Being in high amounts of debt can make you feel stressed, distraught and powerless, even if you continue to earn a high income. Financial stability is less concerned about the amount that you earn and more concerned about the health of...
Over Three Decades Of Compassionate Legal Services For Individuals And Businesses Seeking Effective Financial Solutions
Chapter 13 Bankruptcy
Why filing for Chapter 13 is more beneficial than Chapter 7
So you finally bit the financial bullet and decided to file for bankruptcy. You may have initially intended to file for Chapter 7 and then learned that you likely wouldn't qualify. Congratulations. You have sufficient resources and...
Why is Chapter 13 known as a ‘wage-earner’s’ bankruptcy?
When Tampa debtors filing for bankruptcy have significant assets or income, they are ineligible for filing under Chapter 7, which is a total liquidation. While that might sound like a good deal, it also means that any non-exempt assets...
We help clients seeking alternatives to Chapter 7 bankruptcy
Have your bills eclipsed your paycheck by a few zeroes? Or maybe your business is going through a bad cycle -- or three. It's easy to get caught up in the cycle of paying overdraft and late fees until you are no longer even paying down...
How do I know if it’s time to file for bankruptcy?
If you are struggling to pay your bills, your head may be swimming with potential solutions to your insolvency problem. It's a good idea to try to resolve your debt delinquencies. However, "solutions" can cost you money and offer very few...
Should you try to negotiate your debts?
When you get behind on your bills, it can be a scary experience. Creditors blow up your phone with calls and your mailbox is stuffed with dunning letters seeking payment. You might also receive letters from companies offering to negotiate...
Did you get sucked into a scam? Find legal ways out of debt
Indebted consumers who are struggling with a mountain of debt are prime targets for con artists and scammers. The crooks realize that desperate people often are frantic to get out of their financial distress, and they exploit this...
I failed the means test. What happens next?
Consumers often get uneasy when they fail the means test to file a Chapter 7 bankruptcy, but in actuality, it can be a positive thing rather than a negative indicator. For one, it means that you have a good income, as that can ease you...
Can you discharge your tax debt during bankruptcy?
Most people dread tax season. It’s the time of year where most adults have to collect every financial detail from the past year and see what they owe to the government. Some people are lucky enough to receive refunds, but it’s not always...
Should I file for Chapter 13 bankruptcy?
You certainly never meant to get head over heels in debt. Yet, here you are, barely scraping by, juggling bills and dodging creditors. You don't even know where to start straightening out your tangled finances. Slow down. Take a deep...
What are the differences between Chapter 11 and Chapter 13?
Individuals who are contemplating filing for bankruptcy to get out of debt may wonder whether they should avail themselves of the financial relief provided under Chapter 11 or Chapter 13. In most instances of consumer bankruptcy, Chapter...
Is a kid’s college fund protected in bankruptcy filings?
If you've been socking away money for your child's college education since he was wearing diapers, it is understandable that you would not want any subsequent financial stress you may have to cause that money to be lost in a bankruptcy...
Is the shutdown leaving you in debt? Look at your options
If you are a federal worker in or around Tampa and are furloughed right now -- or worse, working without pay -- you may be struggling mightily to make ends meet. You might not be fortunate enough to have an emergency stash of cash to meet...
It doesn’t hurt your credit rating to check your score
When was the last time that you checked your credit score? Has it been awhile? Maybe you are afraid to see how bad it really is, or perhaps you mistakenly believe that checking your credit score can damage your credit rating. That is not...
Who can file for Chapters 11 and 13 bankruptcies?
The first thing that debtors often ask their bankruptcy attorneys is what property they will be allowed to keep and what they will need to surrender. The property you are permitted to keep is known as "exempt" property. Chapter 11 and...
Could you sabotage your own bankruptcy filing?
If you have decided to file for Chapter 13 bankruptcy, you may have heaved a sigh of relief. You won't have to surrender your property and have bought yourself the time to disentangle yourself from the chains of debt. But before you drop...
Getting out of debt through a wage earner’s plan
Dealing with ever-increasing debt can feel like a never-ending cycle that you will never get out of. The government recognizes that it can be very difficult for debtors to get out of the situation they find themselves in, especially...
What are my obligations in a Chapter 13 bankruptcy?
If you are struggling to keep up with ever growing debts, it is likely that you have considered bankruptcy as one option in helping you to recover from your situation. There are many different chapters of bankruptcy that offer differing...
Can my finances improve by filing for Chapter 13?
Are you experiencing a financial stutter-step? Even the most fiscally responsible Florida residents may find themselves facing some financial hard times every now and again. The important thing is not to dwell so much on the events that...
Information that needs to be provided in a Chapter 13 filing
When you are struggling financially even when you have a stable job, it is likely that you are ready for a big change in your life that will enable you to have a fresh start. One of the ways that you could go about doing this is through...