There is a lot of information on the Internet about filing bankruptcy. Some information is accurate, and some is false. As a premier bankruptcy law firm, our bankruptcy attorneys take time to ease our clients fears and thoroughly answer any questions they have about the process of filing bankruptcy. Our next series of articles will cover some of the ways filing bankruptcy helps people get back on their feet. Let’s take a closer look.
Dissolves Most Unsecured Debt
Unsecured debt is debt incurred without a promise to return purchased property. Examples of unsecured debt includes credit cards, utility bills, medical bills and service contracts. Bankruptcy attorneys often include a list of unsecured debt when filing bankruptcy on your behalf. Most unsecured debt will be wiped out depending on the type of bankruptcy filed.
Eliminates Responsibility for Secured Debt
A bankruptcy lawyer may list secured debt in your bankruptcy filings. Secured debt is debt with collateral attached, such as a home, automobile, boat, etc. While filing bankruptcy may wipe out some secured debt, you will be required to return the property attached to it.
If you are in over your head in debt, you don’t have to go through it alone. The Law Office of Thomas A. Nanna is an experienced bankruptcy law firm dedicated to helping you get resolution and relief. Our bankruptcy lawyers work to ease your anxiety and help you “reset” your finances so you can move on with your life. If you are contemplating bankruptcy, Tampa Bay residents know who to call. We work with clients throughout Hillsborough, Pasco, Pinellas, Polk, Manatee and Sarasota. Schedule your free consultation today.