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.
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.