Bankruptcy

Bankruptcy2018-11-08T11:04:36+00:00

Tampa Bankruptcy Lawyer

If you are having trouble managing your debt load, don’t be afraid to ask for help. There are many hard-working people across Florida who find themselves in financial difficulty for a number of reasons. Job loss, unexpected medical bills, divorce, and many others can all create an overwhelming financial burden. Depending on your situation, there are a number of possible debt relief options you can pursue.

A bankruptcy attorney can help you understand the pros and cons of a particular course of action and help you find the right solution for your needs. McGinn Law P.A. represents clients throughout the greater Tampa Bay area who need to make a fresh start.

  • Hillsborough County
  • Paso County
  • Polk County
  • Manatee County
  • Pinellas County

Turning Over A New Leaf

Many people are hesitant to look into bankruptcy because they think it means that they have failed in some way. Nothing could be further from the truth. Bankruptcy is not financial failure. it is your right under federal law to rid yourself of oppressive debt. For individuals, bankruptcy is either filed under Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.

I have a complete understanding of the law surrounding Chapter 7 and 13 bankruptcy. I will take the time to fully review your case and recommend a solution that fits your needs. I provide comprehensive bankruptcy and debt relief services, including

Chapter 7

Chapter 7 Bankruptcy is often called a “fresh start” for those who file. In Chapter 7, you are assigned a bankruptcy trustee to oversee your case; they will communicate and negotiate with your bankruptcy attorney through the entire process. With few exceptions, you will be required to sell (“liquidate”) your property – the trustee will help you to do this to ensure you get the most for your property. The money generated is distributed amongst your creditors. Once your property has been liquidated and you have met all other requirements, your debt is “discharged” or erased. There are select creditors whose debt you cannot erase by filing for bankruptcy, including money owed for child support and student loans.

Chapter 13

Filing for Chapter 13 Bankruptcy is actually the more common bankruptcy options for individual filers. In Chapter 13 Bankruptcy, your debt is not discharged but rather is consolidated into a more affordable loan amount. You will be required to make month payments that are calculated based on what you can afford to spend after paying for your necessities (such as shelter or food). Typically, the payments are stretched out over three or fiver years and Chapter 13 Bankruptcy also carries a few stipulations – like you cannot lease or finance a vehicle during your bankruptcy period.

Bankruptcy Resources

Schedule Your Free Consultation

Contact my office today to discuss your bankruptcy questions. I work with clients throughout the Central Florida Gulf Coast including Tampa, Brandon, Riverview and beyond. You can reach me at any time, day or night, by calling 813-374-0353.

McGinn Law P.A. is a debt relief agency. The firm helps people file for bankruptcy relief under the Bankruptcy Code.