Tampa Bankruptcy Attorneys Chapter 7 and 13

Bankruptcy Attorneys Tampa Florida

Tampa Bankruptcy Attorneys have fees from $699 and $306 filing fees, call 813-402-0777 for affordable chapter 7 bankruptcy lawyers in Tampa, FL.

Our affordable and cheap Tampa lawyers know that looking to file a chapter 7 or chapter 13 in Hillsborough County is something no one wants to have to do. But during these trying times, more and more people are realizing they have no choice. Our Tampa bankruptcy attorneys are here to help answer your questions about the various types of bankruptcy choices. Our lawyers are there to lend you help and assistance in being able to choose which type of chapter 7, 13 or 11 is best for you or your business.

 

General legal fees and cost you will pay for a chapter 7 or chapter 13 are listed below

 

Tampa Bankruptcy Attorneys Fees include:

1) The Lawyer (legal fees) will charge you for their services starting from $699 for a chapter 7 and $999 for a chapter 13.

 

“Cost” will include:

2) A filing fee of $306 for chapter 7 or $283 for chapter 13, paid to the U.S. Federal Bankruptcy Court.

3) You must complete two credit counseling courses at a cost of about $20 per course.

4) It cost about $30 for the attorney to obtain your three credit reports to be imported into your file.

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Tampa Bankruptcy Lawyers in Tampa FL Can Help you with Chapter 7

 

Tampa Chapter 7 Bankruptcy or otherwise known as a liquidation or straight bankruptcy and is the one most people file for debt relief. It is where you can discharge unsecured credit card debt while at the same time being able to retain your car and home. New laws require the completion of a means test which we will provide for you. The court will forgive your debt and liquidate any assets one has that are not exempt, for example property that is protected by law which may not be taken from the debtor. Home equity, in the state of Florida, is protected by the Florida Constitution. Also exempt: IRS approved pension plans, retirement, interest in insurance policies, your savings that you earned through your job, veteran benefits, social security, SSI, etc.

 

We can explain all this to you as our low-cost Tampa bankruptcy attorneys assist you through your Chapter 7 bankruptcy. In many cases you are also allowed to keep any secured debt as well as your home, car, jewelry, etc. Again, we will assist you in making these decisions. You must also fulfill two requirements: a credit counseling course before you file, and a financial management course after filing.

 

Tampa Bankruptcy Attorneys can help with Chapter 13 Bankruptcies

 

Tampa Chapter 13 Bankruptcy in Tampa Florida is a type of bankruptcy that allows for a plan to repay all or part of your debt, but it is not designed to eliminate most debts. Chapter 13, for example, is used to save a house from a foreclosure sale. A Chapter 13 filing can save your home by allowing you to catch up on your payments. This type of bankruptcy can last from 3 to 5 years. During this time you pay one check to the Bankruptcy Trustee which will be your monthly payment and an additional amount to catch up on the mortgage. You will file a plan which shows the court how long it will take you to catch up. 

The mortgage company cannot take your home from you during this time. When you are caught up on payments, you return to paying your mortgage as you did before. You can also use it to eliminate some IRS debt and organize an affordable plan to pay the IRS but the debt that cannot be eliminated. Businesses do not file for Chapter 13. You can also use it for unsecured and secured debts. Unsecured debts are things such as personal loans or credit cards issued by banks. Secured debts are where the creditor has a security interest in your property to guarantee payment for example things like car loans, mortgages, or loans from finance companies. If you have cards from Best Buy for example, the store has a security interest in the items purchased, which makes them a secured creditor.

 

Bankruptcy Lawyers Tampa Florida Chapter 11

Tampa Chapter 11 Bankruptcy in Florida is a type of bankruptcy that provides protection to debtors. It is exclusively used by businesses. This type of bankruptcy is done when a business needs to restructure the debts it has and reorganize monetarily to stay open. Recently numerous businesses like Borders, for example, have filed Chapter 11. Chapter 7 would require a business to liquidate, so Chapter 11 allows the business to keep many of their assets. When a company files for Chapter 11, all collection activities cease. The debtors may propose repayment and reorganization after 120 days or so.

This allows the debtor to cancel contracts. Shares owned which are publicly traded maybe canceled leaving zero for the shareholders. Any plan that is created must be approved by the creditors. A trustee will be involved during the reorganization. A Chapter 11 bankruptcy can go on for a long time. The business can stay open and continue to gain profits and allow the business to make arrangements to pay all or a portion of the debt owed. All those filing for this type of bankruptcy should have qualified legal counsel. Again, we at affordablelegalfees.com will be with you every step of the way to make sure your bankruptcy is satisfactory and complete.

 

We will do all we can to explain the various choices for a bankruptcy and choose the one that is best for you.

We have cheap Tampa bankruptcy attorneys who service Brandon, Tampa Bay, St Petersburg, Bradenton, Lutz, Wesley Chapel, Oldsmar, Riverview, Lakeland and Gainesville areas.

Our low-cost, affordable and cheap Tampa attorneys reduce their fees for those seeking legal help through our service. Call to schedule a free consultation to speak with one of our experienced bankruptcy attorneys Tampa Florida today.