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Chapter 7 bankruptcy is the most common U.S. bankruptcy type and works like a liquidation: a trustee sells your nonexempt property and uses the money to pay creditors. At the end, you get a discharge that can wipe out many dischargeable debts, though some debts (like certain taxes, student loans, child support, and alimony) may not be discharged. In Florida your Homestead is exempt from creditors liquidation, however any other income properties or second homes are not. You may have the opportunity to resign auto loans if you choose. The price for document preparers is determined by the law. Therefore, printing is not included. Filing fees are $308 pad directly to the Clerk of the Bankruptcy Court, however, we will gladly complete the form to see if you qualify for a waiver of the filing fee.
Chapter 7 bankruptcy is the most common U.S. bankruptcy type and works like a liquidation: a trustee sells your nonexempt property and uses the money to pay creditors. At the end, you get a discharge that can wipe out many dischargeable debts, though some debts (like certain taxes, student loans, child support, and alimony) may not be discharged. In Florida your Homestead is exempt from creditors liquidation, however any other income properties or second homes are not. You may have the opportunity to resign auto loans if you choose. The price for document preparers is determined by the law. Therefore, printing is not included. Filing fees are $308 pad directly to the Clerk of the Bankruptcy Court, however, we will gladly complete the form to see if you qualify for a waiver of the filing fee.