Chapter 7

Chapter 7 cases under the Bankruptcy Code involve the liquidation of the non-exempt assets of individual or business debtors, leading to the debtor’s discharge from liability for their dischargeable debts. Generally, this means that all of the debtor’s assets, minus those that are exempt under Federal or State law, are turned over to the Chapter 7 Trustee who will liquidate those assets and distribute the proceeds to your creditors. Florida law allows most residents to exempt 100% of the equity in their Homestead and primary residence from the Bankruptcy Trustee. The attorneys at Moffa & Bierman are here to help individuals and businesses with filing Chapter 7 cases. The Bankruptcy Code is a very complex Federal statute and bankruptcy cases should always be given substantial consideration. A Chapter 7 case is not appropriate for every business or individual depending on their specific circumstances. Our attorneys are highly qualified to advise on this subject, and offer a complimentary consultation to help you decide. If an МВ attorney finds that a Chapter 7 is right for you or your company, МВ is available to assist with:

  • Filing Complex Bankruptcy Schedules
  • 341 “Meetings of Creditors”
  • Determining Exempt Property
  • Means Test Calculation (where appropriate)
  • Protection from Violations of the Automatic Stay
  • Reaffirmation Agreements
  • Communications with the Bankruptcy Trustee
  • Defending Motions by Trustees, Creditors, or Interested Parties
  • 2004 Examinations
  • The Purchase or Buyback of Non-Exempt Property from the Bankruptcy Trustee
  • Defending Adversary Proceedings (Lawsuits) Brought by bankruptcy trustees and Creditors
  • Commencing Adversary Proceedings