Bankruptcy Lawyer Tampa, FL
For some struggling with debts, taking the step to reach out to our bankruptcy lawyer Tampa, FL knows will be critical to starting fresh. There are many reasons people may need financial relief, and there are several reasons why bankruptcy will be in your best interest. Taking the proper steps towards resolving and settling debts is critical, and Carolyn Secor, P.A. is prepared to assist you with moving through this process. We know that many have concerns about how bankruptcy will impact their credit. Still, there are many ways a person can begin the process of rebuilding their credit immediately after bankruptcy. With our legal assistance, you will be able to say goodbye to crushing debt and endless calls from creditors for good.
Many people cringe at the thought of filing for bankruptcy, but it’s essential to be aware that this option truly helps people clear the slate of the debts they may be struggling with. Chances are if you are unable to pay your bills, are experiencing constant calls from creditors, or behind on your mortgage, it will be critical to take action in some way. There are alternatives to bankruptcy, and weighing out available options will be vital. Accessing the assistance of our Tampa, FL bankruptcy lawyer ensures that the best decision is made based on your situation. If you have a large amount of debt and are having difficulty finding a solution, start by calling our office so that we can assist.
Taking the Right Next Step
Should it be in your best interest to file for bankruptcy, it’s critical to choose the right type of filing. Typically when filing for personal bankruptcy, there are primarily chapters to choose from:
Chapter 7 (Liquidation)- For those who need a fresh start and do not have the means to repay their debts. To file for Chapter 7, you must qualify by having income below the state’s median and by passing the means test. Typically in Chapter 7, all unsecured debts are discharged. The process is shorter to resolve and often is complete within a 6-month timeframe (sometimes sooner).
Chapter 13 (Reorganization)- For those filing for bankruptcy whose income falls above the state median. This can be a better option for those looking to retain some of their assets, such as their home or car. Chapter 13 allows the debtor to make payments towards their debts over 3-5 years. At the end of that timeframe, unsecured debts that are leftover may be discharged.
Rebuilding Credit After Bankruptcy
One of the top worries many people have is the impact bankruptcy will have on their future credit. Keep in mind that if you are already struggling to make your payments and have a high amount of debt, your credit may already be suffering. While bankruptcy will impact your credit, it can also provide the opportunity to start anew. Typically bankruptcy will remain on your credit for ten years but, there are steps you can take immediately to begin rebuilding your credit:
- Learn from your past mistakes
- Keep a close eye on your credit score
- Get a secured credit card to begin rebuilding credit slowly
- Try not to carry any debts over; pay everything off each month
Carolyn Secor, P.A. is just a phone call away, and with her help, you may be able to resolve many of the issues surrounding your debts. Debt can be all-consuming, and for many, bankruptcy is the right solution to move forward. Don’t hesitate to schedule a consultation with our Tampa, Florida bankruptcy lawyer as soon as possible.