Frequently Asked Bankruptcy Questions

Are you going through a hard time and have questions about bankruptcy? Learn more from our frequently asked bankruptcy questions here. Then call Perenich the Law Firm for a free legal consultation.

Frequently Asked Bankruptcy Questions1. What should I do to prepare for bankruptcy?

Sometimes, when I meet with a client, they will ask me what they should do to prepare for filing bankruptcy. Believe it or not, probably the best answer is nothing. What I mean by that is human nature would tell us this is my opportunity to pay off my friend or my family member, or to move assets out of my name, and that is the absolute worst thing that a client can do. The reason is because it draws the scrutiny of the court, the trustee, and the creditors, causes unnecessary complication, and ultimately solves no problems.

The best thing a person can do when considering bankruptcy is to pick up the phone and give us a call. Let’s schedule a time to sit down and go over your finances to determine whether or not you’re even a good candidate for bankruptcy. If there are things that could be done, I would certainly recommend what those are at the time of our consultation. Give us a call; we’re happy to help.

2. What are the differences between chapter 7 and chapter 13 bankruptcy?

Every time I meet with a client, I explain to them the differences between the chapters in bankruptcy. The most typical chapters for an individual are Chapter 7 and 13. In a nutshell, Chapter 7 involves the surrender of assets to discharge debt. Not everybody who files a Chapter 7 has assets to surrender, so it could be a very good thing for them to file a Chapter 7 case. By contrast, a Chapter 13 involves a payment plan, typically three to five years.

We’ve been representing bankruptcy clients for about 30 years here at Perenich Law Injury Attorneys. We provide a free consultation. I’m happy to sit with you and go over your finances to determine whether or not you’re a good candidate for bankruptcy.

3. Should I file for bankruptcy?

Occasionally, I’ll get the question, “Should I file for bankruptcy, and, am I a good candidate for bankruptcy? Will it really help me?” The answer depends on a really detailed analysis of the client’s assets, liabilities, income, and expenses. Not everybody who comes to me about bankruptcy is a good candidate for bankruptcy. When the facts warrant it, we pursue a different route.

Here in the Tampa Bay area and throughout the state of Florida, we at Perenich Law Injury Attorneys have been representing bankruptcy clients for about 30 years. We provide a free consultation and are happy to help


Are you or a loved one unable to pay your debts and have questions about preparing for bankruptcy? Contact our experienced Tampa Bay Bankruptcy Lawyers at Perenich Law Injury Attorneys today for a free consultation and case evaluation.

Our Florida law firm helps those struggling with debt see the light at the end of a dark tunnel. Let us navigate it for you.

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