Chapter 7 Means Testing Florida Chapter 7 Bankruptcy Laws
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Chapter 7 bankruptcy allows a person to liquidate their non-exempt assets and distribute the proceeds to creditors in exchange for discharge of their debts. Orlando bankruptcy attorney Walter Benenati, who has filed for bankruptcy himself, will use his personal experience and knowledge of Florida bankruptcy law to develop a positive solution for you.
Are You Eligible for Chapter 7?
Although Chapter 7 is the most common form of bankruptcy, not everyone is eligible to file for it. In 2005, Congress passed the Bankruptcy Protection Act (BAPCPA), which established a means test that determines whether or not an individual is eligible to file for Chapter 7 bankruptcy. Under this means test, someone who wants to file for Chapter 7 bankruptcy must show an average income that is below the state’s median income in order to qualify.
In Florida, a one person family with an average monthly income of $3,493 or a 6-month total of $20,958 may qualify for Chapter 7. Some judges look to your ability to pay as part of the “totality of the circumstances” test that may bar you from Chapter 7 bankruptcy, even if your income is above or below the median. An experienced bankruptcy attorney like Walter Benenati can make sure that you’ve properly calculated your income and are truly eligible for Chapter 7.
If calculating your income and ability to pay sounds like a lot of work to you, let the Benenati Law Firm handle your Chapter 7 bankruptcy. Our skilled bankruptcy attorneys will walk you through the paperwork and if you do not qualify for Chapter 7, will help you pursue a Chapter 13 bankruptcy action instead.
Filing for bankruptcy in Central Florida can be extremely complex. Call 407-BANKRUPT (407-777-7777) to get bankruptcy advice from the Benenati Law Firm, bankruptcy attorneys who know what you’re going through and can help you restart your financial life.
Don’t wait…Restart Your Life Today!
Am I Liable For My Bankrupt Business’ Debt?
As an owner of an LLC or corporation, you are most likely not obligated to pay your business’ debt. This is why many entrepreneurs choose these entities for their business structure; these structures safeguard personal assets and property in the event a business must file bankruptcy.
Don’t Just Take Our Word for It
Damaris Mendez
Client
“I was very hesitant to go through the procedure of bankruptcy, especially at this late age of my life of the close to retirement years. Going through difficult personal health and family events made this very hard, yet every person I came in contact at the Law offices of Attorney Walter Benenati made me feel at ease. They were always quick to answer any questions. Even one time I was shocked I emailed the office and not even a couple of minutes later the attorney called to answer my question. My 17 year old son, was next to me and he was “mom did that just happen”? Every step of the way they were with me. They always informed me of any changes etc. So appreciated communication and help from Olga, Maria, Zumary, Stephanie, Jennifer and Chris. I am extremely grateful to Denisse B. & Attorney Claribel Acosta for helping me so at ease with the transitions and process of it all till the end. These girls rock!!! Great communication, Great Service, forever grateful for the blessing of the Benenati Law Office for this Season of my Life. Trust me , Attorney Walter Benenati was the right choice for me and it will be for you too.”
Robert and Joyce W.
Client
“We were very impressed with professionalism no matter who we spoke to when we called the office. We were always treated with respect and kindness. The process was very smooth and there were no surprises. The whole procedure was explained beforehand and the process was exactly as explained. We were very embarrassed at having to file bankruptcy but Mr. Benenati and his staff always made us feel at ease and helped us to maintain our dignity through a very difficult time. We cannot thank them enough for helping us to get a fresh start!”
Jody C.
Client
“I’m not sure if my words alone, could explain every detailed step that was taking by every individual in the Orlando and Kissimmee offices, that helped me with all of my documents. They went above and beyond. Customer services is an understatement. I work with over 65000 people and word of mouth is everything. If you need a lawyer and his staff that will work hard for you, Walter Benenati and his staff should be your # 1 choice.”
Kesha P.
Client
“Initially, I was embarrassed about having to file for bankruptcy. Your firm made me feel comfortable about my decision and did not judge me at regarding my past financial decisions. Everything happened just the way it was explained at the consultation. No hidden costs or excessive time away from work. Thank you so much for helping me get my life back on track.”
Sarah L.
Client
The Benenati Law Firm is the best. I can’t speak highly enough about their staff. Walter and their team were excellent helping me in my case. They answer all questions, answer the phone immediately every time, and they offer an awesome price. They are very knowledgeable with all laws. I’m amazed how fast my case was handled and done. I will continue to to use the Benenati Law Firm in the future. I would definitely recommend to my family and friends. Thank you Benenati Law Firm for helping me restart my life.
D. Morgan
Client
“Amazing Law firm! The best in the business. Don’t delay. Push the Restart Button!”
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