Caroline Secor PA

Chapter 7 Bankruptcy Pasa Grill

Many individuals associate wealth, money, or property with a successful life that has been fully lived. To some extent, this can be true. Many Americans work hard day in and day out to invest time, energy, and money into their home and / or car. Unfortunately, hard times can hit at any given moment, causing many people to consider finding a compromise that can help salvage their quality of life and ease financial burdens.

At Carolyn Secor PA, we believe that filing for Chapter 7 bankruptcy can be a viable solution for many individuals who are suffering from financial hardship. Chapter 7 may not be ideal for every financial situation. Carolyn Secor can help determine whether your circumstances can benefit from a Chapter 7 filing.

About Chapter 7 Bankruptcy

Chapter 7 bankruptcy is also known as a "straight bankruptcy." Chapter 7 refers to the legal process of liquidating - or selling - all of your property to pay back creditors, lenders, or banks. As a result, all - or in some cases, most - of your debt will be cleared and wiped away. This can be extremely good news for individuals who are deep in debt and do not see any other legal options to recover financially.

When individuals can no longer afford to pay credit card bills, car payments, insurance premiums, or mortgage payments, a straight bankruptcy can be an ideal way to clear all debts owed. Once property is sold and liquidated, all proceeds are paid toward the debt that is owed. In order to determine eligibility for Chapter 7 bankruptcy, individuals must first pass a bankruptcy means test, which assesses an individual's financial circumstances or eligibility.

What to Expect While Filing Under Chapter 7

After paying a filing fee, the filing process can include:

  • Mandatory credit counseling or debtor education programs
  • An order for relief from creditor harassment
  • Bankruptcy court garnering control of property
  • Creditors, lenders, and banks being paid by liquidating your non-personal assets
  • Attending a creditor's meeting
  • Discharge of all debts by the court

There may be some debts that cannot be relieved by Chapter 7 bankruptcy. As counselors at law, we would never advise you to file for bankruptcy if it were not in your best interest. Before considering Chapter 7, Chapter 11, or Chapter 13, it is wise to a bankruptcy lawyer from our firm to determine which legal strategies can yield the best possible outcome for your circumstances.

Carolyn Secor


The federal government passed new bankruptcy reform legislation in October 2005. However, don't be discouraged! Most studies indicate that the new law affects less than 15% of individuals who could have filed previously. If you are feeling overwhelmed by your debts and considering filing bankruptcy, it is highly probable that you fall into the category of the 85 percent of people who are still eligible to file.




"Serving Pinellas, Pasco, and Hillsborough Counties."

Carolyn Secor, Attorney at Law
Bankruptcy Attorney Tampa Bay Florida
Florida Law Firm with Offices in
Clearwater (Main Office) Tampa St. Petersburg Port Richey
Phone:  1-727-254-1704

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

|[ Home || Bankruptcy Information |Fl Ememptions  ||Why Bankruptcy | Profile || Contact/Dir| | Appointment ||Harrassment |  Blog  Site Map |