Tampa Bankruptcy Lawyer
Charles A. Hounchell, P.A. – Attorneys & Counselors at Law
Amid the economic crisis forced upon Americans in 2008, the residents of the state of Florida were some of the hardest hit individuals with regards to job loss rates, foreclosure rates, and bankruptcy filings. Consistently, family after family was facing financial ruin in light of the recent economic downturns across the nation and within their local communities and cities in the state of Florida. Since 2005, filing for bankruptcy in the state of Florida, as well as across the United States, became subject to a much more stringent approval process by the bankruptcy courts. For individuals or families faced with filing for bankruptcy in Tampa, Florida, an experience Tampa bankruptcy lawyer can help. Initially, assessing the viability of filing for bankruptcy, including the potential fallout from such a drastic financial decision, must be taken into consideration between a Tampa bankruptcy lawyer and clients. Following this decision, preparations and filing must be made in one of three applicable bankruptcy court jurisdictions in the state of Florida. Likewise, competent legal counsel from a Tampa bankruptcy lawyer inside the bankruptcy courts is necessary for a favorable outcome as well. This process holds true for both individuals and businesses filing for bankruptcy in Tampa, as well as across the state of Florida.
Are you, your business, or one of your loved ones facing personal or business bankruptcy in Tampa, Florida? Contact a Tampa bankruptcy lawyer with Charles A. Hounchell, P.A. – Attorneys & Counselors at Law, for experienced bankruptcy legal counsel today.
Under the United States Bankruptcy Code, businesses and individuals have several options when it comes to filing for bankruptcy, which may be restricted in some circumstances depending on a litany of factors. Some of the most common forms of bankruptcy filings include:
- Chapter 7, which allows liquidation of assets to settle outstanding debts with creditors. This is the most common form of bankruptcy across the United States, as well as in the state of Florida for personal bankruptcy filings.
- Chapter 11, which provides for supervised reorganization of a business or private individuals with substantial amounts of personal debts.
- Chapter 13, which allows for the filing of bankruptcy reorganization generally for individuals with unsecured debts of less than $336,900.00 and secured debts of less than $1,010,650.00
Generally speaking, almost all offered bankruptcy relief services will fail to address the inherent issues facing individuals teetering on the brink of bankruptcy. Only a competent, experienced Tampa bankruptcy lawyer should be sought when considering personal or corporate bankruptcy.
Are you, your business, or one of your loved ones facing personal or business bankruptcy in Tampa, Florida? Contact a Tampa bankruptcy lawyer with Charles A. Hounchell, P.A. – Attorneys & Counselors at Law, for experienced bankruptcy legal counsel today.