Secure A Debt-Free Future
At the Debt Relief Legal Group in Tampa, our Tampa bankruptcy lawyers can counsel you on Chapter 7 and Chapter 13 bankruptcy, as well as Chapter 11 bankruptcy for business owners, to help you deal with unsecured and secured debts. There are many myths that exist regarding bankruptcy, and we can help to dispel many of those myths.
In general, Florida law provides protections for your home, car and basic personal household items such as furniture, electronics, clothing, etc. Consequently, in most instances, you are entitled to keep these possessions even after you file bankruptcy.
No. Federal and Florida laws allow you to keep your pension, IRA or 401(k).
No. There are specific laws that forbid discrimination against people who have declared bankruptcy. For example, you may not be denied a job, denied or evicted from public housing, or denied a driver’s license just because you filed for bankruptcy.
No. Contrary to popular belief, bankruptcy gives you the unique opportunity to rebuild your credit by releasing you from burdensome, unmanageable debts.
In most cases you can expect to re-establish your credit in two years or less. Once you receive your discharge, we will send you a package of information to assist you to rebuild your good credit.
Married couples can file jointly or separately depending on their situation. Federal laws protect spouses’ individual accounts from each other, though bankruptcy will affect jointly-held accounts and assets. Therefore, it is important to consult with an experienced Florida bankruptcy attorney before filing to understand your rights and options.
Although there are limitations on how frequently you can file bankruptcy, you may seek debt relief through bankruptcy as many times as you need. Federal guidelines dictate that you may receive a discharge through Chapter 7 once every eight years and a discharge through Chapter 13 every two years, with additional regulations regarding the required number of years between any combination of the two (filing Chapter 7 and then filing Chapter 13, or vice versa).
Bankruptcy is a means for good people who are going through difficult situations to obtain the debt relief they need. Many people file because they have lost jobs, suffered a pay cut, gone through a tough divorce or experienced a serious medical illness or injury.
It is important to remember that your credit will not improve on its own. Those who actively engage in re-establishing their credit can regain confidence in themselves and with creditors.
It is critically important to speak to one of our Tampa bankruptcy lawyers today to find out what your options are. Call us today at (813) 940-5120 to schedule your complimentary consultation!