Are you under the Threat of a Foreclosure?
Foreclosure occurs when a person has not made timely payments on his or her mortgage. As a result, the lender files a petition with the court to take the property.
If you have been threatened with a foreclosure in the Tampa state or think that you may be in the future, then you may want to seek for consultation from the bankruptcy law attorneys in Tampa. There are many highly experienced foreclosure attorneys who can provide the quality foreclosure defense that you need and deserve.
This is a difficult time for you and your family and they will do what they can to ensure the optimal outcome for you.
There May Be Options Available to You
Your home is one of the largest investments you will ever make. If you have hit a bad streak financially, the bankruptcy law attorney can help to protect your investment. For instance, if you recently suffered an accident or job loss, then you should not lose your home due to your current financial hardships that are no fault of your own.
Rest assured that there are a variety of options that may be available to you. For instance, a mortgage modification or short sale may be able to help you forestall or even stop a foreclosure altogether.
They can provide you with information on the options available to you and can even walk you through the associated process to ensure that you file correctly and according to the court’s set guidelines.
Request a Free Initial Consultation
Most of the attorney firms will be happy to provide you with a free initial consultation on your case. This will provide them with time to address any questions or concerns you may have and provide you with the information you need to make informed decisions regarding your financial future.
Keep in mind that time is of the essence, so you should not wait to contact them. In fact, you only have 20 days to respond to a foreclosure notice, so the sooner you schedule a consultation, the better!
How Chapter 7 Can Help You in Tampa
If you are facing overwhelming financial debt, then filing for bankruptcy may be the right step for your situation.
While a successful bankruptcy petition can help you achieve a fresh financial start, there are also risks and negative side effects associated with bankruptcy, so it is important to carefully weigh your options before making a decision.
The best thing to do is speak with a knowledgeable bankruptcy law attorney firm in Tampa regarding your case and whether bankruptcy is the ideal option for you.
Filing for Chapter 7
Filing for bankruptcy under Chapter 7 is ideal for individuals, families, and businesses seeking reduced debt or an elimination of debt through a partial liquidation of property. This can help provide you with a clean financial slate and put an end to harassing creditor phone calls in no time.
Most debts will be discharged after a successful filing, but certain debts are exempt, such as student loans, taxes, child and spousal support, and divorce settlements. The bankruptcy attorney firm will be able to provide you with a better idea of what to expect during your free initial consultation either in their office or via the phone or Internet.
Filing Correctly is Crucial for a Good Outcome
Bankruptcy law can be very confusing for most people to get through on their own. This is why it is so important to have a knowledgeable legal expert on your side who can guide you through the process and ensure that you file correctly and according to the court’s guidelines.
There are bankcruptcy firm who can help people with their financial problems. And they know what it takes to successfully file a bankruptcy petition. They can guide you through what information is required and how to file the paperwork correctly.
Provision of Information that You Need
You likely have a number of questions during this time, and you can rest assured that they are here to help you every step of the way. They can provide the information and guidance you need to make informed decisions and get through your financial woes successfully.
Once they have a better understanding of your financial situation, they will be able to advise you on which bankruptcy or debt relief solutions may be right for your needs.
Considering Chapter 13 as a Solution?
If you can no longer keep up with your mortgage, utilities, vehicle payments, and the other costs of daily living in Tampa, then filing for bankruptcy under Chapter 13 may be the right solution for you.
There are many attorney firms that offer trusted bankruptcy legal services. They can provide aggressive legal representation and sound advice to get you through this process in as little time and with as little stress as possible.
Chapter 13 can eliminate most debt, although some items are excluded, such as taxes, spousal or child support, and student loans.
Is Chapter 13 Right for You?
The best way to determine if Chapter 13 is right for you is to speak with an experienced attorney in Tampa about your situation. However, as a general rule, Chapter 13 may be ideal if the following situations hold true:
- Your home is in foreclosure and you want to keep it.
- You have assets you would like to keep, including a business.
- You cannot qualify for Chapter 7.
How Does Chapter 13 Work?
This form of reorganization allows an individual or family to negotiate more reasonable payments every month. It can even reduce the total amount you owe. Typically, the debtor can pay off the debt over three to five years.
Rather than paying various bills every month, you need to make only one payment, to your trustee. He or she then distributes the funds to your creditors, based on the prearranged agreement. This form of bankruptcy allows you to keep all of your property and can put an end to foreclosures or repossessions right away.