Also called “straight bankruptcy” or “liquidation bankruptcy”, Chapter 7 Bankruptcy is a form of protection for debtors to eliminate most of their debts and start afresh with a clean slate. It begins by selling your assets and distributing those funds to your creditors, settling as much of your debt as possible before “discharging” or erasing your debts.
If you are seeking an option to cope with your overwhelming debts, you can use Chapter 13 Bankruptcy. It is different from Chapter 7 Bankruptcy in a way that Chapter 7 is designed to aid people with little income and high debt while Chapter 13 is ideal for consumers with regular income and overwhelming debt.
Meet Your Attorney
At our law office, we understand that many aspects of the law can be intimidating, however, Michael C. McGinn and his staff at the firm make every effort to assist their clients in understanding the law as they are going through a very difficult time.
Michael C. McGinn is a long-time resident of Tampa Bay and experienced attorney with a staff that enables the law firm to provide personalized legal services to individuals and families throughout Brandon, East and Central Tampa, Valrico, Riverview, Temple Terrace, Hillsborough County and the entire Tampa Bay Area.
Michael C. McGinn and his staff always take the time to explain to their clients the legal process at each stage of their case. This open communication…