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Florida Law Advisers, P.A.
Tampa Bankruptcy Attorney
If you are having difficulty meeting your financial obligations and need a fresh start with your financial situation, Florida Law Advisers, P.A. may be able to help. Our Tampa bankruptcy attorneys have years of expertise in all types of bankruptcy cases, representing clients like you to help solve their debt relief issues. Our practice areas include Chapter 7 bankruptcy & Chapter 13 bankruptcy law and debt settlements, especially for those in the Tampa area.
We understand these are challenging times for our clients with poor credit scores and mounting credit card bills, but we are here to help with your bankruptcy case. Filing for bankruptcy in the State of Florida is a valid financial opportunity for those who have come upon hard times and are in financial distress. A Florida bankruptcy attorney can help provide protection and help restore control of your financial future.
The experienced bankruptcy attorneys at our Tampa law firm understand that financial issues can ensue under any challenging circumstances. We want to assist you in making the process of filing for all types of bankruptcy as stress-free as possible. With sound legal advice in the bankruptcy matter, we can present our clients with all the best legal options the bankruptcy code and the Federal and State laws provide.
Should you wish to seek legal advice with one of our experienced bankruptcy attorneys, we will be able to provide you with more information about your bankruptcy case at your free consultation via phone call, online video meeting, or at our Tampa office location regarding the most appropriate way to proceed with debt relief concerning your particular situation.
Watch the video below for more information about our services and practice areas.
Why Hire A Bankruptcy Attorney in Tampa Early On?
We highly recommend our clients be proactive and contact us for debt relief help before it becomes too late. Much like a personal injury case, the most successful Chapter 7 and Chapter 13 bankruptcy cases are dealt with early. A delay in getting legal advice and retaining experienced Tampa bankruptcy attorneys can result in costly financial expenses that could have been avoided by getting our professional help early.
By making effective use of bankruptcy law, we can help save your assets and deliver immediate relief. Bankruptcy counsel at Florida Law Advisers, P.A., have years of experience helping real people just like you achieve the best possible result with their Florida bankruptcy cases. Contact us for your free initial consultation with an experienced Florida bankruptcy attorney and get the legal advice you need for your bankruptcy legal issues today!
You Are Not Alone
You should not feel alone or embarrassed at filing for bankruptcy or wanting bankruptcy protection. Over 1,000 new personal bankruptcies and business bankruptcies are filed each year in the Tampa Bay area, especially in light of Covid 19. State and Federal Bankruptcy laws provide an excellent opportunity for a fresh financial beginning and financial freedom with possibilities of debt consolidation in the light of overwhelming debt. In fact, many well-known Florida businesses and Tampa natives have sought debt relief solutions and bankruptcy exemptions and moved on from tax debt to accomplish great things.
At Florida Law Advisers, P.A., our experienced attorneys with extensive experience in bankruptcy paperwork want to provide you and other hardworking people with the best bankruptcy options available within the bankruptcy code. Our bankruptcy attorneys will work with you one-on-one at our Tampa office or remotely to develop repayment plans you can afford. We accept many payment forms, including credit cards, and offer our clients either a low-cost, flat fee or a low-cost hourly fee for obligation consultations and representation in bankruptcy courts.
Regardless of the option you choose, you will find that Florida Law Advisers, P.A. charges less in attorney and filing fees than many competing Florida bankruptcy law firms in the Tampa Bay and St. Petersburg area. We highly recommend contacting our experienced bankruptcy lawyers today by telephone, website form, email, or chat to see how we can help solve your debt problems and get you the fresh start you deserve!
Frequently Asked Questions
How long does bankruptcy stay on my credit Report?
Many car loan lenders and other financial institutions do not have a mandatory waiting period for a new loan after bankruptcy. The government-sponsored mortgage programs with FHA, Veteran Affairs, and Fannie Mae require a borrower to wait 2 years before becoming eligible for a mortgage.
Will bankruptcy proceedings stop foreclosure?
Yes, an automatic stay is put in effect as soon as a Chapter 7 or Chapter 13 bankruptcy is filed. The automatic stay will put an immediate stop to all collection harassment, including foreclosure auctions.
How can I file for bankruptcy without losing my property?
Exempt property is a property that you do not have to forfeit when filing for bankruptcy and are instead entitled to keep.
Before you file for bankruptcy or take any other debt relief measure, it is essential to know which debt restructuring exemptions you qualify for. Depending on the circumstances of your case, some or all of your property may be exempted and treated as ‘out of limits for debt collectors.
