It has been said that the three most stressful events that a person may face in life are:the death of a loved one, a divorce, and financial hardship (bankruptcy). Filing for bankruptcy protection is a very stressful process. It is important that a person not face bankruptcy alone. A qualified Tampa bankruptcy attorney will be able to help you navigate and manage the stress that comes with declaring bankruptcy.

Years ago, people would hide their financial hardship. Saying the word “bankruptcy” was almost as if a person was swearing.However, with the horrible down turn in the economy, the high unemployment rate, and the loss of value in our homes filing for bankruptcy has not only become quite common, it has become very acceptable. In today’s times you have nothing to be ashamed of or embarrassed by when filing for bankruptcy protection. Our Founding Fathers had the vision to include bankruptcy protection in our laws to protect people who have fallen on hard times. That is what bankruptcy is there for – to give those of us who are good, descent, hard working people a fresh start- free from the debts they can not afford to pay.

While you don’t need a lawyer to file for bankruptcy protection, bankruptcy law, and the bankruptcy petition are complex. A qualified Tampa bankruptcy attorney will be able to help you file the petition, and be at your 341 meeting (meeting of the creditors).

Our Tampa bankruptcy attorney will sit down with you during a free consultation and discuss the different bankruptcy options available to you. There are several different types of personal bankruptcy, but the two most common are Chapter 7 bankruptcy and Chapter 13 bankruptcy.Basically speaking a Chapter 7 bankruptcy is referred to as a liquidation bankruptcy. This means that all of your property that is not exempt will be given to the bankruptcy trustee. The trustee will sell the non-exempt property and pay off your creditors. Once your Chapter 7 bankruptcy is discharged most if not all of your debt will be gone. As with anything in life, there are exceptions. Some debts can not be discharged in a bankruptcy.

In a Chapter 13 bankruptcy, often referred to as a repayment plan bankruptcy, a debtor and their bankruptcy attorney will come up with a repayment plan and make payments to their creditors for a period of 3 to 5 years. A Chapter 13 bankruptcy can be more desirable to people that have property that is not exempt in a Chapter 7 and they want to keep it.

Tampa Bankruptcy Attorney Offering Free Consultations

If the growing pile of bills is getting to be too much to handle, or the creditor phone calls have pushed you to the edge call our Tampa bankruptcy attorney today. The United States of America’s economy is consumer driven and regardless of the rumors you have heard of how “hard” it is to qualify for bankruptcy under the new bankruptcy laws you as a debtor have rights. Don’t let another debt call or letter ruin your day. Even if you don’t hire our Tampa bankruptcy lawyer please do
seek the help of a qualified bankruptcy attorney.