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(part two) We are continuing our series on how filing bankruptcy helps relieve the stress of being unable to fulfill certain financial obligations. As a premier bankruptcy law firm serving the Tampa Bay area, we help clients with bankruptcy, IRS resolution, liens, foreclosures, credit problems and home buying assistance. Our bankruptcy lawyers are often asked […]
When filing bankruptcy, there are two options to consider, Chapter 7 and Chapter 13. While both provide relief, the way your debt is handled differs with each. Regardless of whether you file Chapter 7 or Chapter 13, you should engage a qualified bankruptcy law firm with experienced bankruptcy lawyers that can help determine the best course of action for your specific situation. Let’s take a look at the basic differences between Chapter 7 and Chapter 13:
The Law Office of Thomas A. Nanna is an experienced Tampa bankruptcy law firm dedicated to helping you get resolution and relief.
At Law Office of Thomas A. Nanna, P.A., our lawyers are committed to seeing every case through to the very end. Typically, our cases end after bankruptcy is finalized and the debt is discharged. Sometimes, we are able to file a lawsuit against a debt collector that has violated the Fair Debt Collection Practices Act and get some extra money for the person we are representing.
Liens can be stripped off of the debtor’s assets in Chapter 11 or Chapter 13 when the equity in the asset, after deducting senior liens from the property’s current market value, is less than the amount of the unsecured portion of the lien can be eliminated.