Tampa Business Bankruptcy Attorney 813-222-8210
TAMPA BANKRUPTCY ATTORNEY
We are experienced in all areas of corporate and business insolvency matters. Past representation includes representing creditors, debtors and trustees under all areas of the bankruptcy code. In addition, we have represented businesses as well as assignees under Florida’s Chapter 727: Assignments for the Benefit of Creditors. Our network of professionals includes cash flow experts, auditors, forensic accountants and turn-around specialists, all dedicated to protecting the future of your investment. If your business is in trouble, or a business you have invested in appears to be faltering, we can help.
- Successfully represented high net worth individual in reorganization of numerous mortgages across several properties across the Country.
- Successfully reorganized a secured and unsecured debt for a private school, saving the school in excess of $1 million.
- Successfully represented international banking conglomerate as white knight purchaser of bankruptcy debtor corporation.
- Successfully represented large pediatrician practice struggling with claims for retribution for alleged up-coding (over-billing) from insurance companies and million dollar claim from the IRS with reorganization and debt consolidation.
- Successfully represented individual with multiple homes in chapter 11 reorganization where we modified or adjusted the value of the mortgages on all non-homestead homes to the value of the property.
How can your Tampa Bankruptcy Attorney help you:
Individual Bankruptcy Business Bankruptcy Creditor Inquiry 412 E. Madison Street * Suite 1106 * Tampa, FL 33602 * Stan “The Man” Galewski * www.Galewski.com * 813-222-8210 Did you know:
Tampa Bankruptcy Attorney – There is life after bankruptcy
your immediate payment history, your debt to credit limit and your debt to income ratio. The remaining ten percent of your score comes from smaller items such as having to many inquiries in a 6 month period.
Most people on the eve of bankruptcy do not have the greatest immediate payment history. Filing a bankruptcy can help improve this area over time. Instantly it is another bad mark, but that mark begins to age almost immediately and is almost a non issue in 12-24 months. Without the bankruptcy you will keep having other bad marks hit your score until you get your credit under control.
Your Debt to credit limit ratio is the amount that you owe compared to what you could possibly owe. Anything over 20% is bad. That is if you have $10,000 of total available credit card space and you owe more than $2,000 you are hurting your credit score. Most people, even those not considering a bankruptcy, seem to be above this mark. After a bankruptcy you will have no credit card debt and this will be a positive mark on your credit score.
Your debt to income ratio is the amount that you owe compared to what you make. Again anything over 20% is not good. That is if you make $100,000 per year but owe more than $20,000 you are hurting your score. Again most people, even those not considering bankruptcy are past this point today. Most people considering bankruptcy are over 25%. After a bankruptcy there would be no debt and this would be a positive factor in your score.
For these reasons and other most clients report that they are in the 650-720 range within 12 months of a chapter 7. FHA used to allow people to refinance out of a chapter 13 after 12 payments into the plan. Due to the market crash FHA now requires you to be 24 months removed from the bankruptcy for a loan. Other loans are available often at less then 9.9% for new homes. Credit cards will send you unsolicited offers and car dealers will often give you loans the day after a chapter 7 discharge.
There is life after bankruptcy.
The Galewski Law Group provides Accident, Insurance Claim, Injury, Chapter 7, Chapter 11 and Chapter 13 bankruptcy, foreclosure defense, mortgage modification, Divorce, and Personal Injury representation to clients throughout the Tampa Bay Area including Hillsborough, Pinellas, Manatee, Pasco, Polk, Sarasota and Hardee County and in cities that include Tampa, Clearwater, Dover, Seffner, Tarpon Springs, St. Petersburg, Palm Harbor, Dunedin, Safety Harbor, Lutz, Holiday,, Oldsmar, Sarasota, Crystal Beach, Bradenton, Lakeland, Brandon, Plant City, New Port Richey, Trinity, Spring Hill, Port Richey, Largo, Seminole, Pinellas Park, and Bartow.