Expert Chapter 7 Bankruptcy Lawyer in Miami - Lacayo Law Firm

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Why Choose Lacayo Law Firm for Chapter 7 Bankruptcy?

Understanding Chapter 7 Bankruptcy in Miami

What is Chapter 7 Bankruptcy?


Chapter 7 bankruptcy, also known as "liquidation bankruptcy," allows individuals to discharge most of their unsecured debts, such as credit card debt, medical bills, and personal loans. This process provides a fresh financial start by eliminating debt and stopping creditor harassment.

Eligibility for Chapter 7 Bankruptcy

To qualify for Chapter 7 bankruptcy in Miami, you must pass the means test, which compares your income to the median income in Florida. If your income is below the median, you may be eligible for Chapter 7. Our attorneys will guide you through this process to determine your eligibility.

The Chapter 7 Bankruptcy Process

The Chapter 7 bankruptcy process involves several steps, including:


  1. Filing a Petition: Submitting the necessary forms and documents to the bankruptcy court.
  2. Automatic Stay: An automatic stay is issued, stopping creditors from pursuing collection actions.
  3. Trustee Appointment: A trustee is appointed to oversee your case and manage the liquidation of non-exempt assets.
  4. Meeting of Creditors: Attending a meeting with the trustee and creditors to answer questions about your finances.
  5. Debt Discharge: Upon successful completion of the process, your eligible debts are discharged, providing you with a fresh start.

Benefits of Filing for Chapter 7 Bankruptcy

Immediate Debt Relief


Filing for Chapter 7 bankruptcy provides immediate relief from overwhelming debt, allowing you to regain control of your financial situation and focus on rebuilding your future.


Protection from Creditors


The automatic stay that comes with filing for Chapter 7 bankruptcy halts all collection actions, including lawsuits, wage garnishments, and creditor harassment, giving you peace of mind.


Discharge of Unsecured Debts


Chapter 7 bankruptcy allows you to discharge most unsecured debts, including credit card balances, medical bills, and personal loans, giving you a clean slate to start over.


Retention of Exempt Property


Florida bankruptcy laws provide exemptions that allow you to keep essential property, such as your home, car, and personal belongings, while discharging your debts.

How Lacayo Law Firm Can Help You Through Chapter 7 Bankruptcy

Personalized Legal Advice

At Lacayo Law Firm, we understand that every financial situation is unique. Our attorneys provide personalized legal advice tailored to your specific circumstances, ensuring the best possible outcome for your case.

Detailed Case Evaluation

We conduct a thorough evaluation of your financial situation, including an analysis of your debts, assets, and income, to determine the most effective strategy for your Chapter 7 bankruptcy case.

Assistance with Documentation

Filing for Chapter 7 bankruptcy requires extensive documentation. Our team will assist you in gathering and preparing all necessary documents, ensuring that your petition is accurate and complete.

Representation at Creditor Meetings

We will represent you at the meeting of creditors, providing support and guidance as you answer questions from the trustee and creditors. Our goal is to make this process as smooth and stress-free as possible.

Post-Bankruptcy Guidance

After your debts are discharged, we provide guidance on rebuilding your credit and managing your finances to help you achieve long-term financial stability.

Frequently Asked Questions About Chapter 7 Bankruptcy in Miami

Will I lose my home if I file for Chapter 7 bankruptcy?


In most cases, you can keep your home if you continue making mortgage payments and your equity is within the Florida exemption limits. Our attorneys will help you understand your options and protect your assets.


How long does the Chapter 7 bankruptcy process take?


The Chapter 7 bankruptcy process typically takes about 3-6 months from the filing date to the discharge of debts. Our team will work diligently to expedite your case and minimize any delays.


Can I include all my debts in a Chapter 7 bankruptcy?


While most unsecured debts can be discharged in Chapter 7 bankruptcy, certain debts, such as student loans, child support, and recent tax obligations, may not be eligible for discharge. We will review your debts and advise you on what can be included.


How will Chapter 7 bankruptcy affect my credit score?


Filing for Chapter 7 bankruptcy will impact your credit score, but it also provides an opportunity to rebuild your credit. Many clients see an improvement in their credit score within a year of filing, as they eliminate their debt burden.


Can I file for Chapter 7 bankruptcy more than once?


Yes, you can file for Chapter 7 bankruptcy more than once, but there are time restrictions. You must wait eight years from the date of your previous Chapter 7 discharge to file again. We can help you understand the timing and requirements for filing.

Contact Lacayo Law Firm Today for a Free Consultation

If you're struggling with debt and considering Chapter 7 bankruptcy in Miami, don't wait to seek legal assistance. Contact Lacayo Law Firm today for a free consultation. Our experienced attorneys are here to help you navigate the bankruptcy process and achieve financial freedom.


At Lacayo Law Firm, we are committed to providing top-notch legal representation for individuals and businesses facing Chapter 7 bankruptcy in Miami. Our experienced team is here to support you every step of the way, from the initial consultation to the resolution of your case. Don’t hesitate to contact us for a free consultation and take the first step towards securing the financial freedom you deserve.

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The Firm

At Lacayo Law Firm, P.A. we know the value of protecting our families and our community. Founded by brothers Gilbert and Christian, who have spent more than a decade each in the legal field, we aim to provide balanced, complete representation on a wide variety of matters.

Contact Info

  • 6505 Blue Lagoon Dr. Suite 105, Miami, FL 33126

  • (786) 671-4878