Tampa Bankruptcy Lawyers Explain the Advantages of Chapter 13 Bankruptcy Versus Chapter 7
The decision to file for bankruptcy is never easy. Even the mention of the word can conjure up frightening thoughts of losing everything you own, never being able to get credit again, and other financial nightmares. However, as your Tampa bankruptcy lawyers will tell you, bankruptcy can actually offer you a fresh chance at the life you want to live. Most consumers will have to make a choice between Chapter 7 and Chapter 13 bankruptcy – which one is for you?
Your Tampa bankruptcy lawyers can give you much more in-depth information and advice based on your particular needs, but there may be some reasons why you might file Chapter 13 bankruptcy instead of Chapter 7. For instance:
-
You have late auto or home loan payments but would like the chance to make them up over time
-
You have a student loan, tax obligation, or other form of debt that simply can't be discharged under Chapter 7 bankruptcy
-
You have an actual desire to repay the debts you owe
-
You own nonexempt property that you don't want to give up
-
You have a co-signer on some of your personal debt that you don't want creditors targeting if you are personally relieved of the debt via Chapter 7 bankruptcy
-
You simply might not be eligible to file for Chapter 7 bankruptcy based on recent legislation changes that changed eligibility rules
Clearly, speaking with Tampa bankruptcy lawyers to go over your situation in depth is a great idea before deciding upon your best course of action. That's why you should contact Yesner & Boss, P.L. today. We're experienced with bankruptcy cases and can help you determine the right solution – even if that involves a debt-relief option other than bankruptcy. To learn more about the choices available to you, and to set up your free consultation, contact us today.
|
