Are you experiencing a temporary setback that is putting you in a financial bind? Perhaps, you are momentarily facing a loss of income due to layoffs at work, a sudden illness or accident that is preventing you from earning an income. If so this can place your family in a financial bind as you struggle to find a way to pay your bills during this time. Monetary problems can be extremely stressful on everyone and then the added pressure from debt collectors does not help. Especially if you are facing the risk of losing your home due to a temporary financial setback. Fortunately, a solution can be found when you consult with Chapter 13 attorneys in Tampa area about your financial issues.
Benefits of Reorganizing Your Debts
Chapter 13 attorneys in Tampa can assist you in filing a bankruptcy petition that will allow you to change your financial debts over a three to five year period. This type of bankruptcy works with your creditors to reach an agreement of a payment that will be made during the set time frame. Creditors agree to a lowered payment during this time and in turn, they do not pursue legal actions against the individual. The payments are made to a court-appointed trustee, who will then disperse the money to the creditors for the duration of the bankruptcy. When this time frame ends, your unsecured debt is discharged by the court and provides you with the opportunity to remedy your financial problem.
Obtain Relief by Consulting an Experienced Law Firm
The Law Offices of Robert M. Geller is your solution when searching for an answer to your debt problems. Since 1991, their attorneys have assisted clients in finding the right bankruptcy option that meets their financial needs. From liquidation of property to reorganizing debt, you can gain the information you require to make a well-educated financial decision.