Best Car Accident Lawyers in Melbourne, FL

Navigating Chapter 7 Bankruptcy in Florida: A Step-by-Step Guide Debt can feel like a heavy weight on your shoulders, affecting every aspect of your life including your mental health and your physical well-being. If you are a Melbourne resident facing out of control debt, you may find relief through Chapter 7 bankruptcy. It is the most common form of bankruptcy, designed to offer debtors a fresh start by discharging most unsecured debts. In this blog, we will provide you with a step-by-step guide on how to navigate the Chapter 7 bankruptcy process in Florida. Mann Law is here to guide you and provide you with the legal assistance you might need. Step 1: Determine whether you qualify for Chapter 7 bankruptcy. To be eligible for Chapter 7 bankruptcy, you must pass the means test. This test examines your income for the past six months compared to the median income for a household of your size in Florida. If your income is above the median income, you may still qualify depending on your expenses. An experienced lawyer from Mann Law can assist you in determining your eligibility. Step 2: Complete mandatory credit counseling. Before filing for Chapter 7, you must complete credit counseling with an approved agency. This counseling allows you to explore alternative options to bankruptcy and helps you better understand your financial situation and budget.