Florida Bankruptcy Services Paralegal Petition Preparer Chapter 7 pro se Ch 13 
St. Petersburg Pinellas Clearwater Hillsborough
 Florida Chapter 7 Bankruptcy Basics
Chapter 7 is basically a debt liquidation plan that allows debtors with few assets to shed unaffordable debt every 8 years. 

You must pass the Means Test (income qualify) to file Chapter 7 bankruptcy but most people qualify given today's economy.

Exemptions allow you to keep most (if not all) of your property (including your tax refund) to help you get a fresh start.

Reestablishing credit is easy & can be done within a year.
                                 

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You must list the following in your Chapter 7 bankruptcy.

Real Property.  Don't be surprised if the value of your home has dropped substantially because many mortgage companies over valued homes & county tax appraisers finally had a sanity check.

Personal Property.  All personal property must be listed including your household goods & furnishings (valued at yard sale prices), jewelry, vehicles, timeshares, etc.

Exemptions.  This is what you are allowed to keep and includes your tax refund (100%); $1,000.00 in personal property; $1,000.00 in a vehicle; IRA & 401k  (100%), homestead (100%).  A $4,000.00 "wild card" exemption may also be claimed if you do not own a home or are surrendering your home.  Couples double these amounts.

Unsecured Debt.  This is credit cards, medical, and anything else that is not financed or you no longer possess what was financed.  You must also list all collection agencies because some purchase debt.

Priority Debt.  This is usually taxes & child support.

Secured Debt.  This is what you have financed & only you decide whether you want to keep it or surrender it. 

Executory Contracts.  This includes leased vehicles, rent to own furniture, and other contractual obligations.

Income.  All sources of income must be listed.

Expenses.  All expenditures must be listed.

NOTE:  The Chapter 7 Trustee may take and sell all non-exempt property and distribute the proceeds to the unsecured creditors.  You will have the opportunity to keep your non-exempt property by entering into a "buy-back" agreement with the Trustee.  If you execute a buy-back agreement with the Trustee, you will make either a lump sum payment to the Trustee or make monthly installment payments over a period of several months.
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