Chapter 13 Bankruptcy Attorney | Tampa | Clearwater | St. Petersburg

Chapter 13 Bankruptcy

Many individuals deal with having a substantial amount of debt accumulated and with the help of a chapter 13 bankruptcy attorney; these individuals take a step forward towards living debt free. If you have a steady income and would rather not file for chapter 7 than the best solution would be to petition and come up with a court approved repayment plan. Contact Epperson & Rich to receive the personal attention you need during the time you need it the most. Filing for bankruptcy can be an intimidating process to go through, so you should hire attorneys that will walk you through each step. We serve the Tampa bay region, including Clearwater and St. Petersburg.

Searching for a chapter 13 bankruptcy attorney to meet all your needs, then contact Epperson & Rich (813) 886-8500

The first step of filing for bankruptcy is to see if you qualify for a chapter 13. Many people choose this option if they have a steady income because it doesn’t hurt your credit history as bad in the future compared to chapter 7 bankruptcies. When an individual files for chapter 7, they must liquidate all their nonexempt assets in order to repay all the creditors back. Chapter 7 bankruptcy cases stay on your record for ten years compared to chapter 13 which only stays on your record for up to seven years. There is obviously an disadvantage in both cases, where credit is less available to these individuals, or if they are available it would be on an unfavorable term. The subject of consumer credit and its credit worthiness is complex and the best chance you have in restoring your life would be to contact a chapter 13 bankruptcy attorney in Tampa.

An individual can declare bankruptcy once it is certain that paying off creditors has become near impossible. Hiring a chapter 13 bankruptcy attorney in Tampa and filing can give you a chance to financially start your life over again. After the petition for chapter 13 is filed, the court mandates that you submit a chapter 13 plan. This plan must be given within fifteen days after the petition is filed. The chapter 13 plan must be approved by the court and also must provide payments of a certain amount to the trustee on a regular basis, which tends to be biweekly or monthly. Once the trustees receive the money, they must then redistribute it amongst the creditors in accordance to what is agreed upon in the plan.

If you are considering filing for bankruptcy, contact Epperson & Rich for all your chapter 13 bankruptcy attorney needs in Tampa. (813) 886-8500

There are many advantages of filing for chapter 13 rather than chapter 7 such as being able to keep most of all your properties while being able to spread out the time when past payments are due. If you are considering filing for chapter 13, you can have from three to five years to catch up on past accounts that you owe money. The payment is determined according to the term that you and the trustees from your bankruptcy case have agreed upon and is feasible for the individual. Another advantage you have when filing for chapter 13 is that you are protected from creditors from a period up to five years in which they are forbidden to contact you. Any individual who has unsecured debts below $360,475 and secured debts under $1,081,400 are eligible to file for chapter 13, however if you are a business entity then you are unable to file for chapter 13 bankruptcy.

Contact Epperson & Rich for your chapter 13 bankruptcy attorney needs. For more information or questions regarding bankruptcy feel free to call us for a free no obligation consultation at (813) 886-8500. We serve the Tampa region including Clearwater and St. Petersburg.


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