Simple Basics of a Chapter 7 Bankruptcy in Florida

A chapter 7 bankruptcy is generally filed by a person with a large amount of medical and credit card debts, does not have very much income, and does not own much property. The individual who would qualify for a chapter 7 bankruptcy would be a person with little or no assets, if you were to have many valuables, creditors could try and take those goods away.
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Ray Garcia is AV Rated by Martindale Hubbell. He has been admitted to the Florida Bar since 1997 and is a Board Certified Real Estate Lawyer.