Filing for bankruptcy is a stressful and emotional time in your life. Not only do you have to deal with the paperwork for eliminating your debt, but you’re also burdened with financial hardship that affects you and your family. With so many options such as Chapter 7 and Chapter 13 bankruptcy, it can be difficult to determine which option is right for you. Fortunately, working with a Tampa bankruptcy attorney makes the process easier than you expected.
How a Tampa Bankruptcy Attorney Can Help
After consulting with a bankruptcy attorney, you’ll have a better idea of which legal agreement you should pursue. If you decide to file for Chapter 7, your attorney will organize your paperwork and ensure that all agreements with your creditors are legally bound and presented in court. Once this process is complete, you can begin your fresh start within 60 days.
Your attorney will similarly work with you during a Chapter 13 filing, they are negotiating your payments instead of eliminating your debt. A trustee determines this and a judge will later have to approve the plan. If the judge approves, then you’re set to go! Sometimes, however, the judge will disapprove the plan and you’ll have to work with your Tampa bankruptcy attorney to modify it.
While bankruptcy provides you the opportunity for a fresh financial start, things sometimes start off on the wrong foot because of the damage that will be done to your credit report. Your attorney will be able to provide you with advice about rebuilding your credit. They might suggest credit counseling or give you specific tips to rebuild credit on your own. Whether it’s guiding you through the process or helping you move forward, a Tampa bankruptcy attorney is your best resource during this challenging time.