Filing Bankruptcy

If you are drowning in debt and unable to pay back creditors, the Law Offices of Walter Benenati can help you file Chapter 7 in Orlando, or surrounding communities such as Kissimmee and Sanford.  As a credit attorney, Mr. Benenati uses his knowledge of bankruptcy law to develop viable solutions for his clients’ financial problems

Accumulating unpaid bills, increasing interest rates, and constant calls from collections agencies can lead to feelings of hopelessness.  You may also feel an acute sense of shame about your precarious situation.  The important point to remember is that you are not alone.  In these difficult economic times, the Law Offices of Walter Benenati has helped many individuals take matters into their own hands with a Chapter 7 bankruptcy in Orlando

There are many reasons, some beyond our control, why people arrive at the decision to file bankruptcy:

Loss of job
High medical expenses
Credit card debt
Diminishing value of house
Costs linked to a divorce settlement

Regardless of the reason, Mr. Benenati is ready to help.  Contact our firm to explore chapter 7 in Orlando

Filing Chapter 7

As the most common form of personal bankruptcy, Chapter 7 involves the complete liquidation of your non-exempt assets, which are then distributed to your creditors, in exchange for a discharge of your debts.  Chapter 7 is also referred to as ‘liquidation’ and represents a “fresh start” for individuals.  Of course, the negative side to filing Chapter 7 in Orlando is that the bankruptcy will remain on your credit report for at least 10 years.  Nevertheless, Walter Benenati can.
Establishing eligibility

Not everybody can file for Chapter 7.  In 2005, Congress passed the Bankruptcy Prevention Abuse and Consumer Protection Act (BAPCPA), which introduced a “means test” to establish eligibility.  Under the means test, an applicant must demonstrate an average income below the state’s median income in order to qualify for Chapter 7.  (In Florida, the median income for a single wage owner is $42,468.) Those who do not qualify for Chapter 7 can pursue a Chapter 13 bankruptcy instead

Filing for personal bankruptcy in Orlando can be quite complicated.  The Law Offices of Walter Benenati will walk you through the paperwork and help ensure that the decisions that you make are in your best interests.  Call 407-BANKRUPT (226-5787) for chapter 7 bankruptcy in Orlando.