Filing bankruptcy is never a pleasurable experience. Bankruptcy can be a difficult legal cavern to navigate and unless you know the law, you may make the wrong decisions that will affect the rest of your life. Chapter 7 bankruptcy is one of the most filed bankruptcies in Miami. Chapter 7 allows for the liquidation of your assets to repay all outstanding debts you may have. Here is a few tips when considering a Chapter 7 bankruptcy in Miami. • Always seek the counsel of a chapter 7 bankruptcy attorney in Miami before initiating a bankruptcy filing. They may be able to find other alternatives to filing bankruptcy in Miami. • Evaluate your assets. If you can pay off your outstanding debts by liquidating your assets yourself, you should! This will help you avoid a stain on your credit report that can last for MANY years. • Chapter 7 bankruptcy in Miami should only be considered when you retain very little in the way of assets. Chapter 7 bankruptcy in Miami is usually only used by those whom have outstanding medical bills or the like. Chapter 7 bankruptcy will liquidate all of your assets to repay your creditors, so if you only have a thousand dollars in assets you may be forgiven a massive amount of debt for a small amount of money. Speaking with a chapter 7 bankruptcy lawyer in Miami will help you decide if a chapter 7 bankruptcy is right for you. You may need to file another type of bankruptcy, especially if you are trying to keep your home and your vehicle. A chapter 13 bankruptcy may be more preferable. A chapter 7 bankruptcy attorney will guide you through the entire process of filing for bankruptcy and explain the affects that a chapter 7 bankruptcy will have on your credit. Tags: Miami Foreclosure Lawyer, Miami Foreclosure Attorney, Foreclosure Lawyer Miami, Foreclosure Attorney Miami, Short Sales Miami, Miami Short Sales, Miami Sports Lawyer, Miami Sports Attorney, Miami Entertainment Lawyer, Miami Entertainment Attorney, Condo Law Attorney Miami, Condo Law Miami
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