Taking Full Advantage of Debt Relief Opportunities
Bankruptcy does have drawbacks and it is not always the answer. However, bankruptcy offers benefits and protections that are not available through the alternatives for mortgage, debt and tax problems.
At Stamatakis + Thalji + Bonanno, we are not out to push people into bankruptcy unnecessarily. But we know that people have myths about bankruptcy and many questions and may not fully understand the advantages.
Serving the Tampa Bay area and surrounding counties, our attorneys help individuals and small businesses file for Chapter 7, Chapter 13 and Chapter 11 bankruptcies. We will explore all your possible solutions and explain the pros and cons of bankruptcy. Contact us today for a free initial consultation.
Exploring Bankruptcy Benefits
Chapter 7 bankruptcy can eliminate unsecured debts and even back taxes. It represents a fresh financial start for citizens who cannot hope to ever pay off their mounting debts.
Chapter 13 bankruptcy provides a reprieve for citizens who can pay some but not all of the debts. It spreads repayment over several years.
Chapter 11 bankruptcy allows a small business time to reorganize and create an approved plan for repaying creditors.
One of the main benefits of bankruptcy is the automatic stay provisions that keeps creditors at bay from the date your petition is filed. Combined with the discharge of debts and Florida property exemptions, bankruptcy can:
- Stop foreclosure and save your home
- Prevent wage garnishment and repossession
- End creditor harassment
- Eliminate credit card debts
- Eliminate medical bills
- Eliminate judgments
- Eliminate certain tax arrears
- Protect your retirement savings
- Reduce car payments
- Catch you up on mortgage arrears
- Eliminate second or third mortgages
- Eliminate deficiency balances on mortgages and car loans (if you are surrendering the house or car)
- Buy you time to work out a mortgage solution
Tampa Consumer Bankruptcy Lawyers
Will bankruptcy ruin your credit or get you fired? No. Does bankruptcy discharge all your debts? No. We encourage you to read our bankruptcy FAQ for answers to common questions. Better yet, discuss your specific case with experienced lawyers who have handled thousands of bankruptcy matters.
We offer a free initial consultation by phone or at our office in Tampa. Call Stamatakis + Thalji + Bonanno at 866-479-6946 or contact us online.
President Obama and the U.S. Congress has designated our offices a Federal Debt Relief Agency because we help people file for bankruptcy.
