Mistakes to Avoid When Filing for Chapter 7 Bankruptcy

If you’re struggling to repay your unsecured debt from personal loans, medical bills or other expenses it’s important to consider the option of filing for Chapter 7 bankruptcy. Under Chapter 7, you are able to stop some of the harassment from your creditors and use an automatic stay to stop the phone calls. A chapter 7 bankruptcy will also wipe out most of the debt that qualifies. Accomplishing all of the steps accordingly is required for your success in a Chapter 7 filing. Unfortunately, there are many people that can make mistakes when filing for Chapter 7. Here are some of the top mistakes to avoid when filing for Chapter 7 bankruptcy:

Submitting Documents Which Are Inadequate

Bankruptcy is a process that is driven by forms and debtors will need to complete a series of forms that are required by each state and district. Filling out the forms incorrectly or filling up the wrong forms will instantly invalidate the petition. Working with a bankruptcy attorney can be a wise way to double-check the documents.

Avoiding Qualifications

In order to file for Chapter 7 bankruptcy any debtor will have to pass a means test, have not filed for bankruptcy within the past 180 days, must not have completed a chapter 7 bankruptcy in the last eight years, or completed a chapter 13 bankruptcy in the last six years.

Forgetting To Protect Properties

Assets are important to resolving a chapter 7 bankruptcy but there are specific exemptions. Not every debtor is going to be aware of this and it’s important to protect applicable assets such as property. Working with a bankruptcy attorney can often be one of the best ways to protect your assets and make sure that you don’t lose your property.

Contact us today to start the filing process for your chapter 7 bankruptcy.

This post was written by Trey Wright, one of the best bankruptcy lawyers in Tallahassee FL! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation.

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.  Information on this website may not constitute the most up-to-date legal or other information.  This website contains links to other third-party websites.  Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.

Law 

Personal Injury Attorneys Assisting Uber Accident Victims

Personal injury law firms work diligently to get injury compensation for Uber drivers and passengers, as well as third-party drivers and pedestrians harmed by an Uber. We provide dedicated representation with no upfront fees—you only pay if we win. It is in your best interest to consult with an Uber accident lawyer about your case […]

Read More
Law 

Will a Speeding Ticket Affect Insurance? Here’s Everything You Should Know

Speeding is inherently dangerous and is usually at the root of most serious accidents. High-speed crashes are more severe and more likely to result in serious injuries or death. Unfortunately, speeding violations are one of the most common driving convictions in the US. And if you’re wondering, “will a speeding ticket affect my insurance?” the […]

Read More
Law 

How Can the Police Tell if Someone Is Driving High?

Driving while under the influence of drugs or alcohol is never a good decision. When you decide to drive while impaired, you’re not only putting yourself at risk but everyone else around you as well. According to the CDC, in respect to drugs other than alcohol, accidents involving impaired drivers make up about 16% of […]

Read More