Understanding the Benefits of Chapter 7
For individuals overwhelmed by debt, Chapter 7 bankruptcy offers a clear legal route to discharge unsecured obligations such as credit card balances, medical bills, and personal loans. If you’re in Melbourne, Florida and feel like your financial situation is out of control, working with a Chapter 7 lawyer could provide the structure and support you need to start over.
This form of bankruptcy can eliminate the majority of debts and bring an end to harassing phone calls, lawsuits, and wage garnishments. It’s often a faster and more effective solution than people expect.
Who Qualifies for Chapter 7?
Not everyone qualifies for Chapter 7, but many do—more than they realize. Eligibility is based on your income and expenses. If your income is below Florida’s median, you likely pass the means test. Even those slightly above the median can still qualify depending on household expenses and debts.
Chapter 7 is ideal for individuals who lack the income to pay down debt and do not have significant non-exempt assets. Most filers are able to keep property such as their car, household goods, and sometimes even their home, depending on the situation.
The Filing Process Explained
Once your case is filed, the court issues an automatic stay. This immediately halts collection activity, offering relief from calls, letters, and wage deductions. Within a few weeks, you’ll attend a brief meeting with a bankruptcy trustee, but most filers never have to go to court.
The process typically lasts three to four months from start to finish. Once complete, eligible debts are wiped away, giving you the opportunity to rebuild without the same financial burden.
Why Choose Harnage Law, PLLC
At Harnage Law, PLLC, we work closely with each client to understand their specific challenges and goals. Filing bankruptcy is a serious decision, and it deserves attention to detail and thoughtful guidance.
If debt is making it hard to see a way forward, a Chapter 7 lawyer in Melbourne, Florida can help you find a solution. You don’t have to stay stuck—there is a path forward, and it starts with taking the first step.