On the other hand, you may be forced to liquidate precious assets if you file for bankruptcy and your property does not qualify for an exemption.
When is bankruptcy removed from my credit report?
A bankruptcy may stay on your credit report for up to 10 years; however, this does not mean you have to wait 10 years to get a new credit card or buy a new home. With the help of a law firm, you can quickly rebuild your credit and put bankruptcy behind you.
Can I file a bankruptcy petition myself?
A bankruptcy lawyer can ensure your rights are protected and help prevent the many pitfalls of a bankruptcy filing. Working with a bankruptcy Law Office like Florida Law Advisers P.A. can help you decide if filing bankruptcy is, in fact, the better solution to your financial needs.
Obtaining the services of experienced attorneys is recommended, but that is not necessary to file Chapter 7 or Chapter 13 bankruptcy.
Will bankruptcy stop a car repo?
In Chapter 13, the borrower can have up to 5 years to pay off the car loan. This provides time to catch up on payments by spreading the past-due balance over a new 60-month loan. Most often, the interest rate applied is around 6%. In addition to an interest rate reduction, an option known as a “cramdown” can also reduce the total loan balance.
What happens to a debt discharged in bankruptcy?
The borrower will be released from all debt liability if a debt is discharged in bankruptcy. The discharge is a permanent court order dismissing the borrower from paying the debt and prohibiting the creditor from taking any collection action against the borrower.
In most cases, obtaining a discharge will be the primary reason a borrower files for bankruptcy.
Can student loans be included in bankruptcy?
Student loans are tough to discharge in bankruptcy, but not impossible. You must prove that paying them would impose an undue hardship on you and any dependents to get a discharge.
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The Bankruptcy Process
Filing for chapter 13 & chapter 7 bankruptcy can be a complex journey. Our attorneys are here to assist you throughout the 6 steps of the bankruptcy process.
The best way to start a bankruptcy should always be to meet with a Tampa bankruptcy lawyer for a free initial consultation to discuss your specific situation. Tampa bankruptcy attorneys at our law office can carefully review your case. Based on the bankruptcy code, we can help you decide which type of bankruptcy you should file or pursue alternative debt relief options. The initial consultation is free, and whether or not you choose to move forward with our firm, we will still uphold the attorney-client relationship.
Read more about the six steps bankruptcy process in Florida.
Working With a Chapter 13 Bankruptcy Attorney in Tampa
Chapter 13 bankruptcy is a type of consumer bankruptcy and is often referred to as a restructuring bankruptcy because borrowers will not be required to sell their assets. Instead, borrowers will restructure and consolidate their credit card debt and other debts into a court-approved payment plan. In some cases, our law firm can get the court’s approval of a plan that only requires our client to pay a small percentage of the total amount owed.
To qualify for a bankruptcy filing, you must have some form of secure income that will be adequate to pay at least some of your debts while still being able to meet your living expenses outside the plan.
Bankruptcy trustees are appointed to facilitate the monthly payment distribution to creditors. This removes any pressure from you, as creditors will no longer be allowed to demand payments directly from you.
Read more about Chapter 13 Bankruptcy in Tampa, Florida.
Working With a Chapter 7 Bankruptcy Attorney in Tampa
Do any of these apply to you?
- Credit card debt
- Personal loans
- Medical bills or medical debt
- Home in foreclosure
If so, Chapter 7 bankruptcy may be a good solution for you.
In filing for consumer bankruptcy under Chapter 7, a borrower will sell non-exempt assets and be released from liability for certain types of debt in return. Assets exempt from bankruptcy will not have to be sold, including an automatic stay on foreclosure. In some cases, a Florida bankruptcy attorney can release their clients from liability for all their debts without selling any of their property. Foreclosure defense is also one of our specialties, as well as many other debt management options.
Read more about Chapter 7 Bankruptcy in Tampa, Florida.
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy: Which Is Right for Me?
Both bankruptcies are designed to provide debt relief for borrowers seeking help from credit cards and other overwhelming personal debt. However, there are many key differences between Chapter 7 and Chapter 13 bankruptcy.
Under Chapter 7 bankruptcy, debt is discharged in exchange for liquidating non-exempt assets. On the other hand, under Chapter 13, you set up a three-to-five-year payment plan based on your income, and you will not be required to liquidate any property.
If you are contemplating filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy, contact the Tampa bankruptcy lawyers at Florida Law Advisers, P.A., to schedule a free consultation.