Let the experienced bankruptcy creditor protection attorneys at PERENICH The Law Firm help. As Tampa Bay bankruptcy attorneys with offices in Clearwater, Tampa, St. Petersburg, Tarpon Springs, and New Port Richey, we understand that things happen to us in life that we don’t expect.
Foreclosure and unemployment are at an all time high. If you have lost your job or your home, or if you have suffered through a painful divorce, you may find yourself buried in deep financial debt and in need of one of our bankruptcy lawyers. If you are about to lose a home or an investment property, before you make your next move you should know your rights. Our Tampa Bay bankruptcy attorneys are here to help explain those rights to you.
There are four bankruptcy chapters available to individuals: Chapter 7, 11, 12 & 13. No matter what chapter people file, they are required to file schedules listing all assets, liabilities, income and expenses. The must also file a statement of financial affairs listing significant transfers of assets in the years prior to the bankruptcy filing. This legal paperwork can be overwhelming, but our experienced bankruptcy attorneys are here to help.
At PERENICH The Law Firm, our personal bankruptcy attorneys have over 20 years of experience and have represented thousands of consumers and businesses in bankruptcy cases.
In selecting the appropriate chapter or whether to file bankruptcy at all, it is critical that one consult with an experienced bankruptcy lawyer. At PERENICH The Law Firm, our personal bankruptcy attorneys have over 20 years of experience and have represented thousands of consumers and businesses in bankruptcy cases. Over the years, our personal bankruptcy attorneys have seen cases where a debtor has filed a bankruptcy case without the assistance of a bankruptcy lawyer. Many times, these cases have tragic results, even worse than the financial hardship which led that person to consider bankruptcy in the first place. While an individual can be eligible to file a petition in bankruptcy under Chapter 7, Chapter 11, Chapter 12 or Chapter 13, it is advised that you seek the counsel of a bankruptcy lawyer prior to filing any of the following chapters of bankruptcy:
Chapter 7 is a liquidation bankruptcy. In simple terms, in a Chapter 7, the debtor surrenders all of his or her non-exempt assets and certain debts are discharged. Generally, in Florida a home is exempt. Additionally, a bankruptcy debtor can retain $1,000 of his or her personal property. If the debtor does not own a home, the personal property exemption is $5,000. Additionally, certain investment assets can be exempt such as annuities, life insurance and retirement accounts. If you find yourself in need of filing for Chapter 7 bankruptcy, contact us, our personal bankruptcy attorneys are here to help.
Chapter 13 bankruptcy provides for a repayment period that can last up to five years. It does not necessarily require that the debtor repay all of his or her debt, just that he or she commit all of his or her disposable income. A Chapter 13 can provide an avenue for an individual to save his or her home from foreclosure or to strip a second mortgage depending upon the value of the property. If you are thinking about filing Chapter 13 bankruptcy, contact us, our personal bankruptcy lawyers are here for you.
Chapter 12 bankruptcy is similar to a Chapter 13 except that only farmers or fishermen are eligible. If you are a farmer or a fisherman and are considering filing for bankruptcy, contact us, and let your bankruptcy attorney help you sort through the legal mess.
Chapter 11 involves a reorganization of finances. While an individual can file a Chapter 11 case, it is usually for businesses. These cases typically involve tremendous complexity and require extensive legal work. An individual should not consider a Chapter 11 bankruptcy case except as a matter of last resort and only under the direction and representation of experienced bankruptcy lawyer. Only in the rarest of circumstances is a Chapter 11 appropriate for an individual. If you believe that filing for Chapter 11 bankruptcy is right for you, contact us, our bankruptcy attorneys are here to help you through this tough financial time.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.