Chapter 7 Lawyer West Palm Beach
A "Chapter 7 bankruptcy" refers to Chapter 7 of the U.S. Bankruptcy Code governing the liquidation of a debtor's assets. A Chapter 7 bankruptcy may be filed by a personal or corporate debtor. The goal of a Chapter 7 bankruptcy is to obtain a discharge of the debtor's debts.
To qualify for the filing of a Chapter 7 bankruptcy, a debtor, if not exempt, must pass a 'means test', which is a calculation based on income over the six month period preceding the bankruptcy filing. If a debtor passes the means test, the debtor must subsequently complete a credit counseling course given by an agency approved by the U.S. Trustee, which course must be completed within 180 days of the bankruptcy petition filing. Upon filing of the petition, the debtor must submit appropriate schedules detailing a comprehensive list of all assets and liabilities. Thereafter, a trustee is appointed to administer the case. Within approximately 30 days of the filing, a '341 meeting' is held between the debtor and the trustee wherein the trustee makes factual inquiry into the state of the debtor's financial affairs. This meeting is held under oath and creditors are entitled to appear. After the 341 meeting, interested parties may object for cause to the discharge of the debtorÂ’s debts. Subsequently, the trustee conducts an administration of assets.
Typically within 60 days of the 341 meeting, the debtor will receive a discharge of those debts which may discharged, meaning that such debts are no longer enforceable against the debtor.
Why Should You Choose Michael A. Kaufman, P.A.?
- Evening hours
- Weekend hours
- Hands on personal attention
- State & federal trial experience
Approachable at any given time, understanding, compassionate, reassuring, and makes difficult humiliating situation feel a little better.
Excellent service during a very difficult time for us. Highly recommend.
I give Mr. Kaufman a 5 star rating because I am very impressed with his over all handling of my case which was very efficient. He is very confident and informative, always let me know what to expect next, I never felt like I was left out in the dark. In fact, as soon as I talked to him I knew he was going to take care of everything and that was a load off my mind. His easy going manner made it easy to ask questions and I might add, he knew the answers to everything I asked. Thank you Mr. Kaufman for taking care of my case in such a way that you made it look easy, which I never would have believed when I began.
I give Mr. Kaufman a 5 star rating because not only is he professional and specialize in everything, he is considerate, helpful, reassuring and compassionate. Thanks for being the best at what you do.
Request an Appointment
Message Sent. Thank you for contacting us. We will be in touch with you shortly.
8:30am - 6:00pm, Every Day