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The solution may be Chapter 7, which discharges debts but also liquidates assets though not all of a person's assets. Chapter 13 bankruptcy allows a person to keep their assets, but puts them on a strict repayment plan. No matter which type you file for, the court puts an ?automatic stay? on any foreclosure action.
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in ance with the provisions of the Bankruptcy Code.
Get Your Filing Fee This fee is the same throughout the United States. If you can't pay the fee, you can request a fee waiver from the court. To qualify for a waiver, your income must be less than 150% of the federal poverty guidelines. See the Florida Fee Waiver Eligibility table below.
Only individuals (including married couples) can file bankruptcy or appear before the court without a lawyer. Self-represented parties may use this page to access some information about the bankruptcy process and some required local procedures.
If the determined monthly income is over $12,475, then you'll very likely have to move forward with another bankruptcy option. Any monthly income between $7,475 and $12,475 will require further calculations to determine eligibility.
Some of the forms you'll have to fill in a Florida Chapter 7 bankruptcy case include: Voluntary Petition for Bankruptcy. Florida Bankruptcy Schedule A/B: To list all your real property and personal property. Florida Bankruptcy Schedule C: Exempt property. Florida Bankruptcy Schedule D: Secured bankruptcy claims.