THE LAW OFFICE OF KATHRYN E. DURNELL
In 2005 Congress passed a comprehensive bankruptcy reform bill called the Bankruptcy
Abuse Prevention & Consumer Protection Act (BAPCPA). This law added new requirements
that must be met before someone can receive a discharge of debts through a chapter 7
However, contrary to popular belief, BAPCPA did not eliminate the right to file for bankruptcy.
The fact is, the majority of people who truly need to file a chapter 7 bankruptcy are
still allowed to proceed. I can help you determine if you are a good candidate for
bankruptcy and file your chapter 7 petition for you. After you have reviewed this page
I invite you to call or email my office to schedule your initial consultation.
CHAPTER 7 BANKRUPTCY:
The most common form of bankruptcy for consumers is a chapter 7 bankruptcy. This form of
bankruptcy gives debtors a "fresh start" by discharging debts. Debts that are discharged do
not have to be paid back. Filing for chapter 7 will require a debtor to list all of their debts,
income and assets in order to determine what property the debtor can keep. Debtors are
allowed to keep certain exempt property such as a minimum of household goods and interest
in one vehicle under a certain dollar amount. Property in excess of this exempt property may
have to be turned over to the bankruptcy trustee to be liquidated to satisfy claims of
creditors. However, in most chapter 7 bankruptcy cases debtors are allowed to keep all of
their property. Once a chapter 7 case is successfully concluded, the debts that were included
in the bankruptcy case are discharged and the debtor is no longer responsible for paying
The debt owed on a mortgage may be discharged through a chapter 7 bankruptcy (although
the debtor will have to give up the property). However, in some cases it is possible to keep a
property that is in foreclosure by getting current on the payments and agreeing to keep
paying for this debt in the future.
A caring lawyer
Serving Central Florida including Downtown Orlando, Baldwin Park, Winter Park, Oviedo, Winter
Springs, East Orlando, Casselberry, Waterford Lakes & Altamonte Springs.
*This attorney is a debt relief agency helping people file for relief under the code. The hiring of a
lawyer is an important decision that should not be made solely on advertising. Ask us to send you
free written information about our qualifications and experience. The information you obtain at this
site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice
regarding your own situation. Copyright 2007 by Kathryn E. Durnell. All rights reserved.