Tampa Chapter 7 Attorney

The Hazards & Benefits of Reaffirming A Debt Under Chapter 7 Bankruptcy Law

By admin on April 16, 2011

Typically, one of the biggest advantages of a chapter 7 bankruptcy is the discharge. However, a chapter 7 discharge is subject to various exceptions and debtors should speak with a trained Tampa bankruptcy attorney prior to petitioning for a discharge. The discharge releases borrowers from liability on the debts, which are incorporated in the bankruptcy and precludes the creditors from taking any further action against the borrower. However, occasionally

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Creating The Chapter 13 Bankruptcy Payment Plan

By admin on March 7, 2011

Judicious consideration must go into composing the payment plan to guarantee the debtor can adjust to the stern monthly payments. Typically, the payment plan will force the debtor to become adjusted to living on a fixed budget for a lengthy period of time. In addition, the borrower will not be allowed to incur any new debt without first getting the approval of the chapter 13 bankruptcy trustee.

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The Necessary Liquidation Process Under Chapter 7 Bankruptcy Law

By admin on March 2, 2011

Unlike a chapter 13 bankruptcy, a chapter 7 bankruptcy does not require the filing of a payment plan. Instead, the bankruptcy trustee collects and sells the debtor’s assets and uses the income of such assets to pay the debtor’s lenders. However, a few classifications of assets will be exempt from the bankruptcy and the trustee will not liquidate the exempt assets in order to pay the creditor’s claims.

Chapter 7 Bankruptcy Law: The Benefits of Reaffirming a Debt

By admin on February 17, 2011

A reaffirmation of debt is an agreement between the borrower and creditor conferring that the borrower will remain liable and will pay all or a portion of the amount owed. In exchange for guarantying to pay the loan, the lender will agree to not seize the property underlying the debt so long as the debtor makes the planned payments.

Bankruptcy Law: The Chapter 7 Means Test Requirement

By admin on February 12, 2011

In order to move onward with a chapter 7 bankruptcy the debtor must pass the means test. For most applicants the means test is a complex and time consuming procedure. The chapter 7 means test entails numerous steps and demands an understanding of chapter 7 bankruptcy law.

Chapter 7 Bankruptcy Law: Reaffirmation of Debt

By admin on December 30, 2010

A reaffirmation of debt is an agreement between the debtor and creditor that the debtor will remain liable and will pay all or a portion of the amount owed. In exchange for agreeing to pay the debt the creditor will promise to not repossess the property secured by the debt so long as the debtor makes the scheduled payments.

Florida Bankruptcy Law: Chapter 7 Liquidation

By admin on December 21, 2010

If you are overwhelmed with debt and failing to keep up with your monthly financial obligations a chapter 7 bankruptcy may provide some relief. One of the primary purposes of a Chapter 7 Bankruptcy is to discharge certain debts in order to give an honest individual debtor a fresh start.

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Florida Bankruptcy Law: How It Can Help Prevent Home Foreclosure

By admin on December 2, 2010

The Tampa Bankruptcy Lawyers at Florida Law Group can advise you on the law and file for the chapter 13 bankruptcy on your behalf. Call now for a free consultation with one of the experienced Tampa Bankruptcy Attorneys at Florida Law Group.

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Florida Bankruptcy Law: Chapter 13 Payment Plan

By admin on November 23, 2010

An experienced Tampa Bankruptcy Lawyer can successfully negotiate with your creditors to lower the amounts owed on your debts to develop a satisfactory payment plan. Call us now for a free consultation with one of our experienced Tampa Bankruptcy Lawyers.

Florida Bankruptcy Law: Chapter 13

By admin on November 15, 2010

Call now for a free consultation with one of our experienced Chapter 13 bankruptcy attorneys in Tampa, Florida. Our dedicated and caring attorneys will answer all your questions and help you develop a payment plan to get you back on your feet.