subject: A LITTLE BANKRUPTCY HELP [print this page] A LITTLE BANKRUPTCY HELP A LITTLE BANKRUPTCY HELP
Everyone deserves a second chance. Gaining bankruptcy protection may clear up your debt and get you started to form a better credit for your future. It is a real solution for so many people and you should talk to one of the Tampa Bay bankruptcy lawyers about your options for debt relief. The Tampa Bay Bankruptcy Bar Association has over 300 qualified Tampa Bay bankruptcy lawyers to help with all your questions and to get you headed towards a better debt free life. Once you've established that you are indeed filing for bankruptcy and you've obtained help from one of the Tampa Bay Bankruptcy lawyers then you and your lawyer will decide what form of bankruptcy you will seek relief from. The most common personal bankruptcy is Chapter 13, which is also known as a wage earner's plan. When you file for Chapter 13 any foreclosures or repossessions pending are immediately stopped. Your Tampa Bay Bankruptcy lawyer will represent you to the courts and get your payments and arrears consolidated giving you anywhere from 3 to 5 years to get them paid off. While you're under bankruptcy protection you don't have to deal with creditors harassing you or more incurring late fees. If you decide to file for Chapter 7 this is a good way to eliminate most of your unsecured debt but still allows you to keep your personal belongings and your home as long as you're current on these debts. It's usually very easy to reaffirm these debts and still eliminate the unsecured debts like medical bills, credit cards, some personal loans, etc. Although your bankruptcy will remain on your credit for 10 years establishing new credit can begin immediately. Most of your debt will be eliminated when your bankruptcy is over and you can't file again for 8 years, which makes it a little more enticing to those who you seek to gain new credit from. Over a million people filed for bankruptcy last year and of course they are not all homeless so that goes to show you that you can have a better future after bankruptcy is over.
