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Chapter 7 Bankruptcy in Florida

Chapter 7 Bankruptcy in Florida: History & Differences Between Filings

According to data on US bankruptcy filings, Florida had the second-highest number of Chapter 7 filings in 2021, a trend that seems to persist in 2022. While declaring bankruptcy doesn’t sound pleasant, it’s not a black-and-white issue — it can benefit consumers, but it also comes with significant downsides. By filing for Chapter 7 bankruptcy

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woman doing her finances

Chapter 7 Bankruptcy in Florida: What You Need to Know

Chapter 7 bankruptcy is the most common type of bankruptcy filed by consumers.  In fact, in Florida, 72% of all bankruptcy filings in 2021  were for Chapter 7. Financial challenges can happen to anyone.  If you are struggling to pay off debts, you might be wondering whether filing for Chapter 7 bankruptcy is the best

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married couple

Can One Spouse File for Bankruptcy in Florida?

When a married couple in Florida struggles financially, one option for getting out of debt is for the spouse to file for bankruptcy. Filing for bankruptcy can provide some relief by stopping creditor harassment and allowing the debtor to reorganize their finances under the court’s protection. However, there are some things to consider before making

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bankruptcy

Filing Chapter 7 Bankruptcy in Florida: Advantages and Disadvantages

The United States courts report that personal and business bankruptcy filings have steadily decreased. According to analysts, the US court systems saw a 27.9% and 29.1% reduction in bankruptcy for business and non-business filings, respectively. It’s a promising reduction compared to the numbers from the height of the pandemic last year. In 2021, approximately 310,597 Chapter 7

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Miami Bankruptcy serves clients throughout the Miami and Miami-Dade County area, South Florida and the Florida Keys, including Kendall, Westchester, Sweetwater, Pinecrest, Palmetto Bay, Cutler Bay, Homestead, Florida City, Cutler Ridge, Richmond Heights, Key Largo, Marathon, Islamorada, Big Pine Key, Key West, Tavernier and Plantation.

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