Chapter 7 Attorney in Tampa
Eliminating Debt without Repayment
Facing financial difficulty is overwhelming and people often don’t know where to turn for help. At Sandra L. Hibsch, P.A., our Tampa Chapter 7 lawyer, is compassionate, experienced, and accomplished. She has devoted her practice entirely to bankruptcy law and has enjoyed helping clients find debt relief options for more than 20 years.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy makes it possible to eliminate unsecured debt without repayment. The process involves filing a petition with the court, attending a hearing, and having your debts discharged. In most cases, your debts will be discharged approximately 120 days from the time you file the petition.
The advantages of Chapter 7 include:
- Putting an end to creditor harassment
- Stopping wage garnishment
- Allowing you to completely eliminate most debt
- Providing a shorter bankruptcy process
- Enabling you to move on and rebuild your credit
In 2005, amendments to federal bankruptcy law included the requirement for a means test to determine eligibility for Chapter 7 bankruptcy. Our Tampa Chapter 7 attorney can help you determine the best debt relief option for your situation and future financial goals.
The Complexities of Chapter 7 Require a Skilled Attorney
The bankruptcy process can be complex and involves an assessment of your assets and debts. We can help you create a list of exempt assets that you are able to keep in a Chapter 7 bankruptcy. Non-exempt assets will have to be sold or retained through a buy-back from the Trustee. We can help you determine which assets are exempt, regarding your personal property, IRA, 401(k), and other pension accounts.
Every situation is unique. Discuss your case with Sandra L. Hibsch, P.A. by calling (813) 328-5554.