Blick Law Firm will be hosting a free informational bankruptcy seminar on Wednesday, April 9th from 3 to 5 pm. The seminar will be held at Blick Law Firm’s previous office at 4351 Gunn Highway in Tampa. Bankruptcy paralegal Jill Starr, and attorney Alex A. Serrano will be providing in depth information in regards to what bankruptcy is, how it can be useful, and the distinctions between chapter 7 and 13. Information concerning what not to do preceding and during your bankruptcy case will also be discussed, along with a “life after bankruptcy” session, and more important and useful information.
What is bankruptcy?
Bankruptcy is a legal degree of a person or business that is unable to pay their debt to creditors. Bankruptcy is appointed by a court order that is generally proposed by the debtor. Filling for Bankruptcy is common in the state of Florida, and can safeguard and provide comfort for those overwhelmed with debt. What Bankruptcy laws do is liquidate assets, so that debts can be paid. Repayment plans are also made in order for those in debt to have a new financial beginning.
Bankruptcy cases are generally filed under Chapter 7 or Chapter 13 of the Bankruptcy Code.
Chapter 7 or Straight Bankruptcy, eradicates all debts excluding the following:
- Child support
- Alimony
- Most student loans
- Most recent back taxes
- Recent large purchases of more than $550 for luxury goods bought within 90 days of filing
- Fraudulent debts
- Cash advances of $825 within 70 days of filing
- Fines or penalties of government agencies
Chapter 13 or Wage Earner Bankruptcy creates a repayment plan that allows you to pay back your debts over several years’ time.
It is very important that the information and paperwork are filed correctly to ensure that your bankruptcy claim is successful. The experienced bankruptcy attorneys at Blick Law Firm can assist with your bankruptcy claim, and help to make sure that the proper steps and precautions are being made when filing.
If you or a loved one is thinking about filing for bankruptcy, Blick Law Firm can help you secure the full benefits to which you are entitled, and help to maximize your recovery.
