Bankruptcy Attorneys in Tampa Answer the Question - Will a Bankruptcy Wipe Out All My Debts?
Bankruptcy is a word that conjures up many fears and misconceptions in many struggling consumers. Many people envision losing everything they own, not being able to own anything again in the future, and a life that is not much better – or even worse – than the struggles that they currently face. However, as bankruptcy attorneys in Tampa will tell you, a bankruptcy isn't nearly the doomsday scenario that many believe it to be. In fact, in most cases a bankruptcy can give you a fresh start, free from most if not all of your debt, and also allow you to keep your home, car, and other personal property.
If you are struggling under mounting debt, a bankruptcy may actually be a potentially appealing solution. Bankruptcy attorneys in Tampa will show you that a bankruptcy will relieve you of all your debts, with some exceptions. A bankruptcy, in most cases, will not wipe out:
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Payments owed for child support or alimony, fines, and some taxes
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Loans obtained with false information on your part
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Debts not listed in your bankruptcy petition
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Debts resulting from "willful and malicious" harm
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Student loans owed to a school or government body
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Mortgages or other liens which are not paid off as part of bankruptcy proceedings (however, a bankruptcy will remove your obligation to pay if the property is sold by the creditor)
While bankruptcy attorneys in Tampa can explain the rules and outcomes of a bankruptcy more in depth, as you can see, a bankruptcy can be a possible solution for getting a clean slate and shedding insurmountable debt. To learn more about bankruptcy, and whether it might be a viable solution for your personal situation, contact Yesner & Boss, P.L. today, the trusted bankruptcy attorneys in Tampa. We offer free consultations to get acquainted with you and your financial situation, so we can help guide you to the most well-informed decision for your needs.
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