Bankruptcy Eligibility Requirements

Chapter 7 is the most widely-known type of bankruptcy, and it involves the use of income and liquidation of all nonexempt assets to repay as much debt as possible. In return, the court forgives the business or individual of any and all remaining debt. In many cases, a person may go through chapter 7 bankruptcy without losing any assets, either if the person has no assets, or if those assets have been deemed to be exempt. This is generally the fastest way to file for bankruptcy and can be concluded in short order with the assistance of a skilled Ft. Lauderdale chapter 7 bankruptcy attorney.

Due to generous bankruptcy laws in Florida, there are a variety of different assets that can be exempted from the liquidation process in chapter 7 bankruptcy. Some of those exemptions include the person's home, retirement accounts, benefits and many other personal or business assets. Debtors may also be allowed to keep automobiles and personal possessions such as jewelry or gifts, and can even keep money saved in the bank from wages. In many cases, an individual or business may be allowed to undergo the bankruptcy process without losing anything at all. There are a lot of complicated details that may determine what can and cannot be excluded from liquidation, however, so be sure to consult a professional before moving forward.


When it comes to bankruptcy, there is no substitute for professional experience. Attorney Chad Van Horn, our managing partner and leading attorney, obtained an AV Preeminent® Peer Review Rating™ from Martindale-Hubbell®. This distinction signifies Mr. Van Horn's dedication to excellence in the legal field and our firm’s commitment to giving clients the best legal guidance and service that we can provide. Call our office to see what our team can do for your case.

Filing for Chapter 7 Bankruptcy

Van Horn Law Group, P.A. has worked with many Florida bankruptcy clients throughout our many years in practice, and we understand how to navigate the process in a way that leaves you with the best opportunity for success. Our firm will work closely with all clients to determine whether chapter 7 bankruptcy is your best option, which exclusions can be secured, and how to make the most of your second chance and fresh financial start . We believe in your right to start over in situations where you're unable to repay the debt you have accrued, and we will fight to see that you get every opportunity to start over, as you are entitled under the law.

About Our Zero Down Bankruptcy Option

While many people opt to pay for fees at once or on a retainer basis, some prefer to utilize our $0 Down payment option. Here's how it works: After you sign an engagement for services agreement with our firm, generally speaking, the court filing fees and costs will be paid up front. These can be waived in certain circumstances. You do not pay anything initially for our bankruptcy legal fees. We work out a payment plan with you, where you are aware of the fees in advance for our services. You'll pay on a monthly basis over 12 months until our fee is paid. Some clients find this helps to allow them to meet all their obligations while the bankruptcy process proceeds. If you have further questions about our services or this option, please don't hesitate to contact our office.

Client Fee Payment Policy