| TAMPA BANKRUPTCY LAW A Tampa Bankruptcy Lawyer can help you gain a fresh start. Bankruptcy and debt restructuring are complicated processes that have long term effects, both beneficial and adverse, on a person’s life. The court process, dealing with creditors and the events leading up to the decision to take action involve financial and emotional issues. It is frequently a stressful, frustrating, and intimidating experience. You should have an experienced and skillful Tampa Bankruptcy Lawyer to represent you throughout that process. Even an experienced bankruptcy lawyer cannot foresee every difficulty that may arise in your unique case. The complexities of insolvency law are such that the services of a bankruptcy lawyer who is knowledgeable and experienced in that field is highly advisable. We understand the strain that this process may put on you and your family. We are dedicated to personal service and our sympathetic Tampa Bankruptcy Lawyers are ready to help walk you through this difficult time. Since we understand your position, we approach each case with the compassion, dedication and heart that you deserve. For more information or to see if bankruptcy is an option for you, please contact our office for a no-obligation consultation with a Tampa Bankruptcy Lawyer. Question of the week: I am up-side-down or have negative equity in my home, can bankruptcy help me? If you owe more than your house is worth, you typically have three options: pay for the house the home value increases, return the home to the bank or sell the home. If you sell the home, a Tampa bankruptcy attorney may help you to negotiate a short sale with the bank, so you do not need to bring money to sell. If you decide to give the house to the bank, this may be done, with or with out a bankruptcy. If you do not file a bankruptcy the Court may grant the bank a deficiency judgment against you for the difference between the sale price and the amount owed. The bank may attempt to collect the difference from your personally or may file a 1098/1099 with the IRS, and treat the deficiency amount as earned income. You would then be personally liable for the difference as if it were earned income from that tax year. A bankruptcy or reorganization may save you from the deficiency judgment and the 1099 taxable gain. Call your Tampa bankruptcy lawyer for more information. Click here for your Tampa Bankruptcy Lawyer's Answers to FAQ. To start the process we will need the following information: Chapter 7 Questionnaire PDF WORD Chapter 13 Questionnaire PDF WORD |
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